GM SHAFTS BUYERS AGAIN

Hey, guess what? GM says that engineering or mechanical defects on automobiles built before their bankruptcy will not be corrected even if they are under warranty, because '. . . under the terms of the bankruptcy agreement, we don't have to. That was a different company. We're post-bankruptcy, and a different more enlightened and not responsible company."

Or similar words. Hard to believe? Read about it here.

So, if you're one of the 400,000 or so 2007 - 2008 Chevy Impala owners with defective spindle shafts, you - well, you're shafted. This is the official GM position. Oh, and the resale or trade-in value of your "old" GM vehicle? Tanked. In short, you are - I'll say it again - shafted. Who in their right mind would buy an unsupported used car that needs a factory recall that the factory refuses to recall? Who in their right mind would buy a product from any company, if they know in advance that the company has a history of not standing behind their products?

My take on the current typical GM buyer IQ is that it must be well below 100. If you're thinking of buying anything GM makes, and you're a regular reader of this blog, you're probably already thinking about what happens after the next round of Government Motors bankruptcies, coming soon to a dealership near you. If you aren't thinking about that, you probably don't read this blog very often. Welcome!

NEW AMERICAN SPENDING HABITS - A SUGGESTION

Our money - that which is still left after our government chops off what it wants - is our money, the tangible reward for our life energy expenditures. We get to decide how to spend it. Your Ostrich Killer, disgusted with what he's seen transpire over the last year or so, has decided to take action by voting with his slim wallet. The contents of his wallet will go to those businesses which operate without any government 'investment'.

Take the examples of Government Motors (formerly General Motors) and Chrysler. The Federal Government owns substantial part of each of those companies. The Poser in Chief, Barack Hussein Obama, personally fired the CEO of GM. Where in hell was the Constitutional uproar over that? The Federal Government has Board of Directors presence and tight oversight of both those companies, all in the name of protecting taxpayer money (spent to buy those companies so they wouldn't fail and thereby throw thousands of UAW workers out into the street where they belong.)

So using just the examples of GM and Chrysler, your Ostrich Killer will buy neither GM nor Chrysler products. As he does his research, he will find out whether other companies are owned in part by the Federal Government. And he won't buy.

The goal here is to help bring about the demise of any company in which the Federal Government takes any ownership or directorship authority. The touch of the Federal Government should eventually become an automatic kiss of death. Business belongs in the hands of entrepreneurs, not bureaucrats. They need to operate from cash reserves, not taxpayer dollars. They need to produce products that do well in the market place, not products that the government wants to force us to use.

For a broader approach to accomplishing the same thing, your Ostrich Killer will spend no money with any business that voluntarily took TARP money. Period. Real simple. For an outdated but representative discussion of TARP and a list of some recipients, you can check Wikipedia at http://en.wikipedia.org/wiki/TARP