Re: GM Out of Bankruptcy! And the U.S. economy flushed down the drain . .

Right on you are 100% right could not have said it better my self.

GM now stands for Gummint Motors. Anybody who buys a new GM product is an
idiot. Ford took no bail out money. Ford isn't owned by the government. If
you need a new car buy one from Ford. Support free enterprise. Reject the
bloated and out of control government.

Obama made sure the Union bosses were taken care of in the GM and Chrysler
bankruptcy proceedings but he and his cronies totally screwed the bond
holders who were forced to the end of the queue when existing contract law
said they were entitled to be at the head of the line and they ended up
getting only about 26 cents on the dollar for their guaranteed bonds.

And they were demonized to boot. And now the idiots in the government wonder
why the bottom is falling out of the bond market? Why China is balking?
Even China sees the handwriting on the wall. If the U.S. government is so
willing to screw its own citizenry what will keep them from screwing China?
Bwahahhahahhahaha. Dopes!

Just wait until the U.S. treasury tries to sell more low interest bonds to
finance this multi-trillion dollar debt Obama, Reid and Pelosi are piling
up. The only way bonds will sell is if the interest rates are jacked sky
high. Government "junk" bonds - fancy that! This will have a ripple effect
throughout the world and U.S> economy with projected interest rates on
mortgages, etc of 20-25%. This will lead to stagnation, hyper inflation and
the eventual devaluation of the dollar. Another Weimar Republic in the
making. Get your wheel barrows ready, folks!

http://en.wikipedia.org/wiki/Weimar_Republic

Will the voting public EVER wake up and realize Marxism does not work? Not
as long as liberals are running the public schools and teaching generation
after generation nothing about history or economics. Not as long as greedy,
lazy liberals think they are "entitled" to something for nothing. Not as
long as liberals believe in, "from each according to his ability to produce
to each according to his needs to consume."

Some of you might recall how I wrote about six months ago what they used to
say about niggers when I was a kid? "Give 'em an inch and they'll take a
mile?"  Well, although it isn't politically correct to say such things these
days, it remains such a truism that it can't be denied in light of what
Obama and the Democrat congress is grabbing these days from taxpayers and
from the children of taxpayers and from the grandchildren of taxpayers.

Look for the economy and recession to worsen for the next two to five years
at least because of what the Democrats are pushing through congress.  It can
do nothing else but tank more considering how the Obama administration has
sabotaged free market economics.

I sincerely hope that EVERYBODY who voted for Obama loses everything they
own and end up half starved and waiting in long lines for medical care only
to get to the head of the line after about six months and they be told to
"hit the road" because there is no place for them because there is no money
because nobody in the economy produces anything anymore. Everybody is on the
dole and the whole house of cards has come crashing down.

It's in your future, folks. Believe it.

GM out of bankruptcy:

http://www.nytimes.com/2009/07/11/business/11auto.html

"The nation would fold if GM goes bankrupt!"

Bwahahahahahahaha!

GM: Chinese built engines!

GM: Lavish tax free union benefits!

GM: Run by Obama!

Bwahahahahahahahaha!!!!!