It is incomprehensible but yet it is true. Here we sit on June 1, 2009 and GM-- a company that is synonymous with America--is now owned by America and the unions who were instrumental in the downfall of the once-proud manufacturing behemoth.
We now own stakes in banking firms, insurance firms and now two automobile manufacturing firms. in short, we've become a socialist nation that nationalizes industries under the guise of saving them.
There once was a time that a company that couldn't survive was allowed to claim bankruptcy, work deals out with their creditors and then re-emerge slimmer and more productive. Not so anymore; Obama saw his opportunity and he took it. He gave the unions a gift and men and women who invested their hard-earned money the finger. It's a sad day to be an American in what is now fully Obamanation.
Michael Moore--as usual--gets it as wrong as anyone could. Other thoughts here.
Monday, June 01, 2009
Whither America? GM Now Government Motors
Sphere: Related ContentPosted by Scott at 4:27 PM
Labels: Auto Bailout, Government Motors, President Obama, Socialism
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