Bullshit patrol: Obama administration spins 1,100 GM dealer closures as ‘consolidation’
It’s not unexpected news that General Motors today started notifying some 1,100 dealers that they no longer want to do business with them, as we’re learning today, so why does President Barack Obama’s minions feel the need to euphemize the job losses?
Here is the top of the news release from Treasury:
Treasury Department Statement
on GM Dealer Consolidation AnnouncementWASHINGTON – Today, General Motors initiated the dealer consolidation plan it laid out in its interim plan on April 27, 2009.
Under that terminology, we’ve got one helluva jobs consolidation situation going on right now.
The real story, from CNN/Money:
General Motors notified 1,100 of its 6,000 dealerships Friday that it is terminating their contracts with the struggling automaker, the first step in cutting up to 40% of its retail network.
GM spokeswoman Susan Garontakos said that the dealers receiving notice Friday are being told that their contracts will not be renewed in October 2010. Many of them are expected to close shop this year.









