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Politics : Andrew Breitbart's Work Continues
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From: Honey_Bee8/2/2012 10:07:14 PM
1 Recommendation   of 1176
 
Facebook and GM are both imploding. The difference is that Obama "saved" GM unions and shafted the bond holders and taxpayer. Facebook hasn't done that -- yet:


General Motors is Imploding — and Team Obama is Lying About It

How Much of this "Success" Can We the Taxpayers Take?

Last week we cataloged how much General Motors (GM) likes firing people.

As we pointed out, 2009 was not a good year if you were a Republican-donating GM or Chrysler dealer.

(M)ultiple dealers who have been closed are found to have contributed millions to Republicans and mere hundreds to Obama….

“It became clear to us that Chrysler does not see the wisdom of terminating 25 percent of its dealers. It really wasn’t Chrysler’s decision. They are under enormous pressure from the President (Obama)’s automotive task force,” said attorney Leonard Bellavia.

The $82 billion automotive bailout was supposed to “create or save” American jobs. But this Republican hunt killed 100,000 gigs right out of the gate.

And Europe has (again) become a GM employee graveyard.

GM Heads Roll in Europe

GM intends to shed another 500 managers in Europe, adding to the 8,000 factory workers let go over the past three years as part of a massive though only modestly successful push to cut costs.

GM is serially throwing people over the side in part as a personnel bailing of the sinking ship. But it appears the Bad Ship Bailout is going down even faster than we knew – or they can address.

Read more: pjmedia.com
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