The 'Li'l Abner' character General Bullmoose was created by cartoonist Al Capp in 1953 as the epitome of capitalism. His motto was "What's good for General Bullmoose is good for everybody" but is better remembered from the Broadway musical's lyrics as "What's good for General Bullmoose is good for the USA."
- General Motors was at the time America's largest corporation, and even the kiddies reading the comic strips 'knew' who General Bullmoose represented.
A few years ago, the US Government bailed-out GM (912 million shares/a 60.8% stake) at a cost to the taxpayer of $49.5 billion dollars, and Treasury just sold its last shares of GM for a nifty $10 billion dollar loss. Nice <20%> haircut, but what the hell, it's not like it was their money or anything.
- Typical government deal...your tax dollars not quite at work.
General Bullmoose was FUNDAMENTALLY TRANSFORMED into a titmouse by this regime.
- Just think what they'll be able to 'accomplish' by taking control of the healthcare sytem with ObamaCare?
Tuesday, 10 December 2013
Fundamental Transformation(s).......................from Rico
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Meanwhile in Australia, the local director of GM is announcing on tv right now that GM will no longer manufacture cars here, due to non-viability without the continuation (and expansion) of the massive tax-payer underwriting that's gone on here for many years.
This in a market that buys over a million new vehicles a year, of which GM's share has dipped lower and lower every year. Despite our financial support of over $3k per car.
Begone, I say.
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