Hey Wagoner! Yer outta here!!!

The markets are in the can today after the joyous tidings that Rick Wagoner was “stepping down” as CEO of GM.  Monday morning happened exactly as everybody thought it would.  The cable news hair-and-teeth were talking about the abrupt resignation of Wagoner and the pending statement from The Obama.  The Obama TelePrompTer (“Obamaprompter?”) scrolled hopeful words telling the President to say that these auto companies can’t exist on an endless flow of tax dollars, but must come to stand alone and survive.  Yes.  Obviously.  Thank you.

But let’s not be bored with just the latest auto sector news.  Something big happened this weekend.  Read the rest of this entry »

It’s hard not to chock on my bacon-and-egg salad sandwich (seriously, it’s good) when I read about GM workers voting on their cost-cutting contract. How will the auto workers survive through all the sacrifices they will have to make to save their companies and jobs? I like to think of myself as a level-headed person, but it’s one word in a printed news story that set me off on this one; reluctantly. As in, “… many (auto workers) saying they supported the agreement, albeit reluctantly.” (KRISTINE OWRAM, The Canadian Press) Maybe it’s because I’ve spent too much time in being whipped by my capitalist pig overlord in the private sector, but I’d be ecstatic for the chance to choose to save my job. Where I come from, the “cost-cutting contract vote” is usually more like a “closed door one-on-one with my boss where he hands me a brown envelope and wishes me the best.” I wouldn’t “reluctantly” vote to save my job. I’d grovel for it. Read the rest of this entry »