califjim Wrote:
Oct 25, 2012 11:23 AM
Obama you sir took GM and Chrysler "bankrupt." Meaning that you decided that certain creditors (mainly bondholders) that were owed monies by both companies would not receive what they were owed. Unions which contributed heavily to your election were then given preferred treatment in stock and not taking the haircut they so richly deserved in their pay and benefits. The headline "Let Them Go Bankrupt" of Romney's NYT editorial was written by the looney leftists at the NYT's. A truthful headline would have been "Reorganize Detriot With Government Backed Guarantees" Obama lying is akin to Obama breathing!