Dismantling GM and the Constitution: Driving Over The Cliff Together

To My Fellow GM Investors (formerly known as Citizens of the United States of America),

Today you and I have become willing participants in the further erosion of the Constitution and the outright violation of over 200 years of case law:

A Matter Of Law

"So the government, with roughly two times what private bondholders have on the table, gets a stake five times bigger. And the union, with about a third as much "invested," gets a 70% bigger stake. Even the Canadian government, with its $9.5 billion "invested," ends up with 12%."

No politics at play here, and frankly I am appalled at the suggestion of impropriety, shocked I tell you! It seems rather straight forward, and consistent with Obama's "spread the wealth" philosophy. You and I, as new shareholders in GM, should be thankful that someone as benevolent as President Obama, and his crack team of advisors, is looking out for our best interest. We can all sleep better tonight (as long as excessive drinking and sleeping pills are part of our nighttime regiment), knowing that the full weight of the US Government is behind GM (or in this case, on top).

As a fellow shareholder, we should also feel confident that a 31 year-old college graduate and former Obama campaign staffer, Brian Deese, has been task with overseeing the dismantling of the former grand lady of the automotive world. Forget the fact that Deese has NO EXPERIENCE at running a business, let alone has ever stepped foot in an automotive plant; although rumor has it he just got his learners permit. Familiarity and expertise are both highly overrated anyway.

Deese's selection should be an indication to us all of President Obama's keen business suave, and commitment to taking the automotive crisis seriously. Deese, who served as one of Obama's attack dogs during the presidential campaign, is "just too smart to fail (now the official motto of the Obama administration)."

But fear not my fellow automotive titans, not only do we have President Obama and wiz kid Deese taking care of our company, he have the Duke of Delaware in our corner as well:

Biden's Top Economic Adviser Says Getting Congressional Authorization for GM Bailout is 'Not a Concern' of the Administration

That's right, why worry about our representative form of government, we have a bloody car company to run! Besides, we will just have to wait until the next shareholders meeting to make any changes to the newly appointed board of directors, formerly known as the Democratic Congressional Caucasus, which is currently scheduled for November 2, 2010.

In addition, why should we be concerned that most economists believe this latest move by the Obama administration will scare away customers? How dare they question our leader and his sidekicks?

A Nationalized GM May Drive Off More Customers, Economists and Consumers Say

So until the holiday party, keep checking the mailbox for your dividend checks, and thank God every day that you live in a country where one day you are a regular schmo, and the next day the owner of your very own car company!