GM Apologizes in Auto Mag; Says They'll Do Better and Greener

On the surface, such an apology from such a corporate giant might seem like too little too late. But it does communicate that GM does understand the U.S. Taxpayer's hesitation to loan them money.

Yes, GM has been "burning cash" at at a rate or $2 Billion per month in losses recently. Sounds real bad, doesn't it? But think about this:

Our President Bush and Congress have been "burning our tax dollars" at a rate of $10-$12 Billion per month on the War in Iraq and Afghanistan for over 5 years!!! For all of our tax dollars, we still have not captured Osama Bin Laden. We really are not any safer with our open borders. The "surge" was a helpful improvement, but not a victory in any way.

Maybe President Bush and every member of Congress who voted for the war resolution on Iraq in late 2002 should give an APOLOGY to we, the American taxpayers!!! The President and many members of Congress have looked the other way while war profiteering and waste, fraud and abuse of our tax dollars has occurred (and is still most likely happening)!!!

Now that GM has given us an apology, when are we going to get the same respect from President Bush and Congress??? I'm waiting...

I intend to buy another General Motors vehicle in 2009 (Chevy Malibu or Pontiac Vibe). I would rather invest my dollars in my homestate of Michigan than turn over my hard-earned money to the theives on Wall Street!!!

Yes, and why haven't we heard an APOLOGY from the Wall Street investment banks that have gotten bailed out, despite their involvement with oil speculation (remember $4 gasoline)???

Why haven't we heard an APOLOGY from the Wall Street ratings agencies? These so-called Wall Street ratings gods gave General Motors "junk bond" status 2-3 years ago, but then turned around and gave AAA Ratings to toxic securitized mortgage investments, CDOs, and other risky financial schemes.

The Congress finally asked GM, Ford and Chrysler some tough questions. Well, that is their job, and I am glad they are finally "starting" to do it. But Congress needs to give more oversight, and start asking more tough questions about Wall Street firms, and military contractors and war profiteers.

The auto CEO "corporate jet" question is a red herring. How did McCain and Obama get to all those campaign stops? Did they drive hybrid cars? No, they flew on donated corporate jets.

If the auto CEOs work for $1 a year, will Congress work for a $1 a year to help reduce the Federal budget deficit? Will Congress members give up their health care plans until they solve the problems in U.S. Health Care system?

I'm still waiting for a written apology from Congress and President Bush...

The American people need to also start asking tough questions to our new Congress and President come January 20th, 2009.

Ron Pulcer of VT 6:08PM December 11, 2008