Another Reason to Boycott Government Motors

April 2, 2012 - By admin

April 2, 2012

Last fall, Government Motors assaulted the John and Ken radio show by pulling ads from the show because the talk show hosts favored restricting immigration. I wrote it about it then. If Government Motors had been a private company, that would have been no problem. Private companies can do what they want. But Government Motors, formerly General Motors, is owned 32 percent by the U.S. government.

Now, Government Motors is assaulting the Heartland Institute, a conservative think tank, because it’s a skeptic on global warming. Reported the Los Angeles Times:

“Citing its corporate stance that climate change is real, General Motors announced Wednesday that its General Motors Foundation would no longer be funding the Heartland Institute, a free-market think tank that has attacked human-caused global warming as ‘junk science.'”

Again, if GM were General Motors, a private company, no problem. But it’s Government Motors. It’s run by the fanatical “climate change” Obama administration.

It was just last month that global-warming fanatic Peter Gleick admitted he tricked Heartland into turning over to him internal documents, a clear violation of privacy laws.

GM even admitted its decision was based on the Gleick deception. The Times:

“The development is fallout from the release of Heartland Institute funding documents in February, which showed that GM contributed $15,000 to Heartland in 2010 and 2011. Peter Gleick, president of the Pacific Institute and a MacArthur “genius” grant recipient, revealed in February that he had assumed a false identity to obtain some of those documents.

“In a statement released to the press, Heartland Institute President Joseph Bast said: ‘The General Motors Foundation has been a supporter of The Heartland Institute for some 20 years. We regret the loss of their support, particularly since it was prompted by false claims contained in a fake memo circulated by disgraced climate scientist Peter Gleick.’”

It’s clear that the Government Motors action is payback for the Gleick scandal. The Obama regime is the head “climate change” advocacy regime in the world. It controls Government Motors. So it’s using Government Motors to undercut Heartland.

GM is the Yugo of American car companies.

If Government Motors is so concerned about “climate change,” it should go out of business and tell people to walk.

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Correction: The article was corrected on the percentage of GM owned by the government. Relying on Wikipedia, I originally posted it at 61 percent. It’s now 32 percent, as a reader (below) pointed out. However, GM also is partly owned by the UAW, now basically part of the U.S. government, and by the Canadian government. — John Seiler

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Comments(0)
  1. Beelzebub says:

    Did you hear the latest? The National Transportation Safety Board (NTSB) has recommended the ban of all hand-held and hand-free cell phone use inside moving vehicles WITH THE EXCEPTION OF THE ONSTAR PHONE SYSTEM THAT IS BUILT INTO GM CARS! What’s next? All GM cars are exempt from paying toll road fees?

    It’s only a matter of time before the GM CEO demands the immediate arrest and prosecution of George Zimmerman in the Trayvon Martin shooting! :D

  2. David says:

    Current sources say the U.S. owns 32% of General Motors, not 61% as the above story claims. Please correct your article.

    http://www.dailyfinance.com/2012/03/28/gm-government-motors-washington-obama-tarp-stock/

  3. Frank Harris-Smith says:

    GM got a bailout – then crashed and burned on the Chevy Volt

    Ford didn’t take a bailout and Ford is doing quit well.

    Simple difference in Socialism (GM) vs free market Capitalism (Ford)

    You can read about it in a book that was published before I was born: Atlas Shrugged by Ayn Rand

  4. Beelzebub says:

    David – over the last 3 years GM stock has dropped by 22%. Also, GM was allowed a $15B tax write off on their losses as part of the bankruptcy deal in 2009 which is not factored into your numbers. And don’t forget that they paid off part of the government loan with another government loan that is not disclosed on their balance sheet.

    How could they reduce their government ownership (debt) from 61% to 32% when their stock price declined by 22% since the date they filed bankruptcy?

    Please respond.

  5. David says:

    Beelzebub — The share of public ownership declined because millions of shares of stock were sold to investors, raising more than $20 billion for the company.

    http://www.reuters.com/article/2010/11/17/us-gm-ipo-idUSTRE6AB43H20101117

  6. Beelzebub says:

    “Beelzebub — The share of public ownership declined because millions of shares of stock were sold to investors, raising more than $20 billion for the company”

    David, was there a split in the shares? Answer: No.

    Generally when a stock is in demand the price goes up, David.

    As the previous poster stated clearly, the Volt was a total bust. They relied on Volt sales to boost company profits. It didn’t work.

    Look at the share price over the past 3 years from the date of bankruptcy, David. I repeat – no split.

    GM was and continues to be a dying company kept alive by artificial means.

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