General Motors: Another Crony Socialist Welfare Office
From the moment General Motors (GM) cashed in our $50 billion in auto bailout coin, Government Motors was born, and has been little more than a Barack Obama Administration Crony Socialist Welfare delivery device.
This is not Crony Capitalism, because it has nothing to do with capitalism. This isn’t picking Winners and Losers — this is picking Losers at the expense of Winners.
The auto bailout was the government taking money from Winners – who succeeded, made money, and paid taxes – and giving it to big-time Loser GM, an entity that was a proven private sector failure, but has all along greatly benefited President Barack Obama and his Democrats.
And ever since, Government Motors has been doling out dollars and product to favored constituents, to payoff and prop up Obama-Democrat friends, and to prop up Obama-Democrat electoral hopes.
Consider who illegally received an over-share of our bailout coin: the United Autoworkers Union (UAW), a renowned Democrat Party apparatchik.
Harold
ACGR's "News with Attitude" 