Obama bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
The headline does not begin to tell the whole story. Obama's forced bankruptcy of General Motors raped the retirement funds of teacher and police unions, whose life-savings were wiped out in the bankruptcy deal that gave the unions 60% control of the company. Those retirement funds were part of "guaranteed" stock options that insured that the teacher and police unions would be paid first in the event of a disaster . . . . . until Obama came along, that is, and began his personal campaign to bolster the failing unions of this country.
We have this "14 billion" loss added onto a 11 billion loss in recent stock sales and 6.6 billion taken from heaven knows where (I think Fannie Mae) to "pay back the government loan 5 years ahead of schedule," last January. No one believed that wild story, then, and now, we are finding out that the car company may be going down "for the count."
Charles Krauthammer and the rest of the anti-Palin world should just sit down and shut up. "She doesn't policy." Anyone seriously think that she would have been so profoundly stupid in dealing with the economic crisis we continue to experience ??
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