Bailout Watch 38: GM President Does His Own Spinning

Cammy Corrigan
by Cammy Corrigan
bailout watch 38 gm president does his own spinning

Troy Clarke, President of GM’s North American operations, decided answer back on some issues plaguing GM while addressing students at Southern Methodist University (home of the George W. Bush Presidential Library). Clark started with the usual PR blurb; GM is one of the largest auto manufacturers in the world, and that they bring us household brands, like Chevrolet, Buick, Saturn, Pontiac, Hummer and Cadillac. Well, until they kill Pontiac and sell off Hummer. And Buick slips in the shower and dies. While we could read into Clarke’s reference to GM as “one of” the world’s largest automakers rather than calling it “the largest,” there were other gems from the presentation. Clarke went on to trumpet GM’s phenomenal fuel economy stable: they have 18 models that get 30 mpg or better. Ray Wert trashed this myth previously: these 18 cars represent 30% of GM’s overall line up, whereas Toyota’s and Honda’s 30+mpg club represents 55 and 60%, respectively. Then came the thorny issue of “the bailout”. Or not. Because it’s not a bailout. Is it? Clarke told the crowd that actually, it’s not a bailout. It’s just a return for the taxpayer. Nice! “Congress has mandated an industry average of 35 mpg or better by 2020,” Clarke said. “This was the figure that they thought was reasonable and would not bankrupt the car companies, but it just depends on how valuable sooner results in this facet are to the American taxpayer.” Fancy that! Even though, I’m not a United States’ taxpayer, I’d hazard a guess that citizens would want their taxes spent on things like roads, defense and fixing social security, rather than a company run into the ground by clueless executives.

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  • Areitu Areitu on Sep 12, 2008

    monkeyboy: Check out what happened (or didn't happen) at a recent military march of a holiday in N. Korea recently. blindfaith : An American family-owned business the rights to an additive that a number of German machines needed and managed to make a lot of money off of that during the war.

  • Redbarchetta Redbarchetta on Sep 12, 2008
    blindfaith I'm not sure who you think was trying to recreate history. No one is saying they didn't manufacture a lot of weapons during WW2 but that was 60 years ago. We need steel, ships, munitions, air planes, banking, food etc., right here. We have all that here already, not sure what your point is. My point was we have dedicated military manufacturers and if added capacity is needed again it can be handle just the same as before but using Toyota, Honda, etc. You must forget that Americans work in those places, just because they aren't UAW branded doesn't mean they wouldn't jump right into the effort. And the government has the capacity to use those factories, labor and resources as they need during a wartime effort, whether the owners like it or not, just look at GM and Ford production in Germany under Hitler. The Big 2.8 can barely handle the car biz handing over highly advanced weapons production to them might not work out to well, something they would have to be accountable for. Would you want your life to rely on a Chrysler build tank transmission. Just because they don't get bailed out doesn't mean they will disappear, they just wouldn't continue on in the form you are used to, it's called evolving. Propping them up doesn't force them to change to meet the times. Toyota isn’t going to come to our aid if North Korea goes ballistic. Japan is reliant on teh US for their defence, especialy in a major conflict, if we get hit they get hit worse. Last time I looked at a map North Korea and Japan weren't that far apart and don't have good relations. Toyota, Honda and Nissan would probably offer up their factories, labor, and money before we even asked if any sort of conflict that might threaten them were to happen. I agree that we import way too much stuff. We need to start making our own stuff in house and quit buying cheap disposable crap. Man I hate Walmart.

  • Jpolicke Manufacturers put such little effort into making AM reception sound like anything tolerable to listen to, they may as well drop the pretense and eliminate it altogether. Maybe it's not coincidental that my last car that had decent reception also had a traditional metal stick for its antenna.
  • Kjhkjlhkjhkljh kljhjkhjklhkjh hideous
  • Irvingklaws Still listen to AM from time to time. Mostly just to find what's out there, often just after something has cleared all my presets. Lots of christian and rightwing politic talk shows, but there's still music, local news, traffic, and weather. I've found lots of non-English (as a primary language) stations as well. Kind of like local access cable. You can find more local content that can't get air time on the big stations. It can be fun to explore on trips just seek/scanning up and down the dial.
  • Oberkanone AM is choice for traffic reports, local news, and sports. FM is choice for music. I don't own a cell phone. How often is AM radio accessed? Over 90% of drives I use AM at some point.
  • Art Vandelay So half of them voted for the same people that were selling them out and taking bribes? Wow