Douglas Johnson wrote:
Jack Stein wrote:

Obama boohoo is all you can come up with..boohoo, he STOLE a huge
automotive company...boohoo.
Yes, that is exactly what the communist ******* did.

Company borrows money, company can't pay it back, company goes bankrupt,
creditors own the company. Happens everyday, nobody stole anything.

It doesn't happen everyday in the US. The US government does not loan
money to private business and immediately turn around and take ownership
of the company. Never happens, never supposed to happen in a free
market, capitalist nation.

Even if they did, they didn't get much.

The owners (millions of pensioners) of the company got nothing, the US
taxpayer got ****ed, make that fukked, not just in cash but mainly and
most importantly in that their once great economic system was
"fundamentally changed" from capitalist where the private individual
owned and controlled things to a socialist/communist government where a
few government mother fukkers own and control things...

According to GM's bankruptcy filing,
they had assets of $82 billion and liabilities of $172 billion for a negative
net worth of $90 billion.

Bankruptcy in a free market capitalist economy makes things stronger.
Bankruptcy in a communist economy just sits around stinking up the
place. The longer the stink, the more the smell of death begins to waft
through the valleys.

http://www.hawaii.edu/powerkills/COM.ART.HTM

--
Jack
I'm not as dumb as you look.
http://jbstein.com