Boy, seems like only a few months ago that we were bailing out the banks and big insurance companies with TARP funds, and then we had to step up and loan General Motors and Chrysler BILLIONS of tax payer dollars because, well, uh, “they are too big to fail.” Well, Chrysler failed and went into chapter 13, and now the General has joined them with Monday’s largest industrial bankruptcy evah! Guess we’re all supposed to be placated by US, the taxpayers, ending up owning at least 60% of the New GM.

The implications and repercussions of GM being torn asunder with the toxic assets becoming Old GM — to be thrown under the liquidation bus and afterwards Cadillac, Chevy, Buick & GMC soldiering on as the New GM with little to no debt and parity with Toyota & Honda in wage costs — are staggering! The local fallout of 42% of existing GM dealers losing their franchises is mind boggling! What could go wrong?

Well, imagine the government providing incentives for US to buy government-owned GM cars and trucks via tax breaks — gotta make it work, we ALL own it, right? Imaging the government punishing Ford, Honda, Toyota et all because, well, they aren’t “government owned” and therefore are in direct competition with the government’s best interest. Imagine if the Obama administration decides to force those dealers to close that didn’t support Obama in last fall’s election and make sure that those that did get competition-free zones! Never happen you say? Laer at Cheat-Seeking Missiles lets up know that it might already have.

When I first read of Dealergate in a “Red Alert” post by Doug Ross – the supposed effort by the Obama admin to close Chrysler dealerships whose owners are big GOP donors – I decided not to write about it because a key question was unanswered: How many Chrysler dealers are big Obama supporters?

Seemingly, car dealership owners, as entrepreneurs in a business that’s under odious regulation and ongoing threats to its survival by Dem pontificators, would be overwhelmingly Republican, so dealerships forced to close by a Dem admin would be overwhelmingly Republican. I’m not sure that question has yet to be answered, but the story is getting some very sticky traction (at least on the right side of the blogosphere), so it’s officially an Obama Drama.

In Ross’ newest post, he’s been putting dealership locations and political contributions and finding a pattern of GOP-contributing dealerships being closed to the benefit of nearby Obama-supporting dealerships. Here’s one example of many, many presented:

It’s the Chicago way, don’t ya know? Michelle Malkin has it pegged about that and the total silence from the MSM. Imagine if a Republican administration had been doing something like this.

As I’ve stated from the beginning, there is still much to be researched on this issue. Given Obama’s Chicago gangland propensities, anything corrupt is possible.

Some professional journalists, however, have shown obstinate unwilligness to get to the bottom of the decision-making process.

Visit Laer’s site for the specifics and links to the primary data and to Doug Ross’ blog. Me? I’m gonna go off into a corner and twiddle my thumbs and celebrate owning 2, count ‘em, TWO car companies.

Not really . . .

This entry was posted on Wednesday, June 3rd, 2009 at 12:09 pm and is filed under Automotive Survival, Bailout B.S.. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.  |   Print This Post  |   Email This Post

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