Obama:our policy saved GM

AP ^ | 11/18/2010 | AP

[Huskrrrr]

President Barack Obama on Thursday celebrated the return of a reborn General Motors to the U.S. stock market, saying it shows some of the "tough decisions that we made" during the recession are payingoff.

[oust the louse]

“To me, this was a really awful first day performance of a supposedly hot IPO, and doesn’t seem to bode too well for the stock in the coming days.”

If any of my mutual funds have this tossed into them I am out as quick as you can say Obama is a buttwipe.

[Freedom56v2]

Zero screwed the bondholders and saved the union. GM should have gone thru bankruptcy; reorganized under competent management and de-certified the union.

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I agree—I don’t understand how it was legal to screw the bondholders and stockholders and now offer a new IPO