Midknight Review -- new and revised: In June the Obama Government increased its purchases from GM by 70%.

Fox News reports that the Obama Government increased its auto purchases from GM by a disturbing 70% in the month of June.

GM stock is down, again, selling for a nominal $18 per share. GM's IPO was set at $33 per share and the Feds need a stock price of $53 or more, to break even.

Understand that Obama's bet on Chrysler failed, that company being purchased by the German company, Fiat, at a loss of 1.5 billion dollars to the taxpayer.

At current trends, GM will fail, sometime at the November elections.

Update:
New headline:

GM Ramps Up Risky Subprime Auto Loans To Drive Sales...

Why is Obama doing this? Because his auto company is losing its "but , , it ain't true" with his craftiness at cooking the books.

Obama increases GM auto purchases for the government by 70%

Shares selling for 18 per share down from an IPO of 33 dollars and a "break even" return on the 46 billion "invested" in GM by the CEO wannabe, Barack Obama.

The media is touting good news for Chrysler sales. Never forget, that Obama sold Chrysler, in toto, to the German company, Fiat, at a loss to taxpayers of 1.5 billion. The profits for Chrysler are not related to this Administration but watch reporters forget this fact and give credit to Obama, nonetheless. Fox News did this, this morning.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

In June the Obama Government increased its purchases from GM by 70%.

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