Something’s Smelly At GM

It got little attention, but GM's decision to launch its new fragrance line in honor of Cadillac's 100th anniversary may go down as one of the most absurd moves by a troubled corporation ever. No doubt they kept a team of highly paid MBAs busy for months with the project, while the car end of their business was imploding faster than a black hole.

Is this what we get for our money — the $51 billion we taxpayers have ponied up to bail GM out of its self-inflicted woes? "Cadillac, the new fragrance for men," doesn't seem like much to start the "New" General Motors Corp. on. Likewise, it's never good to see that, amid all the cutbacks, GM's lobbying budget remains virtually untouched. We guess the new "Government Motors" needs the political clout. More...

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