Central Planning 101
Written by Brian Garst, Posted in Free Markets, Government Meddling
When foolishly given the task of running a business, Congress critters can be counted on to place political interests ahead of business interests.
By a unanimous vote, a U.S. House committee has approved a measure that would restore 2,100 dealers either cut or scheduled to be closed by General Motors Corp. and Chrysler Group LLC.
The vote comes amid growing support in the House for the proposal, with more than 200 cosponsors signed on to a similar bill. Dealers will hold a lobbying event next Tuesday to press for the plan in the House and Senate.
The bill would turn back the clock to before the companies filed for bankruptcy, restoring the 789 dealers cut by Chrysler and 1,300 dealers GM chose to wind down.
…“This legislation, if passed, would put our long-term viability at risk,” said GM spokesman Greg Martin.
Daniel Ikenson at Cato@Liberty calls for a boycott:
What makes these actions evil, and not just stupid, is that Congress really does not care about whether GM is profitable or not. The Henry Waxmans of the Hill only care that GM produces green vehicles, regardless of their exorbitant costs of production and scant consumer demand. And the John Dingells (among whom are included the 200 sponsors of the bill to restore the dealerships) only want GM to provide jobs, regardless of the fact that GM needs to scale back its labor force substantially to even approach the realm of commercial viability. In other words, Congress demands that Americans subsidize GM because GM’s short-term viability is good for their political fortunes.
Enough. Show Congress that you won’t comply and that you won’t be pawns. Boycott GM. Boycott GM until the government relinquishes its grip on the company’s decision making process.
I gave my own reasons for boycotting GM last month.