An Example of the Fair Way Our Current Masters Operate

Discussion in 'US' started by jumpinjarhead, Jun 28, 2010.

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  1. This is a bit dated in terms of the underlying facts (the US auto industry "bail out) but it provides some pretty good insight as to the tactics used by our current masters. Since most aRRSERs (even those with a somewhat left of center bent) seem to at least have a strong sense of "fair play" I thought this may be worth a read.

     
  2. Too right JJH.

    GM could easily have gone into reorganization and come out clear of bankruptcy in a couple of years. GM is solvent enough that it has paid off the gov't loans already. Obama forced liquidation rather than reorganization and now GM is owned by the US government, the United Auto Workers and the governments of Canada and Ontario. Obama's gift to the UAW for their support. The stockholders lost everything they had put into it.

    Obama actually had bumper stickers reading "Obama - Socialism you can believe in" At least he did not mislead us on that.