Posted by
Laura L. Hollis, JD on Monday, July 13, 2009 11:21:01 AM
Great article about GM
here. As I say whenever I speak to groups about entrepreneurship and public policy, a failed business model, taken larger, will still fail. But the failure will be even more catastrophic. We threw $50 billion at GM, and it
still went into bankruptcy. When the "new" GM fails - and it will, because the people running it (translation: the Obama admistration) know nothing about running a company - it will not just be GM employees, bondholders and shareholders who lose. The American public will then be the losers.
And so this will go for every single company and industry that Obama nationalizes, over-regulates, or otherwise controls.
Running a company is not "community organizing." It is not running a campaign for election. Or re-election. Obama is incapable of running a company, much less an industry. He deserves to lose his job in 2012. If we cannot persuade our senators and congressmen to give him nothing more, then they must all lose their jobs as well. Sooner, rather than later.