old progrmr Wrote:
Oct 12, 2012 1:12 PM
Why didn't Ryan respond with that FACTs. The only thing that Obama did was: a) Stiffed the bondholders who were legally first in line of creditors; 2) Closed over 900 dealerships with no public disclosure of the criteria for closings (these were independent businesses at no expense to the bankrupt Corporation); 3) Refused to sell Saturn to Roger Penske based on political considerations; 4) Scuttled the orderly bankruptcy procedure to give signficant ownership to the UAW Union. An orderly, legal bankruptcy would have resulted in a stronger GM. Projections are that GM North America will declare bankruptcy again in 2014; however, GM China is doing very well, thank you. The GOP must take on this "saved GM Big Lie".