The worst thing ever!
-Headline of the Day-
"FLASHBACK: Republicans Warned That GM Rescue Was 'Road Toward Socialism,' 'Predictable' Disaster."
Ooh, that creeping socialism! Let's all hate it, grrrr!
On news that GM's stock is rising like [INSERT PORNO ERECTION REFERENCE HERE], Think Progress looks back at what a bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, bad, idea Republicans said this whole auto bailout thing was. I'd throw in some quotes, but I think that covers it; it was going to be a big waste of money, destroy capitalism forever and all, and probably pee in your breakfast cereal. It was just awful.
Now GM has issued an IPO which is expected to raise $23.1 billion, the stock is on the rise, and the dirty, awful commie federal gummint holds a hold bunch of that same stock -- stock they got at about the same price you'd pay for a used Kleenex. All the suck seems to have been removed from this deal, while no one was looking.
According to the report, "if the government had not invested in the automotive industry, up to 80,000 automotive jobs would have been lost, and General Motors alone would have lost one million units of sales in 2009. Once Chrysler and GM emerged from their 'orderly' bankruptcies, the growth of automotive sector employment has been strong, with 52,900 workers added since July 2009. Had GM and Chrysler not successfully emerged, those jobs would have been permanently lost."
Dammit, big gummint communism, you win this time. But next time, for sure. (Think Progress)
-Cartoon time with Mark Fiore-
Hey kids, did you hear about the newest game show? It's called:
Click for animation
Sounds fun, but the prizes really suck... (MarkFiore.com)
"McConnell: Health Care Reform Leads America On A Path To Tyranny."
Yeah, just like the GM bailout was a path to communism... Take my advice, America; assume these idiots are always wrong.
Because they are. (Talking Points Memo)