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Government Motors Is Alive
And Detroit Is Dead

Investor´s Business Daily, by Editorial

Original Article

Posted By:HollowLeg, 7/19/2013 7:49:10 PM

Bankruptcy: The fundamental transformation of Detroit is complete, as socialism´s theme park succumbs to government run amok, a reminder that government isn´t the solution to our problems but their cause. The wisdom of President Reagan´s words have been lost under an administration that believes government is the entity from which all blessings flow. So has Margaret Thatcher´s observation that the problem with socialism is that eventually you run out of other people´s money. Last Oct. 13, President Obama boasted in a weekly address about the bailed-out auto industry that, "We refused to throw in the towel

      


Post Reply  

Reply 1 - Posted by: Coy860, 7/19/2013 8:00:17 PM     (No. 9432891)

Detroit public workers´ pension is based on the amt. of their last year´s pay. They have their buddies schedule them for 60 hour work weeks the last year.
Would you like to retire at 82,000 a year?
Would you as a taxpayer want to bail out Detroit with pension obligations like this?

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Reply 2 - Posted by: volksford, 7/19/2013 8:03:18 PM     (No. 9432899)

G M is alive based soley on the fact that the UAW and Obama found a larger pool of smucks to fleece.. (US taxpayers). Detroit bled it´s limited pool of producers dry. Libs are great at spending other peoples money.

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Reply 3 - Posted by: lylacat, 7/19/2013 8:26:49 PM     (No. 9432935)

GM got the sweetest deal from the American taxpayers which was negotiated by 0bama and the democrats. The original bond holders lost all their money; the government bought stock for an amount that will never be paid back; the government buys thousands of GM cars, and subsidizes them in a huge way. The major finance company that provides credit for GM buyers is owned 80% by the taxpayers, so any loser who goes in, puts nothing down, pays 0% interest for months and in the end does not pay off the loan, all this debt is put on the taxpayers. So give any of us such a sweet deal, and we can all be quite alive and successful. Let´s get real; I would never buy a GM product.

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Reply 4 - Posted by: Heil Liberals, 7/19/2013 8:29:31 PM     (No. 9432941)

The pathetic thing is that it would have been cheaper to bail out the city than General Motors. Either way, it´s a sick, sick republic, and the cure may be horrible.

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Reply 5 - Posted by: coldoc, 7/19/2013 8:31:09 PM     (No. 9432944)

These ticks will suck the host dry, and then they will die themselves.

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Reply 6 - Posted by: neanderthal, 7/19/2013 9:09:21 PM     (No. 9432998)

The absolute rule among parasites is never kill the host. Unions and Democrats don´t seem to understand this.

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Reply 7 - Posted by: harper, 7/20/2013 1:02:08 AM     (No. 9433186)

The only good news is that the Chinese may feel America will Donk itself to death before a Chinese military strike is ready, thus giving us a few more years before the Dark Ages.

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Reply 8 - Posted by: Trigger2, 7/20/2013 4:53:21 AM     (No. 9433233)

There better not be any taxpayer bailout for Detroit. Why should us taxpayers have to pay for the years of demonrat graft and corruption.

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Reply 9 - Posted by: judy, 7/20/2013 6:45:00 AM     (No. 9433285)

GM goes to Mexico & China with our taxpayers $$$$$...while Detroit dies....sad . Thank the won for creating this mess.

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R_DBL_B
  


 
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