Obama violated the law and stole about $20 billion in equity, bonds and receivables from GM stockholders, bondholders, suppliers and other investors. He then stole about $14 billion from tacpayers. All so he could bring GM down and turn it over to the United Autoworkers labor union.
GM should have been allowed to go into bankruptcy and restructure its debt and labor contracts. But that was not in the best interest of the labor union.
Obama isn't bright enough to figure this out on his own.
This was a plan thought out ahead of time and diagramed for him by the UAW and the banks that profited from this illegal takeover and redistribution.
Obama is an oily, crooked front man for the people who brought the US economy to the brink of collapse in the fall of 2008 and the people who destroyed GM.
He belongs in prison.
Well, yea, there’s that too.
The bailout was for the banks, not GM.
Wait, they will be back for more.
Bailout is the name of the game. Shift the losses onto the American Public.
It’s a sweet gig if you can get away with it....oh and still look at yourself in the mirror the next day.
>> “He belongs in prison.” <<
.
In a nutshell.