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| By K.E. Youngblood |
Mr. Obama Didn’t Mention Anything About His Giving Away The Biggest Stimulus, (Taxpayer’s Cash Infusion Into A Private Sector, Financially Ailing Corporations) In America’s History
Literally Billions That May Never Be Repaid Because Billions Are Still Held In Stocks That Are Currently Trading Around ($ 20.00) And That Is Even Below Their Initial Purchase Offering (I.P.O.) Of ($ 22.00) Much Less, Far Below The Share Price Of ($ 53.00) At Which The Government Purchased Them.
Therefore As Of Now That Stock Price Would Have To Go Up 165% Just To Break Even With The Tax Payer’s Forced INVESTMENT.
When Mr. Obama Boasts About General Motors (GM) Being The Number One Automobile Manufacturing Company In The World… He Fails To Mention, That’s Partially Because The U.S. Government Is One Of GM’S Largest Customers. So Tax Payer Money Is Being Used To Purchase Vehicles For Government Use, From A Company That Tax Payers Are Heavily Invested In And He Calls This Good Business...
In Mr. Obama’s Ad, He States That He Saved The Auto Industry, While Mitt Romney Wanted To Let It Go Bankrupt…
Let’s Look A Little Closer Into The Truth Of These Two Business Directions…
Mitt Romney Did Not Say That He Wanted To Destroy The Automobile Industry, He Stated That, Instead Of Giving Those Corporations Billions Of Tax Payer’s Dollars, Rather Let Them File For Bankruptcy And This Is What Several Companies Have Done In The Past Where They Were Forced To Restructure Their Debt And Management And Be Accountable For, And Resolve Their Own Created Financial Issues.
This Is A Process That Is Well Known And Understood To Real Business Personnel And Has Been Utilized By Many Large Companies That Have Made The Necessary Changes And Restructured And Rebounded Into Success Today, Some Which Were Automobile Manufactures And Others Which Were Major United States Airline Corporations…
Feel Free To Search For Examples Of Corporations That Have Filed For Bankruptcy And Restructured And Rebounded Into Success Today In The United States And You Will Be Amazed That Obama’s Denouncement Of This Process As Destruction, Has Actually Been Shown To Be False, Since Many Companies Were Actually Saved By This Same Process…
So Ask Yourself, Why Exactly Would Mr. Obama Be Against This Process And For The Great Stimulus Instead?
Perhaps It Was So He Could Transfer Wealth Collected From Taxpayers To His Friends In The Automobile Industry Unions And Management.
If You Believe This Is Just Speculation And “Anti-Obama” Rhetoric, Consider That Only Months After The “Greatly Financially Ailing Companies” General Motors And Chrysler Group That Needed Bailed-Out, Paid Every Single Employee Bonuses. Some Of Which Were Unprecedented, Such As Most Salaried Workers Received An Average Of $10,000. When Is The Last Time You Received A $10,000 Bonus?
However, That Is Not The Most Egregious Of The Tax Payers’ Transfer Of Wealth. It Is Also Confirmed That Most Of The Middle Management (Those Making 100k - One Million Dollars) Received Bonuses Equal To 15 Percent To 20 Percent And Upper Management Received Bonuses As High As 50 Percent Of Their Annual Salary. I Would Be Willing To Bet That This Has Never Happened To You.
So If This Wasn't A Hard Enough Slap In The Face To The American Taxpayers, Now Consider That Hidden Within The “Absolutely Necessary Stimulus” Plan, Was Billions Of Dollars That Would Be Redirected From Our Pockets Unto The Great Business Man, Mr. Obama And His Administration’s Directly Or Indirectly Chosen Investments…
We‘ve All Heard Of Solyndra But Have You Heard Of Evergreen Solar Inc., SpectraWatt, Ener1, EnerDel, And Beacon Power Co. These Are Just A Few Of The Estimated Dozens Of Companies That Are Unsustainable Without Further Government Help Or That Have Filed Bankruptcy After Receiving Millions Of Our Tax Payer Dollars. What Did We Get For All Of Those Investments ? Well, While Many Of Mr. Obama’s And His Comrade’s And Their Supporters, Walked Away With Pockets Full Of Cash, All We Got Was The Bill…
I Truly Hope That You Haven’t Gotten Bored Yet Or Tuned Out These Facts, Because I Really Am Just Getting To The Part Where I Slap The Silliness Right Out Of Your Head.
Of All The Companies That Filed For Bankruptcy After Receiving Taxpayer‘s Money, You Have Heard Very Little Or Absolutely Nothing About The Two Largest Companies That Received The Most. You’ve Got It, On April 30, 2009 Chrysler Motors (Chrysler Group LLC ) Filed For Bankruptcy And Then On June 01, 2009 General Motors Filed For Bankruptcy.
As Public Financial Data Will Confirm Both Companies Have Performed FAR BETTER Financially Than They Did Before Bankruptcy. GM Made $4.2 billion In The First Three Quarters Of The Following Year And Chrysler Was Predicting A Net Profit For That Same Year.
So, Which Business Direction Was The Right Direction?
It Is A Choice - Its’ Your Choice…
See more of Kenny Youngblood here............. http://www.facebook.com/KEYCDY
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