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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (143780)6/18/2014 1:13:22 AM
From: i-node  Read Replies (1) | Respond to of 149317
 
Seriously, teddy. You're citing a "fact checker" that is run by the liberal media. No one but liberals fall for that bull.

You are confused about the difference between a managed bankruptcy and the kind of corrupt, outrageous, extortion Obama used. The money would have been there, but if it had not have been, it could still have been lent by the US Government just as was done with Chrysler years ago.

And it was extortion, by any reasonable definition. Not unlike Don Corleone, he held a gun to the lender's heads and told them their signatures or their brains would be on the paper. The gun was the TARP money. He extorted their interests in the GM debt from them. And it was outrageous and should not have been done.

The Romney plan was far superior in every respect and would have resulted in a stable GM rather than what we now have which is a union-infested loser of a company that will be begging for more taxpayer money in the future.

It was the beginning of a long record of absolutely lawless behavior.