Continued Fleecing of Taxpayers by Government Motors

Today, Government Motors will issue an "initial" public offering of taxpayer-owned GM stock. While the taxpayers and shafted secured debt holders of GM paid for GM's bailout, the taxpayers took about a half interest in Government Motors and Obama gave the other half to the UAW, which invested nothing. Obama's justification that the labor of the UAW workers on the line amounts to corporate capital is straight out of Karl Marx's Das Kaptial.

Today's Government Motors stock firesale means that the taxpayers will see a permanent loss of over 9 billion dollars on the GM bailout. Furthermore, it will make the UAW the largest single shareholder and corporate controller of Government Motors.

In their wildest dreams the union thugs in this country would never have imagined that a president would transfer the ownership of GM to the unions, but it has indeed occurred -- and financed by the taxpayers and secured debt holders of GM to boot!

The transfer of taxpayer wealth to unions continues unabated, and more generosity to Government Motors new union owners is forthcoming. Wait until Obama and the Democrats forgive the loans to Government Motors Ed Whiteacre lied about repaying.

GM to be Socialized; Taxpayers to be Fleeced

According to Obama administration sources today, B. Hussein Obama intends to use the bankruptcy courts and taxpayer money to buy GM for the UAW and GM bondholders.

Is this the Hope and Change the nation was waiting for? Naked socialism, fleecing taxpayers, and paying off political cronies like the unions? Really? Is this what that nation wanted?

If Obama is allowed to steal the taxpayer's money like this, we owe Richard Nixon an apology.

If you support Obama’s administration, you are a Socialist. Period. A red, a commie, a pinko.

Some Memorial Day this will be. Obama and his supporters are completely devaluing the lives of all who fought and died to protect the world from the slavery of Socialism. Obama is urinating on the graves of tens of thousands of servicemen who gave their last and final measure of devotion to their country to stop the onslaught of Fascistic Socialism.

Obama is foisting it on the United States with a big, red bow.

An $8,000,000,000+ Fleecing of Taxpayers

Candidate Barak Obama said in his convention speech "Our government should work for us, not against us. It should help us, not hurt us." He was lying when he said this, and he knew it.

President B. Hussein Obama now says that the $8 Billion in loans provided by American taxpayers to Chrysler should be discharged in bankruptcy, effectively becoming a gift to the UAW and Italy's Fiat Group.

Candidate Barak Obama also said "Our government should ... ensure opportunity not just for those with the most money and influence, but for every American..."

Apparently, the UAW's money and influence over Barak Obama was a temptation too great for the "messiah" to resist.

The Obama Presidency is a continuing disaster to American taxpayers. It cannot end soon enough.