Sunday, September 4, 2011

More on Government Motors

Gary Jason

Earlier this year, President Obama went on one of his gloating tours, touting the wisdom of his nationalization of General Motors and Chrysler. Theirs was a corrupt bankruptcy that strongly rewarded the UAW, one of Obama’s major financial contributors. The new GM then posted a few months of improved sales, leading to much crowing by all the corrupt cocks. But lately, the road for what is derisively termed “Government Motors” has become rather bumpy, as illustrated in a recent story.

And of course, back in March of 2009, as GM headed toward bankruptcy, Obama promised that in any action he took to “save” GM, consumers would have their warranties honored. As he trumpeted at the time, “Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like [sic] always. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty!” Another Obama lie, of course. He stood behind GM warranties about as much as he has stood behind the American dollar . . . Meanwhile, shares of the New GM hit a new low of $22 a share.


  1. Government + Corporatism = Fascism

    Peter Schiff has warned about this for years. All businesses should be allowed to fail to matter how big.

    Anything else is a corporate state. We are, of course, a corporate run Empire for profit.

  2. Obama Lie !?

    Never !


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