At the end of last year, General Motors said it needed billions of dollars in public money in order to survive. It was in the public interest, the corporation said, because if it didn’t survive, people would lose work. So, General Motors took the billions in public money, and then fired a whole bunch of people.
Now, General Motors is back, begging again. They’re saying that they need billions of dollars more, so that they can survive, so that GM workers can keep their jobs. At the same time, GM is announcing plans to fire 47,000 of its workers.
It’s kind of like hearing from a compulsive gambler that he needs 10,000 dollars so that he can pay off his bookie and go clean, and then hearing three months later that he needs another 20,000 dollars to pay off his bookie, for his new gambling debts.
General Motors wants public money? Fine. Let its shareholders take the money they want… in return for handing the corporation, lock stock and barrel, over to the federal government.
Then we, the people, can adjust the machinery of General Motors to build a new generation of sustainable transportation, such as high speed trains and hybrid engine buses. There’s no reason for us to pay for the inefficient fossil fuel engines that are wrecking our economy and our planet.