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General Motors: Obamacare Wrapped in Solyndra Inside Some Misery

Roland6 Wrote: Aug 05, 2012 11:09 PM
Obama has made his Union buddies think that he has helped them but they are about to find out is that he has given them a larger piece of a non existing pie, its all smoke and mirrors, they are going to go the way of the DODO, Ford right now is thanking their lucky stars that they came to their senses early enough to escape Obamas power grab Evrybody should remember in November, that whether you like Mitt Romney or not, the one thing you can say positive about Mitt is, HE IS NOT OBAMA.

General Motors, the auto company that vice president Joe Biden likes to claim Obama saved singled-handedly during the virgin birth after which the One was swaddled in a manger, is facing a class action lawsuit for making “materially false and misleading” claims in the prospectus for the new issue of stock it offered as it moved out of bankruptcy in late fall 2010.

A statement issued by the law firm representing the class “alleges that the defendants misrepresented and/or failed to disclose that: (1) GM was predicting revenue based on production rather than actual sales; (2) the Company falsely assured...

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