GM SUFFERS A 41% LOSS AS OBAMA TOUTS ITS SUCCESS!

Submitted by: Donald Hank

Of Bailouts & Cronies: The Real System In America

Today at a campaign stop in Pueblo, Colorado, Barack Obama was touting the success of the government bailouts.  He is just so enamored with them, that he said:  “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry." Oh really, is that so, Mr. Obama?  I think what you really mean to say is that you’d like to take more money from one group of people and give it to another you deem ‘special’.  Let me enlighten people about the truth of what it is you have done and what you are suggesting.  First of all, your auto bailouts destroyed as many people and jobs as they ‘saved.‘  By no means can this be described as a ‘success’.  At best it was picking and choosing who got to live another day and who didn’t; at worst it was complete and utter lawlessness.  And the jury is still out on those that were ‘saved’ since contrary to popular belief and advertising, GM has NOT paid back the taxpayers, and indeed, since it went public again, it has lost its investors (suckers) yet more money.   The IPO price of GM shares was $33.00.  Today, GM sits languishing at $20.65.   You tell me. In empathy to GM at this point, I’ll add that I find it highly unlikely that they’ll ever again be profitable due to the jackboot of government stomping on their neck forcing them to crank out extremely overpriced Chevy Volts, which use highly inefficient technology.  I’d think if anyone wanted to actually buy them, GM wouldn’t be forced to go into our public schools in an attempt to get 3rd graders to market Chevy Volts to their parents.  (No, I’m not kidding.)  So, you see, while GM was a ‘beneficiary’ of government largesse, it came with a price so high, that they’ve lost all autonomy.  To make matters worse, once you’re indebted to the government, you jump on the crony-bandwagon and you do what the government wants you to do to sell cars, even if it meansrooting for $6.00 a gallon gasoline or destroying jobs in the United States and moving them to China and *gasp* advocating for Communism.  For GM the price of their bailout was no less than their soul. GM’s bailout is merely a microcosm of what is wrong with our country.  Let me explain how all this works: THE GOVERNMENT HAS NO MONEY OF ITS OWN, IT ALL BELONGS TO PEOPLE WHO WORK AND EARN IT; THE GOVERNMENT CAN ONLY BORROW AGAINST YOUR FUTURE EARNINGS AND TAKE FROM ONE GROUP OF PEOPLE TO GIVE TO ANOTHER! And every time they do this, they make a ‘special class’ of people. Eventually, there is no one left to take from! And the government NEVER gives on merit. They give in response to crony lobbyists, pet projects, and to get kickbacks to enrich THEMSELVES first, and foremost! The end result is that productive people are robbed in present time AND in the future, while those who have committed massive fraud that needs to be swept under the rug (banks, Wall Street and other industries), those who can pay for access (banks, Wall Street, big pharma, pet industries, unions, minorities, etc.), those who don’t want to work (welfare kings and queens), those who think they’re better than everyone else (elite Wall Street firms, people in positions of power), and those in government get rich(er) or dodge having to work for themselves, on the backs of those who work hard (Joe Working-Stiff, Fred The Small Business Owner). This crony-capitalist system is what is running our country – and unless we find a way to stop it, there is no stopping the collapse that is coming. This is not a ‘right or left’ ideology.  It is a ‘some are more special than others‘ ideology.  It is cronyism or crony-capitalism, which results in a VERY small, finite group of elite people controlling all the wealth and picking and choosing at THEIR whim who is to be the recipient of their largesse.  For those on the left who think this is ‘social justice,’ think again.  Just because today you might be in that class of ‘special people,’ doesn’t mean that tomorrow you will STILL be in that class. A government large enough to give you everything that you want, is also powerful enough to take it all away.  For those on the right who think we have ‘free market capitalism,’ wake up and smell the coffee; the system you are defending is essentially an oligarchy.  The rule of law is gone because there are whole classes of people to which those rules do not apply. First and foremost, this is a matter of mathematics and finite resources.   Eventually you run out of productive people willing to work to support these various classes of ‘special people.’  The very first Americans over 400 years ago learnt this lesson the hard way in Jamestown.  We were the country that almost wasn’t.   I do believe that the Declaration of Independence said something about ‘all men being created equal’ and it said nothing about certain classes of people being more special than others.  The rule of law was intended to be applied to EVERYONE equally! Think long and hard about it!