The president (the chairman/CFO/CEO of Government Motors) -- who has never been part of, organized, managed, or operated a for-profit business is at it again. What a scam he and his people have put over on the American people. Aside from inflating the Bush deficit from $800 billion to more than $3 trillion in under 130 days, with a projected deficit of up to $12 trillion over the next 7-10 years, he wasted the tens of billions of dollars that were pumped into General Motors late last year -- when Chapter 11 bankruptcy should have been filed.
Seems to me the only people who benefitted from this action were GM labor employees who were strongly instrumental in his successful election. Couldn't leave them hanging now -- but hanging them out to dry is exactly what he has done.
In his speech June 1, he clearly stated many plants, parts suppliers and dealerships would have to close -- that they would have to sacrifice themselves and their livelihood for their children. He promised jobs for the middle class -- these very workers.
Government jobs have increased but there has been little or no sustainable job creation in the private sector. Where has our money gone that was supposed to make this happen? Finally, middle class workers will soon find out -- if our president gets his way -- employee benefits which heretofore have been tax-exempt will become fully taxable as earned income to fund the proposed National Health Care plan. He promised no new taxes for the "working middle class," but 80 percent or more of American workers will be affected by this proposal.
Abraham Lincoln said: "Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to the Democrats alone do I make this appeal, but to all who love these great and true principles."