There's no chance of the 'New GM ' failing with US and Canadian government backing and 20 billion of taxpayers money, is there Uncle Marvin?

With the 'New GM' launching itself out of chapter 11 bankruptcy after what they call a whirlwind 40 days of real solid work and into the stratosphere with other corporate luminaries this morning, you would think there would be an awful lot of fanfare and outright hoopla, well you're wrong on several counts. No not even the twenty billion they are getting to 'hold them over until economic conditions are right' or the complete backing of the Obama administration and the Canadian government are sending shivers of ecstasy up and down anyone's spine, it's more like the finale of two praying mantis' mating, that's where the female bites off the males head and eats him whole, in other words one party gets the really bad end of the stick and in this case the male mantis is the American taxpayer.

GM if you will remember was for many years the largest industrial company in the world, they lost the title to Exxon/Mobil and then went to work and won it back. It appears that somewhere along the way the title went to the heads of the heads of the 'Old GM' and they hatched a plan with their counterparts in the other US car companies to see who could produce the worst cars. Ford had the title for a while, recall the original exploding Ford Fiesta, followed by a string of ugly unreliable road boats. Then we have Chrysler who took the contest so seriously that they never made a decent car again. But GM wouldn't be outdone, and because of their size and resources they set about the task of not only producing the most lackluster line of cars in history but their corporate heads in a move to win hands down drove the company out of business.

To make sure the company moves forward in the 'right' direction Fritz Henderson the mild mannered CEO who has difficulty answering a direct question as to where GM cars will be manufactured (he always says "we would like to make our cars where we sell them") and is himself an old GM guy, has brought in the legendary Bob Lutz to help in reshaping GM or should I be saying, shaping the 'New GM', here's a little bit of history on this living legend. Mr. Lutz was the CEO of Exide Technologies until they filed for bankruptcy, was President of Chrysler Corporation where he developed the 'company saving' vehicles, the Dodge Viper, The Plymouth Prowler and the LH platform automobiles which all helped lead to Chrysler's demise. Wow, all this big auto industry news has really helped to solidify my opinion. GM has no chance whatsoever, they're are recycling the same doof's that brought down one company after another. I wonder how long it will take to get Rick Wagoner involved in some capacity.

Thanks for reading,

Definition of Cronyism; Favoritism shown to old friends without regard for their qualifications, as in corporate and political appointments.