GM Files for Bankruptcy

[KenP]

You'll love this:

With the federal government emerging from the GM bailout owning 60% of the company, the new GM will be run by the politics of the Obama Administration, not economics. That means it will be run to serve the interests of the UAW and the environmentalist groups that are major players in Obama?s political coalition, not consumers.

Already the UAW has rightly bragged that its workers have given up nothing in wages and health and pension benefits. And who is going to say no to UAW demands at the next contract negotiation? The politicians in Washington?

American consumers would never choose to buy the tiny, two door, Sierra Club cars we are now going to see out of Detroit. But the Obama plan is not to allow them a choice. That is what the new 39 mpg CAF? standard is all about. That doesn?t mean your next SUV is going to get 39 mpg, dummy. It means your next car will look like it is competing with a John Deere lawnmower.
Closing the deal will be the new cap-and-trade taxes Democrats are now ramming through Congress. Those taxes will impose massive penalties on anything but Detroit?s new Fred Flintstone cars designed by the Environmental Defense Fund. So will the $5 per gallon gas we are going to see because the Obama administration is so busy shutting down new oil production.

As for the taxpayers, the sooner the plug is pulled on both GM and Chrysler, the better.

http://foxforum.blogs.foxnews.com/20...gm_bankruptcy/

I get really pissed just thinking about it.