Futures and Options

Just another town along the road.

Thursday, June 18, 2009

Well, it’s definitely a change, and I certainly believe it…

At the beginning of this month when the US Government effectively bought a controlling interest in General Motors, Obama had this to say:

What we are not doing, what I have no interest in doing, is running GM.  They, and not the government, will call the shots and make the decisions about how to turn this company around.

Unless, of course, calling those shots and making those decisions means they need to close a plant within a prominent Democrat’s district.  It seems that Barney Frank (D-Mass.) has “convinced” General Motors to delay the closure of GM’s plant in Norton, Mass.  Nevermind that this is precisely the sort of thing that Obama promised us would never happen.

Overall though, I really don’t see how this can possibly go wrong.  I mean, it’s not as though this sets a precedent for using GM as a means of administering pork-barrel projects to a congressman’s home district at the detriment of the remainder of the country.  And it’s certainly not as though a politician would ever ignore the larger picture if doing so could enlarge his own piece of the pie.

Oh…  This is the real world, isn’t it.  Yeah, we’re screwed.

posted by Zenmervolt at 10:53  

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