GM IS ANOTHER ANCHOR

around the neck of Team Marxist. Watching Obama run his ship of state, aka The SS Obamatanic, is like watching the SS Titanic hit the iceberg, ring up full speed astern, then go flank speed right back into the iceberg, in an obscene version of “Groundhog Day.”

Dumbo the Clown continues to play venture capitalist and if this idiot was using HIS MONEY, he’d be living in a cardboard box somewhere about 10& I street, his picks have sucked so bad, i.e., Solyndra! So Dumbo screws the bondholders of GM stock, violates bankruptcy laws in order to help his homies in the UAW, and here we are on the final lap where GM finally shits the bed.

EXCERPT:  “The federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion. Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.”

So the Obama Cartel is as trapped here as they are with Gaffes Biden as veep. They cannot shitcan Biden because THAT would make it look like the GOP and Palin are manipulating Dumbo and they cannot shed their position holding Government Motors’ stock because then THAT would make Lord Barry Kardashian look like he “acted stupidly” and Lord knows, we cannot be having THAT! Little Lord Barry will be driving this clown car right into a brick wall!

GM will be back to the government trough for more of the taxpayer’s money if Lord Barry is reelected but thankfully, THAT prospect diminishes every single day that Team Dumbo opens their oral sewers.

                   
                       UNION WORKERS EATING AT THE PUBLIC’S EXPENSE

 

SAVED ROUND:  WEEKLY UPDATE ON OBAMA’S SUBVERSION OF THE LAW
http://www.judicialwatch.org/

http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/

11 thoughts on “GM IS ANOTHER ANCHOR

  1. Sure hope you all are right. And living in the Peoples Republik of Maryland can only tell you that me and my family are doing our best to get people to wake the hell up. Thanks for all you do Gunny! I see you have over 75K visits to your site, very encouraging! God bless

    • Linda,

      Thanks. I feel for y’all living in MD. PG Co is one big shithole, I know, I used to work there.

      It is folks like YOU getting out the word in BLUE STATES that make the difference. Up here, we HATE liberals and are working to throw the remaining Democrats like Les Garra and some Marine Corps poser out of office.

      Yeah, considering I’ve had to restart my site a few times, I should be around 500K hits, not that I care. If I had ONE person reading, that would be enough.

  2. I wouldn’t bet on him taking Michigan. He will get the Detoit area,especially here in the PRoAA, but the rest of the state most likely will go Romney. All depends on how well the SOS can stop the fraud. We have to show ID,but the flaw in the system is the affidavits. As to GM,from what some of my contacts are telling me,morale is about as bad as it gets. Design and engineering staffs are pretty much hamstrung,doing things the way the old GM did. I had sent you the link,but don’t know if you got it. I had computer glitches yesterday afternoon.

  3. I own a pregovt motors Chevy. Who the F would want any thing they make now?
    Shoot if that lying stinkin filthy angry(new code word) illegal extortionist osodomite kenyan was that broke I bet George wouldn’t let him move back in the family hut. His aunt or uncle wouldn’t share their govt paid housing and ebt’s in Boston either. He sure put enough American’s living on the street the last fifteen years of his illegal activity so I think a cardboard hut might be too good for the sob.
    I couldn’t believe anyone in their right mind would want to tie their name to the biggest enemy of the country behind only osama. In a sane world in November he will lose at least 56 of the 57 USA he so muslimy dreams of.

Comments are closed.