Today the US Government and the Barack Obama administration officially began the process of nationalizing one of the countries most prominent and long standing corporations, the General Motors company. Mainstream media sources and leftist politicians will tell you that the government is saving GM, investing in the country’s future, and that nationalization will be temporary and is for the greater good. It’s not true.
If you didn’t believe it over the last few months you’ll believe it now, the American decent into Socialism has begun.
General Motors had been performing poorly for years. It was a mismanaged business, it was being robbed by the auto unions, and it was hemorrhaging money. Under normal circumstances, a company so poorly run would fail or go into bankruptcy protection. Not GM. As the President, the board of GM, and many political leaders told us, “bankruptcy [was] not an option.” It was an option before the bailouts just as it was an option this morning when GM filed for bankruptcy protection in a deal with the Obama administration. It was not an option for the President however, for GM to remain a private company.
“I want you to know that what you’re doing is making a sacrifice for the next generation,” the President said today. “Not a sacrifice you necessarily chose to make, but a sacrifice you’re called to make.” No Mr. President, it is a sacrifice you forced us to make. General Motors was stolen from it’s stockholders this morning.
Under the “restructuring plan” Obama says a New GM will be created. It’s not true. The creative force in this country is free people in free markets, this is theft and destruction. The government will control 72.5 percent of GM, the United Auto Workers union will control 17 percent, the stockholders will be left with almost nothing, and the American taxpayer is being fleeced all along.
The weekend before GM stockholders and investors lost up to 50 percent of their investments, Barack Obama and the First Lady spent a luxury weekend in New York that cost $24,000 possibly $250,000. This is a President that wants control, he wants power, and he will do whatever it takes to get it without regard to American freedoms. The New GM will be Obama’s GM. Making “green” cars no one wants, while charging us for their production, and trying to force us to buy them. Ford better watch it’s back.
If this is what the President calls Hope, I don’t need it. Hope comes from the opportunity to do for yourself, not from the oppressive burden of government theft and regulation. The face of America changed today, for the worse. And that’s Hope and Change for you. Didn’t we say it months ago? “You keep the Hope, I’ll keep my change” was a slogan heard over and over from those of us who could see this coming from a mile away. Hopefully we’ll have enough change left when we boot this guy to the curb in four years.