RNC "Government Motors" Attack Ad/Commercial (Video)

Obama the hypocrite under fire!

Welcome To Goverment Motors (GM); Obama Comments On $30 Billion Government Takeover and GM Bankruptcy (Video)

Fyi...



Town Hall reports:

President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as "reluctant shareholder" when it assumes a 60 percent ownership of the smaller carmaker that emerges.

The president said he hopes GM _ once a proud symbol of American capitalism _ would emerge quickly from bankruptcy court, and pledged up to $30 billion in additional federal assistance to help it get on its feet.

The government's partial stake in GM comes on top of a far smaller ownership of Chrysler LLC, as well as significant federal equity in banks, the AIG insurance giant and two mortgage industry titans _ all victims of an economic crisis unrivaled since the Great Depression.

Republicans lobbed questions in Obama's direction even before he finished speaking.

"The only thing it makes clear is that the government is firmly in the business of running companies using taxpayer dollars," said House Republican Leader John Boehner of Ohio.

"Does anyone really believe that politicians and bureaucrats in Washington can successfully steer a multinational corporation to economic viability? It's time for the administration to fully explain what the exit strategy is to get the U.S. government out of the board room once and for all," Boehner said.

But the president said the actions were part of a "viable, achievable plan that will give this iconic company a chance to rise again."

Speaking at the White House, where he was flanked by Cabinet secretaries and top economic advisers, he added, "What I am not doing, what I have no interest in doing, is running GM."

The president said auto executives "will call the shots and make the decisions about turning this company around." He said the government would refrain from playing a management role in all but the most critical areas.

"Our goal is to help GM get back on its feet ... and get out quickly," he said of the federal government.

The Road To Socialism: In Depth Look Into GM Bankruptcy (Video)

so⋅cial⋅ism [soh-shuh-liz-uhm] –noun

1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.


GM’s equity would be majority-owned by the U.S. Treasury once the automaker’s restructuring plan is in place. It is estimated that the U.S. and Canadian governments will owe up to 70% of the company.

That folks, is socialism. Socialism refers to any one of various economic theories of economic organization advocating state or cooperative ownership and administration of the means of production and distribution of goods.

Next stop: communism. Get the bunker stocked up!



Read more at Bloomberg.

Spoof: First GM Vehicle Under Obama Administration Disintegrates (Video)

GM's First Vehicle under the Obama Administration looks a lot like his Presidency so far; falling apart at the seams!

VIDEO: Chris Matthews Calls Obama "Mr. Goodwrench"

More fallout from the Obama/GM soap opera...

...like sugar in your gas tank, these are the "days of our lives"...