Posted on 11/19/2010 7:14:41 AM PST by AngelesCrestHighway
Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling their GM stock at the IPO price, the U.S. taxpayer will lose $10 billion on the deal, and that does not include the loans GM still owes, cash for clunkers, the Chevy Volt subsidies, or the millions of unseen costs the unprecedented intervention has inflicted on our economy.
He conveniently ignores the up-ending of long-established contract law to pay off his union buds at the expense of retirees who had all of their wealth stolen. Perhaps nothing exemplifies a banana republic more than the GM fiasco.
Amen. The subversion of contract law...the absolute basis for all commerce in our country...completely undermined.
It should be considered treason.
EVERY penny of "stimulus" and bailout money purportedly intended to "save jobs" has instead saved his supporters in the unions.
All this talk of GM's success is propaganda worthy of TASS during the cold war.
The ONLY reason GM even makes cars now is to service Union layabouts..
If you are expecting a good product to come from this toxic mix...
YOUR ARE DREAMING... a poisonous nightmare..
The Left may just want to keep quiet about GM.
The lies make the public want to vote the other way in upcoming elections.
You all know what GM can do with their Volt?....
Thanks for posting that. I’ve been waiting for some sane analysis. All the cheer leading yesterday made me want to throw up.
It’s too bad- GM finally makes some decent looking cars (the camaro looks sweet0 but i would never buy a government motors car.
I got a 1971 FORD truck for $1000 (that surprisingly survived the “cash for clunkers” program)
that I love
It’s too bad- GM finally makes some decent looking cars (the camaro looks sweet0 but i would never buy a government motors car.
I got a 1971 FORD truck for $1000 (that surprisingly survived the “cash for clunkers” program) that I love
Odumbass parses words better than Clintoon. The ‘toon lied to cover his own ass- Odumbo lies to trick the entire US populations.
Note that he does not say “The Taxpayers made money on this deal” he says “The Taxpayers are ‘positioned to’...” which means absolutely nothing and is a lie anyway.
Totally agree. I’d rather buy a classic 60’s pickup I can tow a boat with. A hell of a lot more horse power and it’s beyond the damn smog check.
What are they gonna say when GM comes back to Capitol Hill in a year or so and needs another “bailout”?.........................
Yea, and no one is saying much about the fact that one percent of that big sell off was bought by China. The old saying, “as GM goes, so goes the nation”. Well, there went one percent of the nation to China.
The whole deal stinks and the stench is hanging all over Obowma.....
It's being touted as the "car of the year" and GE is being forced to buy 10,000 of them for company cars.
Can't wait for that fleet of clunkers to hit the streets.
Wait until a Volt is hit by an 18 wheeler, and a gazillion volts of direct current shoots through the semi, into the load of fertilizer mixing with the diesel fuel, and turns into a giant cherry bomb.
In terms of build quality, GM products are now the best they've ever been, mostly because they are built of foreign made components and assembled by robots. The union workers are only there to man the lunchrooms.
I reject Government Motors because:
a) I've had uniformly poor ownership experiences with Chevy and Jeep.
b) If you buy a domestic brand (Ford included), you are contributing directly to Democrat election/reelection campaigns.
wow! that’s beautiful!
Do you know where I can find parts for mine? (1970 F150)
I have a broken front window and I am worried about finding glass for it
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