The American People have their own car company. We own over 60% of General Motors. Ready to buy one?

The products have always been of sufficient quality. I own some old models. They are collector items. They get reasonable fuel milage, but not by today standards. They are definately not for a commute.

The problem with GM has been their unwillingness to build autos the American people demand. With a 60% ownership to this company, the American People should participate in a burgeoning new company that has yielded to the demands of our priorities to 'survive the day.'

That is a huge victory for the people of this nation. Mounting draconian capitalism meant destroying the entity before allowing its Pheonix. Not bad. The people of the USA are powerful when they adhere with dignity to their moral directives. How many other countries can make that statement? How many should?

I would encourage all Americans to scrutinize the achievements of the new GM, write the company and let them know how they are doing. It is our right to participate in our democracy.

Buy the cars. They are made with us in mind. Be proud of the product the USA produces.


I thank Mr. Lutz for his dedication to his maintain his role in a transitioning American company.

Thursday, July 9, 2009
Lutz to remain at GM as it emerges from bankruptcy (click title to entry - thank you)
...They are widely expected to announce structural changes marking the start of a new era for GM, which will also have a new name, General Motors Co.
Henderson told senior executives that the bulk of management changes would come at the end of July.
On Thursday, U.S. District Judge Lewis Kaplan cleared the way for GM to exit bankruptcy when he rejected a request to delay the sale of its valuable assets into an entity that will be the future GM.
GM's bad assets, including liabilities and brands it is shedding, will remain in bankruptcy and be sold off or liquidated.
Kaplan denied a request to stay U.S. Bankruptcy Judge Robert Gerber's ruling that allowed a Treasury Department-sponsored entity to buy the bulk of GM's assets.
The Treasury will own a 60.8 percent stake in GM, which hopes to launch an initial public offering in 2010.
Members of the White House auto task force are expected to hold a conference call with reporters tomorrow following the GM announcement. A United Auto Workers health care trust fund will hold 17.5 percent of GM; the Canadian and Ontario governments will hold 11.7 percent. Unsecured creditors will hold 10 percent of GM....