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General Motors: Obamacare Wrapped in Solyndra Inside Some Misery

Roland6 Wrote: Aug 05, 2012 11:22 PM
Obama at first gave Chrysler to the unions, but they didn't know what to do with it so they asked Obama to help them find a buyer that could run a car company, Fiat had earlier exoressed some interest in aquireing Jeep, and they had contributed to Obama's election campaign, so he just gave Chrysler to them including Jeep, at first they balked because Chrysler was loosing money, and their first Foray into America haden't gone very well, But Obama insisted that they try to turn Chrysler around if they wanted Jeep so they agreed, and the rest is history.

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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