Day By Day

Monday, December 09, 2013

Government Motors

From Fox News:

The Treasury Department on Monday announced that the government has sold its remaining shares of General Motors and that losses from the 2009 auto industry bailout total about $15 billion.
It's just $15 BILLION dollars.  Nothing to see....move along now.

Plus, don't forget how the UAW got their claws into the company's equity. How bondholders were stiffed by flagrantly illegal disregard of bankruptcy law all to reward the union cronies of Obama.

Exactly how did they put it....oh, yes.  "Bin Laden is dead, GM is alive".  But Detroit is in bankruptcy.  Watch for Obama to try to send a federal bailout in that direction too.

Government Motors.  The forerunner of Government Medicine.  All coming from those enlightened folks who know what's best for you.

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