In 2009, GM had a market capitalization of $2.5 billion, and had 90,000 employees but was providing healthcare to 1,000,000 people. So Obama spent 60 billion taxpayer dollars to prop up a $2.5 billion company with a failed business model. He broke GM's promise to take care of middle and lower management retirees just as they did union retirees, costing many of them their homes and reducing lifestyles. He arbitrarily closed dealerships, costing thousands of jobs. (well, maybe arbitrarily isn't the right word - if you were a Republican dealership owner, your chances of getting closed were much higher than if you were a Democrat, regardless of how many cars you sold or how profitable you were.)
Aggressively liberal late-night television host David Letterman can't shake his newfound sinking feeling about Barack Obama's honesty, a concern he shared with MSNBC's Rachel Maddow on his Tuesday program:
Newsbusters has the partial transcript:
DAVID LETTERMAN, HOST: Here's what upset me last night, this playing fast and loose with...












Bottom line is that GM now has more jobs in China than in the U.S.
We can't stand any more of O's saving!