GM Fakes Bankruptcy

I was just reading through the April 2009, edition of Fast Company which has Facebooks cofounder Chris Hughes on the cover. While skimming through the magazine I came across the article; "10 High-Octane Ways to Rev Up the Car Business". It lists some obvious ideas that have been around for the better part of the last quarter century like "Buy Electric", and "Cash for Clunkers", but as I read further I came across the horrifying suggestion of "Fake a Bankruptcy".

They have Maryann Keller who is an analyst and principal of Maryann Keller and Associates; board member, Dollar Thrifty Automotive Group, quoted as saying: "The industry needs to go through a restructuring. A legal bankruptcy could be long and messy. A prepackaged bankruptcy where the process is expedited and structural changes are negotiated ahead of time would be the best outcome."

Keep in mind that this magazine has been out for over a month now since it is the April edition, but isn't GM doing that right now as we speak? The people who run that company have more than enough funds to keep their "ship" floating, however, how dare we suggest that they be accountable for their own actions and dip into their precious, billion dollar, personal profits. I mean isn't that what public funds are for? Aren't we supposed to give it freely to private corporations? Forget job creation, social services, education, and the environment, the economy will fix it all! erghh when of course the the economy fixes the economy, ah wait are we supposed to fix the economy? Or is the auto industry supposed to? Wait it's the banks! The banks will fix the economy, we just need to build a bunch more houses, and sell them to people who can't afford them and BAM! Right back on track, because that is what our best and brightest do, right? They screw over their own country.

I have a better idea. Let's actually hold the people responsible who have been the decision makers for the auto industry. Let's send the message that Americans actually practice accountability, and not just repeat the word over and over, in order to win elections. Let's take their money for a change, and really fix the problems that face our country and the world.

In order to make the United States a stronger nation, we must organize and use our strength in numbers to speak out against corruption and other unethical practices. Otherwise we live in a place where it's Socialism for the rich, and Capitalism for the poor.