We, you and me baby, gave GM 50 billion, 10 in the
bailout plus billions more in tax shelters and paying off pension commitments. GM
used $540 million of our hard earned money to build a plant in Mexico. Remember the grand speech at Janesville,
Wisconsin? Obama promised that if we gave GM the money, the plant there would
stay open for the next 100 years. Instead of keeping that open, GM opened another
plant - in China and will spend another 691 million to build another plant – in
Mexico.
What’s really creepy is that the Cadillac division of GM
made a propaganda film, celebrating the ninetieth anniversary of the birth of
the Chinese Communist party, paid for by, you guessed it, the American
Taxpayer, you and me babe.
We spend over 50 billion to save a company worth 28 and
they ship thousands of US jobs out of the country with the support of the
unions, who sold out their members for an 18 per cent share of the company
stock.
Thomas Paine was right: Government is at its best a
necessary evil; at its worst an intolerable one.
