by the Gunny because this moron is fucking NUTS!
EXCERPT: “PUEBLO, Colo. – President Obama, while villifying Mitt Romney for opposing the auto industry bailout, bragged about the success of his decision to provide government assistance and said he now wants to see every manufacturing industry come roaring back.
“I said, I believe in American workers, I believe in this this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”
This moron BUYS Government Motors, voids the contracts with the bondholders (illegally), who then get SHAFTED by not getting a penny for their investments, and then he turns it over to the UAW, who then proceed to get drunk and high on their lunch hour! Moreover, the IPO for Government Motors was overrated and plummeted to where the taxpaters got screwed hard and fast.
In fact, WE the TAXPAYERS got F*CKED to the tune of TENS OF BILLIONS in losses!
Only an INSANE FOOL would call THIS a success:
“Three years ago his administration invested more than $100 billion in taxpayer money to bail out General Motors. On Tuesday, the entire company, not just what the government owns, was worth less than $34 billion.” John Lott May 16, 2012
EXCERPT: “The money the government spent adds up quickly: $50 billion in TARP bailout funds, a special exemption waiving payment of $45.4 billion in taxes on future profits, an exemption for all product liability on cars sold before the bailout, $360 million in stimulus funds, and the $7,500 tax credit for those who buy the Chevy Volt. GM’s share of other programs is harder to quantify but includes, for example, some of the $15.2 billion that went to Cash for Clunkers. Those costs are in addition to the billions taken from GM’s bondholders by the Obama administration.”
Dumbo gives out tax credits for a piece of shit called the Chevy Dolt, costing us MORE money, to the tune of about 50-60K of TAXPAYER MONEY for every job saved or created!
FACT: Toyota’s Rav4 (which the Gunny recently bought one of) was UP 75% over Government Motors in sales in July! Why? Because they build a car that has a 95% RELIABILITY rate, doesn’t rust out, and DOES NOT SET YOUR GARAGE ON FIRE! BTW, the government has wasted MILLIONS of taxpayer dollars on buying the Chevy Dolt, and letting them rot in GSA parking lots from sea to shining sea. Thus, the bailout CONTINUES unabated!
FACT: That bailout LOST about 100,000 jobs as Lord Barry Kardashian closed non-donor GM dealerships by edict!
Dumbo is INSANE! He needs to be kicked out of office on 6 November and banished from the US forever! Send the fucking asshole back to Kenya, Indonesia, or wherever the scumbag is from.