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#2937863 - 09/10/12 07:17 AM The Democrats' GM Fiction
BMan
16 Point


Registered: 02/06/06
Posts: 10578
Loc: Middle TN

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This should actually be posted in the General Forum, because the lies and damage to America affects every one of us. However, since the title lists the name of the (D)estructive party, I'll post it here.

The Democrats' GM Fiction

Great article, and well worth reading.

Probably too much truth in this article for the resident libtar(D)s.

Democrats have nonetheless made one of the most abusive episodes in the entire bailout era their economic cornerstone: the government takeover of General Motors.

President Obama’s unique contribution was effectively to nationalize the company, seeing to it that the federal government violated normal bankruptcy processes and legal precedent to protect the defective element at the heart of GM’s troubles: the financial interests of the UAW.

Obama did for GM what he is doing by un-reforming welfare: creating a dependent constituency.
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Rules are for people who lose fights.

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#2938090 - 09/10/12 10:51 AM Re: The Democrats' GM Fiction [Re: BMan]
ChippewaPartners
10 Point


Registered: 08/25/01
Posts: 3039
Loc: Pamelot, my farm near Catoosa

Offline
In all fairness to Obama...

GM didn't build those losses. Taxpayers did.
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#2938282 - 09/10/12 02:12 PM Re: The Democrats' GM Fiction [Re: ChippewaPartners]
TOW
10 Point


Registered: 06/29/05
Posts: 4246
Loc: Back 40

Offline
Good thing these aren't selling or we would be losing more money..

http://www.reuters.com/article/2012/09/10/us-generalmotors-autos-volt-idUSBRE88904J20120910

Loss of $49,000 for each Volt...
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