Political joke of the day or is it?


Although the thought of a union built car spontaneously bursting into flames may seem to be a public relations nightmare for General Motors but in the realty of the Obama Administration group think it’s really just another in a series of American success stories.

GM shares currently sit at $25.40, far below the $51 per share price necessary for taxpayers to break even. Selling the shares would recoup about $12.7 billion, but leave taxpayers with only about half of the $25.5 billion they have yet to get back from the $49.5 billion bailout of GM in 2009.

Only in Obama Bizarro World could investing $49.5 billion in the failed General Motors Corporation — losing $12.8 so far in that transaction — and then watching that same corporation hand out “profit sharing”  to its management and union workers be called a “success”.

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About FishyGov

Practicing Independent Conservative and recovering Liberal celebrating 20 years of political sobriety.

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