Boycott GM and Chrysler

The following opinion article was published on the Cato Institute site today:

http://www.cato-at-liberty.org/2009/07/09/strike-a-blow-for-freedom-dont-buy-gm/

This paragraph sums up the argument:

• But in all seriousness, this legislative effort is an affront to common sense and an insult to our heritage of free enterprise and capitalism. It is stunning enough to watch the slow-motion nationalization of an iconic behemoth like GM, but Congressional meddling at the operational level to stop the company from following through on an obviously wise cost-cutting measures should be a wake up call to all Americans that we are doomed to politically-driven micromanagement of the economy–into the ground no less–unless we register our disgust and dissent now!

The Government’s solution to the Chrysler saga sounds like the punch line of a joke. It would be funny if it wasn’t costing all of us billions of our hard earned dollars. Chrysler is in financial trouble due to management inefficiencies and low labor productivity. The solution that we all are contributing to is to have the Federal Government take over the Board of Directors, then give the UAW a controlling ownership interest and finally bring in an Italian automaker to manage the company. Incredible! The Federal Government, the UAW and an Italian automaker, to solve inefficiency and low productivity.

GM and Chrysler have become vampire corporations and will feed on the US Treasury for years to come. It is time to drive a stake through the hearts of these living dead corporations before they drain us of what little savings we have left.