June 10th 2009
Quote Of The Day: Vrrooom Or Doom?
“I don’t know anything about cars.” – Edward E. Whitacre, Jr., Newly Annointed Chairman Of GM
I
really can’t believe I’m in America, reading in American media what an American president is doing to an American enterprise. But I am. It is true. The government has named a new chairman for General Motors. Not the GM board of directors, not the shareholders, but Steven Rattner, Obama’s car czar, who knows about as much about cars as the new chairman, Edward Whitacre.
This is far more radical than anything I thought Obama would be able to pull off, even in eight years, let alone 14 weeks. Following on yesterday’s SCOTUS decision which said, basically, a contract is no longer a contract so investors can expect no protections, the critical condition of glorious American capitalism could not be more apparent. I worry that it will not survive until 2010′s mid-term elections.
Whitacre was picked for two reasons. The published one is that he guided AT&T through the transition from land-based wire telephone carrier to a leader in the wireless industry. The Obamaites see a similar future for GM, with it transforming from a market-driven car company to a government-driven car company, manufacturing cars Big Brother wants us to drive, whether we want to or not.
The unspoken reason for his selection is because Whitacre can be counted on to do what government tells him to do, as was evident when he quickly (and rightly) acquiesced to government pressure to open AT&T’s hardware to the feds for post-9/11 surveillance purposes. Not all telcom CEOs folded so quickly to government pressure, and since folding to government pressure is what’s in store for GM, Whitacre will make an ideal Obama-era chairman for the company.
The appointment should infuriate the Left. Besides being a lackey to George Bush’s gestapo security machine, Whitacre received a peon-snubbing $158.8 million retirement package from AT&T and was involved in some pretty brutal corporate downsizings (probably in no small part due to shifting jobs overseas). Oh, and let’s not forget that under his tenure AT&T censored (oops!) a Pearl Jam concert right when the band was blasting George Bush.
But Daily Kos has nothing posted on him as of his hour. Democratic Underground? Mum. [By the way, I typed "democraticunderground" instead of "democraticunderground.com," and was redirected to one of those stupid sponsored-link pages. Guess who came out on top? Barbara Boxer!] As for Huffington Post, which as I predicted in a tweet earlier today leads with how Homeland Security foresaw today’s attack on the Holocaust Museum in its report on right-wing radicalism, it also couldn’t find a reason to cover – let alone criticize – Whitacre’s appointment.
Of course not. They know what’s going on. Their long-awaited revolution is happening and they don’t want to crow about it too early because suddenly they’re very concerned about the enemy getting wind of our intentions. Not al-Qaeda – tell them anything - they don’t want their enemy, normal Americans, to wake up to what’s going on. No, they want to be much further down the road to economic ruin in the name of wealth redistribution before they haul out the red flags and have a victory parade.
Jackson: “The President has said-and I couldn’t agree more-that what this country needs is one single national road map that tells auto makers who are trying to become solvent again, what kind of car it is they need to be designing and building for the American people.”
