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Posts Tagged ‘gm bailout’

This Thanksgiving week, General Motors has officially ceased production of it’s Pontiac brand of vehicles as a result of the bailout by the U.S. government.  Not only could the car maker not meet it’s financial obligations but, the fact is that the car’s brand no longer had the appeal it once did and sales were declining.

The last Pontiac G-8 rolled off the assembly line in Orion heading for a fleet order rather than a museum for posterity sake yesterday.  http://www.detnews.com/article/20091126/AUTO01/911260411/Pontiac-reaches-end-of-the-line/?imw=Y 

http://www.pontiac.com/ has the official closeout information on remaining vehicles for sale with deals as low as o% financing for six years or cash back offers up to $4,500.  As a wake up call to anyone buying a car, six years is an absurd amount of time to pay off a car, especially when the warranty ends before you pay it off.

With discount offers like this across most of GM’s product line up, how they are ever going to make money, get out of bankruptcy and away from government ownership is beyond any one’s guess. 

Besides the 1000’s of job losses at Pontiac plants, NUMMI the joint venture between  GM and Toyota venture looks to be shutting its doors as well. http://www.mercurynews.com/drive/ci_13766495 From the Bureau of Labor Statistics unemployment by state http://www.bls.gov/web/laumstrk.htm is listed.  Like the climategate, how true these numbers are is any one’s guess.

I recall the 1978 Pontiac Bonneville that I learned to drive in.  What a tank, but it had the radio antennae built into the glass which was pretty cool.  In 1982 came the Firebird and was featured on the TV Show Knight Rider.  I never owned one, but a lot of my buddies did and it was a girl magnet.

Pontiac Fiero

In 1984,  my dad through a mid life crisis or whatever, found the Pontiac Fiero much more in the spirit of things.  What a car it was and far removed from anything on the market.  The damned things body was made of plastic!  We’ll some sort of poly-resin- that when a grocery cart hit it it bounced off with no damage.  With no USA steel to give it strength, on impact the car crumbled.  Luckily, we never crashed it but traded it it on something or another.  Might have been the Cadillac Sedan De Ville with the horrendous 4-6-8 valve engine- another GM disaster.

Our Fiero was hot red in color with every option known to man, including the fabulous sound system from Bose.  Nothing like Van Halen screaming at you at ten decibels while driving down the highway. A definite babe magnet of a car.  It made you want to live in the fast lane or at least drive in it.

 

Chief Pontiac, Ottawa Tribe

In the spirit of Thanksgiving, Chief Pontiac of the Ottawa Tribe must be glad to know that the spirit of the Pontiac brand of vehicles will go on- in memory at least.  He was quoted as saying, 

According to a French chronicler, in a second council Pontiac proclaimed:

It is important for us, my brothers, that we exterminate from our lands this nation which seeks only to destroy us. You see as well as I that we can no longer supply our needs, as we have done from our brothers, the French…. Therefore, my brothers, we must all swear their destruction and wait no longer. Nothing prevents us; they are few in numbers, and we can accomplish it.   Peckham, Indian Uprising, 119–20; Dixon, Never Come to Peace, 109. via  http://en.wikipedia.org/wiki/Chief_Pontiac#cite_note-8

It didn’t turn out so good for the Indians being forced to reservations, but in the long run some tribes are probably more financially stable than the U.S. government,  thanks to good fiscal policy and casino’s.

Ironically enough, the Pontiac Silverdome was sold this month for $583,000 USD to a Toronto, Canadadian businessman. Completed in 1975 as the Pontiac Metropolitan Stadium, at a cost of $55.7 million, the Silverdome seats 80,311. It contains 102 luxury suites and 7,384 club seats. more at http://en.wikipedia.org/wiki/Pontiac_Silverdome

“While still not sure what he’ll ultimately do with the stadium, adjacent fieldhouse and 127 acres of land, Apostolopoulos said he’d like to return it to being a place that hosts football, soccer, hockey and basketball as well as concerts.  “People today like sports so we have to keep it for sports events,” he said. “Whatever they like, we’ll do.” But Apostolopoulos said the zoning does allow for the tearing down of the stadium and the building of houses, apartments or almost any other kind of construction.” http://www.thestar.com/sports/article/729769–toronto-developer-snaps-up-vacant-pontiac-silverdome

At less than $5000 USD an acre that was a good deal for any pilgrim. 

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Obama’s administration drives foreign cars, ain’t that a kick in the ass?   In this day of a New World Order are you really surprised?   

Car & Driver did a report on what kind of vehicles politicians drive.  Prior to having a driver for his Cadillac limo, nick named, “The Beast”, Obama drove a Chrysler C300.  340 horsepower and 390 pound-feet of torque at around 20 MPG.  In great hypocrisy,  it is far from a hybrid, fuel efficient means of transportation.  http://www.caranddriver.com/reviews/hot_lists/high_performance/features_classic_cars/what_would_barack_obama_drive_feature__1

No matter what kind of car you own, we are the deer in the headlights and Obama the hunter.

We live in a country where if your car breaks the governement fixes it;  if you get sick,  the government decides if you get fixed. Lordy, lordy. 

This is not some dark espionage thriller where the citizen gets away in the end.  The realities of Obama’s change, hope and promise continue to erode  American democracy and capitalism.

Non-partisanship finally has meaning.  We should fire and vote out almost every Congressman and Senator and elected official. The governments corporatocracy is running our biggest corporations and our banks instead of shareholders. 

If the government wants the responsibility surely it’s citizens should be calling the shots.  Not that the tea-parties going on around the country will amount to much.

“The Heartbeat of America,”  Chevrolet’s long running trademark tag line is long dead- replaced by the line, “An American Revolution,” in its advertising.  We are seeing the start of a revolution indeed, and if we don’t wake up, democracy will be dead too.  Praise be, GM no longer makes the Vega. 

It’s hard being the backseat driver waiting for the next economic collision to occur.  Looking in the in the rear view mirror to see America run over by socialism shouldn’t be an option either. 

Obama playing Mr. Goodwrench isn’t helping matters. 

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”
— Thomas Jefferson

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