Tuesday, April 27, 2010

American Auto Makers (phony) Decleration of Independence

I don't think I'm alone here. I'm skeptical of these reports and I'm disappointed by the lack of coverage. Articles like this are plentiful. They tell us the White House is pleased to inform us about our "investment" in General Motors and gives us reason for new faith.

They are quick to point out that the hypocritical Republican Party came up with this whole bailout idea in the first place and it is quite strange how they are so morally against big government now that they are no longer in power. And of course, I think this is pure comedy gold. Seriously. Dear GOP: WTF?

Questions left unanswered are, why are the neo-Keynes trumping their horns as though the debt is returned in full? Numbers seem to indicate to me, less than 13% of the loan is returned. But what is with the misleading headlines?

I also have bigger questions. Such as, where is this money coming from? Is GM selling cars, making a profit and repaying their loans in gold bars? Is the man behind the curtain manipulating the money and paying off its loans with prospective stock options?

Most importantly, am I the only one who cringes when Mr. Ed Whitacre talks about a company all Americans can be proud of? Because it creeps me out.

Of course, there are answers to these questions floating around the internet. My friend half jokingly suggested that he would condone the act of robbing liquor stores in Detroit to pay back the loans. Today, he admitted that he might not be far from the truth and gave me this link.

If GM is truly using taxpayer dollars to pay back taxpayer loans, why isn't this information more prevalent in new media? Why isn't this news story all over the front of the New York Times, LA Times, Wall-street Journal and every alternative newspaper in the country? Because it seems pretty freaking important to me.

I guess it's lost somewhere in la-la land along with the wars.

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