Virginia Right!

According to Virginia Attorney General Cuccinelli’s office, Federal District Court Judge Henry Hudson will issue his ruling sometime around midday TODAY, Monday, December 13 on Virginia’s lawsuit challenging the constitutionality of the federal health care act. Based on the questions asked by a well prepared Judge Hudson, many speculate that the ruling will be favorable [...]

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  Aug 5th – Ed Whitacre, CEO of GM said “We don’t like this label of ‘Government Motors,’ Whitacre said at the Center for Automotive Research’s annual Management Briefing Seminars . “We know it’s turned off customers. It turns us off. It embarrasses people.” We’re moving towards going public again. Uppermost in our mind is getting the government out of our business.” Aug 14th- General Motors today said that Edward E. Whitacre, Jr. will step down as chief executive officer on September 1, 2010, and as chairman of the board by the end of the year. Industry insiders are shocked and claim Obama did not like Whitacre’s Obama Motors comments.   Obama has now fired more managers than George Steinbrenner

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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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No doubt Toyota is facing a major hurdle with the recall issues facing the company. The issue of gas pedals sticking is a serious one that must be addressed. And Toyota is in the process of doing just that.

Ford and GM will be the obvious beneficiaries to such a debacle, and that is simply the nature of things.

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That’s what Candidate Obama said. Remember? Well, how’s that working out so far? It is very hard to miss the horrible unemployment numbers. The only good news in that arena since Obama became president has been an occasional week or month with fewer losses than another month. “We’re headed in the right direction” the Obama Administration likes to say. But we are headed down.

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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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