A few days ago, I heard on National Public Radio the story about General Motors’ long standing perk consisting of free company cars and free gasoline for 8,000 of their white collar employees. This nice give-away, also called “Product Evaluation Program,” only cost each participant $250 per month and requires they report any problem with the vehicle back to the company as soon as it develops. Against a monthly $250 “administrative fee” employees can enjoy that wonderful plan.
The problem of course, is that we, the taxpayers, are footing the expense since we’re helping keep the giant automaker afloat. Just like Wall Street, GM’s is not getting it; not only that, but its “product testing” is never going to get the Detroit firm to ever design the kind of advanced cars the world now wants. GM even has the gull to respond to detractors of that dysfunctional program that “other car companies have similar plans” albeit without free gas. If you ask me if we should continue to throw more government money at this dinosaur, I guess you got the answer…
Sunday, March 29, 2009
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