President Obama has ordered the United States government to speed up its stimulus-inspired plan to purchase 17,600 new American-made cars by June 1st. The purchases are designed "to increase demand for American auto companies during these difficult economic times," according to the White House.It's actually unbelievable: The United States government lends an enormous sum of money to General Motors Corporation (NYSE: GM) and Chrysler but insists that they meet certain targets to demonstrate viability. Then the government buys a bunch of cars to help them meet those targets: Can someone please tell me what exactly Bernie Madoff did that was so bad?
This is such a ripoff to the vast majority of US taxpayers who don't care what happens to GM and Chrysler. It amounts to a handout to GM's shareholders and creditors who should have been wiped out long before Uncle Sam got involved.
And why are we buying these cars? Because the government desperately needs new cars? No. Because American-made cars represent the best value? No: If they did, there would be no need for a bailout. No, the United States government is buying cars from GM and Chrysler to help bail out companies that have already received billions of dollar in bailouts and will likely receive many more billions before this is all over.
This is an absolute travesty, and every single American should send hate mail to their Congressman.











Reader Comments (Page 1 of 10)
4-10-2009 @ 9:53AM
jgraham307 said...
Hell Iam retired, I can use a new car,every car run up cost. What next?
4-09-2009 @ 5:19PM
rwilliart5295 said...
Unless you don't own a car at all I don't get it! Why not buy the cars they need anyway. We damn sure should be buying American. Most people do care what happens to American workers and American companies.
4-09-2009 @ 5:59PM
Toomuch said...
Americans who value their fellow citizens care very much that GM remains viable. Plus the US government should only buy American made products. I would even take this a step further and suggest the return of domestic content regulations on all imported vehicles. It's the globalist thinking reflected by this blog author that got us into this mess. Instead of just worrying about the size of the bailout, consider the people whose livelihood depends on the health of this company.
Buying American products to help US autoworkers isn't a ponzi scheme. The vehicles are real and the jobs that are saved will belong to Americans. This sounds like a good solid investment to me.
This sure beats bailing out banks that sold the world foreclosed homes that were financed with mortgage fraud. That is the real "ponzi scheme".
4-09-2009 @ 6:34PM
DTQUICK said...
I believe that our government should always buy American-made products with American taxpayer money. I would like to see our government give contracts to the big three to replace our war out military equipment that would create jobs
4-09-2009 @ 6:56PM
frank said...
Wow does the guy that wrote this aritial live in China? He has no clue. We are at war and yes other governments have done much to win that war like giving their car companies huge sums of money and no interest loans. Also negotiating great deals for their car companies that hurt Americans. I dont understand why Americans would not want Americans to be blessed with a job supplied by American owners. We will never win a war when our own poeple are killing us.
Proud to be an American where at least I know I am free. Not sure why we have so many traitors here that want to destroy us.
4-09-2009 @ 7:34PM
Mike Kenney said...
About six months ago I made a comment about the gov. should be buying cars to increase their fuel mileage and to boost the auto industry instead of giving loans. It's a great idea. But I'm sure the anti-americans like Rush Limbaugh will have something to say about this.
4-09-2009 @ 8:05PM
jason said...
This guy has a pea brain thats whats wrong now we aren't buying enough American cars.We better buy much more American vehicles or we will be slaves forever to Toyota and the others.I say every government agency in the US buy all American vehicles GM first. Wow this guy must be a socialist American,what the h--L is he thinking !!!BUY American save America !!!
4-09-2009 @ 8:44PM
hhunt said...
I think the government should buy cars from a more solvent company like Ford. At least they may be around for a couple of more years so the can honor the warranty
4-09-2009 @ 9:19PM
NJSwampdragon said...
My wife bought an Alero after 9-11, feeling patriotic. It fell apart in 3 years. Buy an American car from GM (or Chrysler) -- never again.
4-09-2009 @ 9:41PM
Duane said...
Who is this guy and what country isd he from! Most tax payers do care if GM servives. Also the companies, workers dealers etc. etc. are taxpayers, paying hundreds of billions into the US tax base. Many times more than the bridge loans! How many Honda and Toyota Police cars have you ever seen? Government needs reliable cars, not cunsummer hipe.
4-09-2009 @ 10:09PM
Micheal said...
The guy who wrote this is a complete idiot. He also needs to get his facts striaght. I also care what happens to GM. They just need to get somethings fixed within the company. It is a good company, I have always heard employees say GM took care of them. This guy is out of touch, Both on realism and compassion for the fellow American. If you look back at his previous "bloggs" shows that he is as foolish as I perceived.
4-09-2009 @ 11:31PM
hunter1riley said...
The government has created a series of criteria that GM and Chrysler are supposed to adhere to for proving their solvency. Instead of the free markets deciding if GM is worth saving the government has decided to make that decision for us with taxpayer money. Last I checked this country did not have money to spend on things like...um, new cars. Deficits in the trillions. Mountains of debt. And we need to buy cars for the government? For what? (Jobs? Sure, now they are government employees essentially. Maybe they will like having their pay dictated by the Treasury.) For who? The thousands of new government workers most likely. Does anybody care about the money the government is spending? Are you proposing that this company be a government car company? Because the American people sure as heck have decided they aren't interested in buying anything these companies have to offer. Guess the government can keep it subsidized and continue to buy the cars.
4-10-2009 @ 2:19AM
John Huckleberry said...
Wow, great news, a President saying and doing buy American! Long over due. Bush never would have said buy American, nope never.
4-10-2009 @ 3:23AM
Allie said...
John, why did you have to bring Pres. Bush into this? Since you did... you're right he wouldn't have TOLD you what to buy... only a tyrant tells "We The People" what to do, where to do it... and what you'll be driving when you get there. In MY America, "We The People" say what companys succeed, and who hits the pits. Welcome to America.
4-10-2009 @ 7:01AM
jim said...
Zac Bissonette---You are an absolute, certifiable idiot.
4-10-2009 @ 11:48AM
babyraymond8 said...
Oh I'll write my congressman as the author suggests but I will be thanking them for buying American!!!
4-10-2009 @ 2:45PM
cnslawns99 said...
this guys an idiot .madoff took the money and ran .obamas says to buy american cars,and hopefully save a job for an american.just the usuall hipe the press does to get someone to read their junk.keep up the good work obama my 401 k is on the rise this last 3 months.you are doing something right.ps ,everything we buy should be american
4-10-2009 @ 4:17PM
ij70 said...
GM was created in 1911 or so, right?
What did we do before GM?
Buy the best product for your money, not the hype.
4-11-2009 @ 2:10PM
Ed Wysocki said...
Mike Kennedy, what the heck are you talking about. Rush fans are NOT anti-American. They care deeply about this country and want to see America back on top where it belongs. Our current administration seems to want us to bow and beg to other countries. The trip to Europe was a disaster. So the Great Leader or should I call him Dear Leader wants the US Gov to buy just GM cars? Sounds like big brother to me and should be to everyone else.
4-11-2009 @ 2:11PM
John said...
Why don't they take bids..what about Ford....they did not take and bailouts. Unfair to the others know that Obama is the CEO of GM