Posted on 17 May 2010. Tags: Auto Manufacturer, Bankruptcy, Bottom Line, Equity Swap, Escrow Account, Fox News, Gm, Gm Motors, Gm Stock, Government Officials, News Story, Obama, Selling Cars, Senate Finance Committee, Senator Grassley, Speeches, Taxpayers, Television Commercials, Treasury, Us Government
Government Motors as they have come to be known, has finally made a profit. Today, the Government owned auto manufacturer reported a profit of $865 million.
Really?
We were recently told that GM paid off it’s debt to the US Government, in full, with interest and ahead of schedule. As we now know, this was a lie perpetrated on the American people by the Obama Administration. GM received $52 billion from the US government and $9.2 billion from Canada. During their bankruptcy, most of this debt was either forgiven, or converted to stock owned by the US Government. In the end, GM supposedly only owed the US $6.7 billion, which was the amount repaid. Ten cents on the dollar.
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Posted on 13 September 2009. Tags: Auto Manufacturer, Discontent, Family Responsibility, Financial Institution, Free Marketplace, George Allen, Good Paying Jobs, Government Program, Hardworking Americans, High Risk, Job America, Kitchen Table, Marketplace Of Ideas, Personal Empowerment, Political Hero, Protectionism, Richmond Times Dispatch, Ronald Reagan, September 13, United States Of America
America is at its best when it is a land of equal opportunity for all. The United States of America should be a level playing field for everyone to achieve to the best of his or her talent, hard work, and creativity, regardless of race, religion, ethnicity, or gender — a meritocracy.
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Posted on 23 August 2009. Tags: Auto Manufacturer, Auto Manufacturers, Autonation, Car Dealers, Cars, Chrysler, Failure, Federal Government, Global Story, Gm, Government Check, Government Money, Government Refund, Health care, Hinge, Initiative, Intentional Destruction, New Car, Recourse, Reimbursements, Www Youtube
Now it is all clear. A few weeks ago, Virginia Right! did a post on the mandatory destruction of the “clunkers” that were turned in exchange for up to $4,500 from the federal government. This link shows the intentional destruction of a perfectly fine vehicle that had been traded in for a new car. The bizarre video displays a scene so illogical that it boggles the mind. What possible reason could the government have for requiring such a destructive and illogical act?
[youtube]http://www.14wfie.com/Global/story.asp?S=10957819[/youtube]
That question has now been answered.
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Posted in News