Ed Driscoll

If Only General Motors Had Taken General Motors' Advice

In “Progressives for Sale,” Bill McMorris of the Washington Free Beacon notes that “Secret corporate cash behind Obama-allied think tank, leak reveals:”

gm-logo-3A liberal think tank with close ties to the Obama administration took money from General Motors and other businesses it did not disclose while campaigning for policies benefitting those companies, according to The Nation magazine.

Members of the “Business Alliance” of the Center for American Progress (CAP) include bailed out car company GM, unsafe Bangladeshi factory utilizer Walmart, and embattled solar energy company First Solar, according to a membership list obtained by the liberal magazine.

CAP, whose chairman is Democratic Party power player John Podesta, was a major proponent of the auto bailout, which used $50 billion of taxpayer money to spare GM a traditional bankruptcy.

The month before GM entered bankruptcy proceedings with the backing of the federal government, CAP posted an article titled, “As General Motors Goes, So Goes the Nation.”

Well yes. Or to put it another way:

That’s a panel from Friedrich Hayek’s The Road to Serfdom, cartoon-style, a pamphlet which was published by General Motors, circa 1945. Too bad General Motors circa 2009 didn’t take General Motors’ advice from a half century prior. Of course perhaps they were unable to, given that…

I won’t give away the ending, but needless to say, like most of General Motors’ product today, it’s not pretty.