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.

Today's Mind Boggler

I am providing a link so that you can see just a fraction of the paper trail of where your tax money will be going. These are all the funds promised by our government in this time of recession. Now I don't think their information is entirely accurate, considering that we know it is more than 7.5 trillion dollars that has been borrowed and printed for these people/corporations.

http://www.cnnmoney.com

Go to their bailout tracker and take a look. I am certain that it will boggle your mind.