General Motors, Without The “Motors” Part
GM "Government Motors" now run by Hugo Chavez - can you tell the difference?
By Guest Column Dr. Monica Crowley—— Bio and Archives--June 4, 2009
American Politics, News | Comments | Back To Full Article
[June 1] President Hugo Chavez announced the simultaneous bankrupcy, restructuring, and nationalization of General Motors. This is the latest in a long conga line of nationalizations by President Chavez, who repeatedly claims he’s reluctant to do any of it. Like every socialist before him, President Chavez claims he doesn’t REALLY want to run the auto industry, or the banks, or the housing sector, or the health care industry, or the…. But he’s being pushed into it by circumstances so dire, so desperate, so epic that ONLY President Chavez can handle it.
And so, President Chavez stepped before the cameras today in Washington and announced that he was taking over General Motors. Not because he wants to, of course, but because he has to. He’s a reulctant auto executive, but his country needs him. His country is crying out for him.
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