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