Oh goodbye you evil greedy dinosaur.

Queen’s Comments: I just read an article written by Michael Moore in the Huffington Post that sums up exactly what happened with GM. An excerpt from that article follows at the end of the Queens Comments on this topic.

General Mills like many corporations and all extremely wealthy people live in an insulated not of the real world environment.  They refuse to  read the handwriting of change when it is written on the wall and stuck in their faces.  They are oblivious to seeing anything but increasing the bottom line of their profits and they will do anything and commit any kind of crime against the environment or humanity to maintain what they believe are their rights to a certain profit margin.  Greed and total disregard for the greater good of the majority–one of the basics of a democratic government–rule by the MAJORITY and not an elite select few brought them down.

AND it will continue to bring down more like them.  The multimillionaires in the Senate need to take a lesson from General Motors.

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Here is Michael Moore’s summary of GM and why they are bankrupt today:

“It is with sad irony that the company which invented “planned obsolescence” — the decision to build cars that would fall apart after a few years so that the customer would then have to buy a new one — has now made itself obsolete. It refused to build automobiles that the public wanted, cars that got great gas mileage, were as safe as they could be, and were exceedingly comfortable to drive. Oh — and that wouldn’t start falling apart after two years. GM stubbornly fought environmental and safety regulations. Its executives arrogantly ignored the “inferior” Japanese and German cars, cars which would become the gold standard for automobile buyers. And it was hell-bent on punishing its unionized workforce, lopping off thousands of workers for no good reason other than to “improve” the short-term bottom line of the corporation.”

MORE

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There is also more to it.  In the end GM became so crazed for making money that they morphed away from car manufacture and into a financial institution.

The world does not have room for dinosaurs.  This is a lesson that other dinosaurs like GE should be learning themselves.

Older articles on GM from the Queen:

Feb 26, 2009
GM has its hand out again.

Feb 18, 2009
Could you please repeat that? $30 billion for what?

Feb 14, 2009
Bankruptcy or Billions more in aid for General Motors–the company that killed the electric car?

Proclaim the Queen!

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