It's been a while since I blogged, and that's simply because I didn't have anything really relevant to say. "Better to say nothing and be thought a fool than speak up and remove all doubt", as the saying goes, so I remained silent. Today though, I am on my political soapbox.
A couple days ago the June sales reports came out for GM- the last reports before the November elections. Sales were up 16% for the month of June, and the best month since 2008. Why am I citing this? Because, if you'll remember, our government, our president, bailed out GM with our taxpayer dollars. So this is good news, right? Not really. You see, 79% of GM fleet sales in June was to the US government. So we taxpayers buy 500 million plus shares of GM stock to "save" them from bankruptcy, then we buy almost 80% of theeir fleet sales to inflate the numbers to make Obama look good. So what did wwe actually save?
To get out "investment" out of the shares we bought we need to sell them for about $53/share. The post-bankrupt shares debuted at $33/share, and it is currently selling at just over $20/share. Doing the math, we stand to lose over $15 billion taxpayer dollars. So what did we get for our money? Obama bought all the UAW workers votes, and all those union votes are enormous. He probably bought the state of Ohio with taxpayer money... But it's just one of many shady, seedy dealings he's had since gaining office.
Had GM gone into bankruptcy they would have been forced to restructure, to become financially viable, or to sell. Had we not bailed them out they would have become an asset to our economy instead of the billions of dollars of dead weight they currently are. Obama and unions have forced on us a "status quo" that costs us billions- this from the man who says the status quo isn't working. I guess it works okay for him...
This campaign I've heard repeatedly from Obama that he's "for all Americans". That's the biggest lie and the biggest line of BS yet. Obama has been the most divisive president this country has ever experienced. Listening to his retoric about "we" and "they" when blaming all his failures on Republicans, Congress, George Bush, his "inherited" economy, Wall Street, big business... The list goes on and on...
As an independent, but fiscally conservative voter, I pray that Obama is defeated in November. I aam afraid my small business can't afford another four years of his policies...
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