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| By Kenny Youngblood |
In Addition, Each And Every Single Stop, Mr. Obama Boasts About General Motors (GM) Being The Number One Automobile Manufacturing Company In The World… Yet He Fails To Mention, That’s Partially Because, The U.S. Government Is One Of GM’S Largest Customers. Thus, Tax Payer Money Is Being Used To Purchase Vehicles For Government Use, From A Company That Tax Payers Are Heavily Invested In And He Continues To Call This, Good Business...
However, For Some Reason, Mr. Obama Never Mentions The FACT That From General Motors’ (GM) Own Earnings Report, It Is Estimated That They Will Lose One Billion Dollars In Europe This Year. Nor, Does He Mention The FACT That General Motors (GM) Is Continuing To Substantially Lose Market Share Here In The United States, At A Very Rapid Pace, To Some Very Profitable Japanese And German Auto Manufacturers.
Mr. Obama Never States, That These Facts, Coupled With The FACT That General Motors (GM) Continues To Pay Their Employee Substantially More Than Other “Profitable” Manufacturers, Are Exactly What Led Them Into The Position, To Even “NEED” A Taxpayer Bailout, In The First Place.
You Know, That Thing He Boasts Was Necessary, His Giving Away Of The Biggest Stimulus, (Taxpayer’s Cash Infusion Into A Private Sector, Financially Ailing Corporation) In America’s History.
From Which, Literally Billions May Never Be Repaid, Because Billions Are Still Held In Stocks That Are Currently Trading Around ($ 20.00) And That, Is Even Below The Initial Purchase Offering (I.P.O.) Of ($ 22.00) Much Less, Far Still Below The Share Price Of ($ 53.00) At Which The Government (Tax Payer’s Dollars) Purchased Them. Therefore As Of Right Now, As Mr. Obama Boasts About His Great Deal, The General Motors (GM) Stock Price Would Have To Go Up 165% Just To Break Even With The Tax Payer’s Forced INVESTMENT.
Now Consider Carefully, How Much Did General Motors (GM) Pay Back To The American People This Past Year? ($0.00)Zero Dollars… Okay, Okay Now, How Much Did General Motors (GM) Pay To Their Employees In “BONUSES Only” This Past Year? ($200,000,000)Two Hundred Million Dollars…
In All Fairness To Mr. Obama And His Business Knowledge, He Does Have A New “Business” Plan, That He Has Come Up With, That He Feels Certain, It Will Help Grow His New (GM) “Government Motors”.
Remember Just A Couple Of Years Ago When Some In The Government Though It Was Unfair That Some People Had Their Own House, While Others Didn’t Because They Couldn’t Yet Afford To Purchase One ? You Remember What The Government Did In The Guise Of “Equality And The American Dream To All“ To Help Change This Great Injustice, Right?
Well, If You Don‘t Remember, The Federal Government Cracked Their Whips On The Backs Of Those “Greedy Banks“ And Forced Them To Slacken Their Lending Requirements, So Any And Everybody Could Now Purchase Their Own House. With The Notion That These Same, Would Become More Productive Citizens And Contribute, In Paying More Taxes, No Doubt…
How… Ever… Things Didn’t Work Out Exactly That Way, Because Of The Lower Threshold For All Potential Buyers, (Basically If You Were Breathing, You Were Now Allowed To Obtain A Loan), The Housing Market, After A False Rapid Over Inflation, Burst Like A Balloon, Because So Many “Newly Qualified” Home Buyers, Weren’t Really Qualified And Mortgages Were Left Unpaid…
So What Does This Have To Do With The Previous Topic, You May Ask? Well, What Happened To The Banks That Created The Housing Market Catastrophe, Is Now Mr. Obama’s New “Business” Plan To Entice All Americans Into A New (GM) “Government Motors” Automobile.
Yes, Their Lending Requirements Are Lowered, So Any And Everybody Can Now Purchase Their Very Own, Brand New Automobile. This Time With The Notion Of Creating A Temporary Facade Of A Prosperous Business And Another Attempt At Garnering Votes, No Doubt…
If You Do Not Believe The Threshold Has Been Lowered For Potential Buyers, Consider This; A Man Just This Morning, Reported That His Daughter Was Just “Approved” For A Brand New GM Vehicle… He Then Added, And She Doesn’t Even Have A Job…
Hey, It’s Your American Right. Right?
See more of Kenny Youngblood here....... http://www.facebook.com/KEYCDY
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