Government Motors

$30 billion taxpayer loss on GM

The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry, two administration officials familiar with the report said today.

It’s theft. It’s money that was stolen from people who pay taxes now and in the future to bail out not the company, but the union.

Redistributive change. It’s Obama’s promise and motive. Unions are socialist entities that exist to oppose businesses. The socialists sucked the life out of GM, and when it died, another socialist stole money from one group and used it to bring it back to life, and gave back it to his socialist friends and contributors to continue feeding. The end.