Saving General Motors from bankruptcy was among President Obamaâ(TM)s most frequently cited achievements when he ran for re-election last year. Democrats everywhere touted the companyâ(TM)s revival as proof of the 2009 bailoutâ(TM)s wisdom. That was then. Now, Obama has quietly released the auto manufacturer from a bailout requirement that it increase its production in the U.S. Instead, GM is spending billions of dollars building up its production capacity in
This is happening despite the fact that the Treasury Department has to date recovered just $36 billion of its original $51 billion loan to GM. By most analystsâ(TM) predictions, American taxpayers will be out approximately $10 billion when the remaining stock is sold off. Which is a long way of saying that it now appears that taxpayers paid $10 billion to make it easier for GM to accelerate its foreign outsourcing and send more manufacturing jobs to China.
Sweet, sweet Detroit end state.
But I'm confident that our idiot electorate will look at a sane candidate in 2016, and vote for Benghazi Jezebel.