Jesse Jackson wants GM to protect minority dealers
Jesse Jackson is asking GM to establish an emergency fund to be
used for recapitalization, bridge loans, market development, and technical assistance for minority dealerships.
Jackson's request comes at a time when GM is suffering from declining market share and an uncertain financial future.
The National Association of Minority Automobile Dealers (NAMAD) reported GM ended 61 franchise agreements with
minority dealers in the first half of 2005.
According to NAMAD's 2004 dealer census, 774 of 15,374 General Motor franchises were owned by minorities and put GM in 12th place in overall percentage of minority owned franchises. The first place franchise was MINI, with 8.11% of their franchises minority owned.
Reader Comments (Page 1 of 2)
Jaymez 12:29AM (12/19/2005)
Fuckin' racist bastard. Why should a dealership get any special treatment just because it's owned by a person of non-white skin color? Dickweed.
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Chris 12:29AM (12/19/2005)
One word. Dumbass! Does he know he is living in a capitalistic society?
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Finished.Law.School 12:29AM (12/19/2005)
And he will call GM racist if they do not do it...
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Nick R 12:29AM (12/19/2005)
So the spread of percentage of minority dealers between 1st and 12th place is 3%? That is some heavy bunching.
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Whydrive 12:29AM (12/19/2005)
Jesse Jackson only looks out for his own pocketbook and PR. He absolutely lost any last shred of respect I had for him when he dared to defend TO's antics.
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the friendly grizzly 12:29AM (12/19/2005)
And just how much of this assistance will go to Jackson cronies, I wonder?
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Jimbo 12:29AM (12/19/2005)
I'll bet when Jesse Jackson says "minorities", he doesn't mean Mexicans, American Indians, Asians, or anyone other than "African Americans". He has his own agenda to promote. It's not like he gave a crap about the Koreans during the LA riots. Screw him!
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Rusty 12:29AM (12/19/2005)
Wow, The Reverend is at it again. I wonder how much he is going to make off this deal??
Has anyone ever seen The Reverand show up for something that was positive and good? I sure haven't. He manages to capitalize off the misfortune (or rather the percieved misfortune) of others. By the way does he have a church that he preaches at?
I've never heard him give a sermon or mention God. Jesse's business is getting into other people's business and extorting money from large companies that are keepin' folk down.
General Motors is in enough trouble with the bloated benefits packages paid to its workers. Like it needs this clown stirring up trouble with its dealers.
Anytime he shows up, get out your wallet, the Reverand is takin up a collection.
Good luck GM!!
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motorman 12:29AM (12/19/2005)
he is not even a ordained preacher,he never finished the schooling.
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2Suave 12:29AM (12/19/2005)
Jesse Jackson is the worst type of scum who feeds off the people he says he protects.
Jackson is an shakedown artist who intimidates corportations that are scared to death of some black backlash if the corporations don't hand over money to him. What a phony!
There should be an especially hot place in hell for this consummate asshole.
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Rastus 12:29AM (12/19/2005)
Jesse...Mah Man Jesse...don't you have some bean pies to sell out there on the street corners?
...and show some respect...put on your bowtie! Afterall, we's talking about Chevrolet, heah?
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Teve Torbes 12:29AM (12/19/2005)
Who cares about dealerships, minority owned or otherwise. Frankly I hate dealerships and the legal monopoly they hold on the way you buy a car. I'd like to see the all folded and be able to buy my car directly from the manufacturer. Free markets are all about tearing down the roadblocks the stand in between commerce. If dealerships fall in the face of free markets, good riddance.
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Apparently Not A Minority 12:29AM (12/19/2005)
Also, some groups that you might consider 'minority' aren't considered minority by the standards out there. For instance an Iranian friend of mine was unable to recieve assistance to start a dealership since Iranians are not a minority since they are considered 'white'. I always considered a minority an ethnic group who does not have a majority presence in a particular area. But I guess only blacks/oriental asians/native americans/hispanics are considered minorities (though I've encountered many hispanics who looked plenty white). Anyway, where was Jesse when my Iranian friend needed help? Screw Jesse.
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John Anderson 12:29AM (12/19/2005)
Why only protect minorites. If you are going to protect some people, protect all dealers. This is just another attemt at racism in this country. And again it's a black man presenting it. What church does Jessie Jackson preach in.
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Jeff Gilleran 12:29AM (12/19/2005)
I agree John.
Its selective protection only.
I totally disagree with it as its definately going to tick off other hardworking men and women.
And of course, of all ethnic groups, not just a blackman who owns a dealership.
A pie in the face of everyone who sells GM.
Rev, show you arent one of those financially motived scum lords hiding behind a bible and calling it "the lords work".
Ditto, "Screw you". (As #2 "Jimbo" says).
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Kevin Lunceford 12:29AM (12/19/2005)
wouldn't it be more productive to ask "minorities to buy American?
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Disgruntled Car Salesman 12:29AM (12/19/2005)
Sounds like Teve Torbes got his guts ripped out in a deal at a dealership because he can't negotiate. Tough luck pal, dealerships are here to stay and there is no way around them. You want to buy a new car, you gotta see us.
Jackson has a serious problem. Especially in this case. He is trying to get money out of a company that doesn't have any. If anything, GM needs to close more dealerships, not open more or worry about the amount of minorities. If GM wants to survive in this game, part of their imminent restructuring is to CLOSE more dealerships.
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Glenn 12:29AM (12/19/2005)
go and have another affair Rev.and stay out of the car business. Minority dealers sink or swim just like any dealer. Take care of business, or close the doors. Cruel? That's the way it is in America.
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Joe 12:29AM (12/19/2005)
As a black friend of mine once said-
Jesse Jackson is a professional black, as opposed to a black professional.
Jesse, please STFU!
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Trenton Lipscomb 12:29AM (12/19/2005)
> Can't negotiate... dealerships are here to
> stay and there is no way around them.
That's some progressive, competitive thought. Do you work for Jackson?
I'm sure bank mortgage officers said the same thing about home loans. Now you can buy a mortgage online for way cheaper than a bank ever provided.
(Don't forget about bank tellers and ATMs, too.)
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