Friday, 8 February 2013

Well, I'm fucking stunned

According to this piece of genius journalism, Europe's carmakers are yearning for the Obama touch.

As bailed-out US manufacturers recover their poise and markets at the Detroit motor show, jobs and plants across the EU are vanishing due to falling demand

O RLY?

Just guess* which of the lines above represents the company that got the biggest bailout?

All the bailout has done is postponed the inevitable. In much the same way as Gordon Brown's desperate reinflation of our bubble led to a massive economic collapse, in much the same way as QE has failed completely to fix anything, Obama's "touch" is just another politician's "Reverse Midas".

Government wealth transfer from bottom-of-the-pile taxpayers to failing multi-billion dollar corporations: how does this make sense? What can possibly go wrong? Why do lefties shout for more tax on companies while simultaneously demanding that the same useless fuckers who can't actually make stuff that people want to buy MUST be propped up by people who can't afford to feed their kids?

Is there some kind of special medication that these people take or what?

Cunts.

4 comments:

Barnacle Bill said...

I'm guessing the blue line is GM?

The European car manufacturers are copying their American cousins with inventory stuffing.
You should see Zeebrugge, more and more of it's port land is being given over to car parking spaces.
With most of them full!

patently said...

Give them a few days, wait for the article about the evils of car use and why car companies should be hammered with extra tax & regulation.

Anonymous said...

Hi, i'm a visitor to this site from the Detroit area.

To say that GM was "bailed out", i'm afraid, is inaccurate. GM CONTINUES to be bailed out by the Obama administration.

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The Other GM Bailout - Wall Street Journal
h__p://online.wsj.com/article/SB10001424052970204653604577251461989702208.html

(link intentionally disabled)

Obnoxio The Clown said...

Good point.