01 June, 2009

GM Bankruptcy

Both GM and Chrysler have filed Chapter 11 after receiving extremely large amounts of stimulus money from President Obama, and our President has decided to give GM even MORE money out of tax payer pockets! Obama is claiming the government to be "reluctant" shareholders, which I seriously doubt. GM has already received 20 billion dollars in bailout money to no avail, and now Obama is giving them 30 billion dollars more, giving the government 60% ownership of the corporation. If that doesn't open your eyes to Obama's socialist agenda, then I don't know what will.