Obama Ignoring GM "Toxic Debt"
Most of GM's problems are truly "toxic debt", in the same way that you have so-called "toxic debt" caused by greedy bankers and delusional home-buyers.
The fact is, the evil Rick Wagonner actually radically improved the quality of the GM product, and made deep cuts in costs.
Unfortunately, GM is awash in "toxic debt" to pensioners and labor unions. Obama is apparently uninterested in that particular "toxic debt".
But apparently spending 400 billion dollars on bailing out delusional home-buyers, who have bought homes that they can not afford, is more important than keeping a couple of America's biggest and most important industries alive.
Hello third world America!!! What do we need these big, klunky, giant corporations for? The Japanese and Chinese can manufacture everything for us cheaper. No need for people to work at jobs that actually produce real things.
All of America can get wonderful new jobs in ObamaLand!!! Yes, ObamaLand, land of endless windmills! Land of millions of new, undefined "green jobs".
And it will all be paid for by those EVIL people who make more than $250,000 a year. If there are any left, the way things are going.
If Canada wasn't so freekin cold, I'd pack up and move there now
The fact is, the evil Rick Wagonner actually radically improved the quality of the GM product, and made deep cuts in costs.
Unfortunately, GM is awash in "toxic debt" to pensioners and labor unions. Obama is apparently uninterested in that particular "toxic debt".
But apparently spending 400 billion dollars on bailing out delusional home-buyers, who have bought homes that they can not afford, is more important than keeping a couple of America's biggest and most important industries alive.
Hello third world America!!! What do we need these big, klunky, giant corporations for? The Japanese and Chinese can manufacture everything for us cheaper. No need for people to work at jobs that actually produce real things.
All of America can get wonderful new jobs in ObamaLand!!! Yes, ObamaLand, land of endless windmills! Land of millions of new, undefined "green jobs".
And it will all be paid for by those EVIL people who make more than $250,000 a year. If there are any left, the way things are going.
If Canada wasn't so freekin cold, I'd pack up and move there now
posted by Jack W. Orf | 12:36 PM
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