When you’re Government Motors, we have no competition.
The things you can do, to make dismal results look cool … OK, so who is fooling who?
General Motors announced an increase in government purchases of 115% in July. This follows June’s jump in government fleet sales of 79%.
Just what’s going on? GM has claimed that it is localities (mostly for police vehicles) and not federal purchases driving the increases, but aren’t localities struggling with their budgets? Why do the nation’s police forces all of a sudden need new vehicles?
A little research uncovers that the Obama Administration is once again being generous with federal grants to localities to purchase new cars, with one of the primary end recipients of taxpayer money being GM.
Spreading the wealth. The feds give the money to local governments so local governments can by Government Motors cars. Hey did you know Government Motors still owes $42 billion on their bailout?
Any large increase in federal purchases of GM vehicles would be criticized, but giving taxpayer money to local police forces to buy the cars is defensible. Hides the truth.
It seems dubiously orchestrated that GM would make sure that they attributed the unusual increase in government fleet sales to localities rather than federal purchases. It’s almost like money laundering where taxpayer money gets filtered though grants to localities and then gets back to GM via purchases of police vehicles and such (this is also a trick that has been used to promote the Chevy Volt).
It’s like how teachers unions hide that the teachers unions all support Democrats, with their raises they get from government. Money laundering.
Of course, the grants for law enforcement will be defended as a noble spending of taxpayer money to fight crime. But why did localities all of a sudden need to buy about double the amount of vehicles that they did last year?
Hold on to your hats as you hear how Jersey City bought $12 million worth of new vehicles with federal grant money and then said the vehicles would not be used on a regular basis.
So, by hook or by crook, GM will be selling vehicles and proclaiming how successful they are as Obama continues to campaign on that same “success.” With $50 billion of taxpayer money handed to them and such “success”, you have to wonder why GM’s share price has gone from a $33 IPO price down to the current $20 range. More importantly, you have to wonder how America can continue to afford to throw money away to help give the perception that GM is an Obama success story.
I wonder how many people know what is really going on …. And the Union Workers all cheer.