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Saturday, December 06, 2008

Only In A Democracy:Rewarding Incompetancy

Giving more money to Rick Wagoner is only prolonging the inevitable and will make it harder and more costly to save Gm. Congress should have had the guts to just say no. Gm's stockholders and board of directors refused to get rid of him even though he was destroying the company and now Congress will continue to let this laggard linger on. Why? Because we live in a democracy. One hand washes the other. But what ever poltical system the U.S. has it isnt working and soon will be replaced unless the automobile situation is settled succesffully. Giving Wagoner money isnt the way to do it.