CrusaderFrank
Diamond Member
- May 20, 2009
- 147,625
- 70,858
Remember when Obama saved GM?
Instead of letting go through an orderly bankruptcy and reorganizing its finances and operations, Obama stepped in to screw the Senior Secured Creditors (pension funds and investors who thought they had a senior claim on GM) and handed equity in the Company to the laziest, most incompetent group on the planet: The UAW.
Now that Government Motors has recalled more cars than they've sold, does this still count as an Obama Success?
GM's recall nightmare - May. 21, 2014
Instead of letting go through an orderly bankruptcy and reorganizing its finances and operations, Obama stepped in to screw the Senior Secured Creditors (pension funds and investors who thought they had a senior claim on GM) and handed equity in the Company to the laziest, most incompetent group on the planet: The UAW.
Now that Government Motors has recalled more cars than they've sold, does this still count as an Obama Success?
GM's recall nightmare - May. 21, 2014