Friday, May 15, 2009
Bailing out GM
No one would buy their shitty cars, but now we're paying for them anyway. Not only are taxpayers 17 billion dollars in the hole with no end in sight, but a very dangerous precedent has been set with president Obama firing GM's CEO.
GM will eventually go bankrupt, which is what should have happened in the first place. But not before this latest excuse for our leaders to grab more power and money has run it's course.
If you think bailing out big businesses, banks and mortgage companies is expensive, unfair and inefficient, wait until you get a load of government healthcare.
"The land of the free and the home of the brave" isn't headed towards socialism, we're there. And we went like sheep. Now the flock is being driven at a downhill run towards totalitarianism.