The taxpayers will always take it up the ass without any lube.
Back in 2009, King Pimple of a Man threw GM into bankruptcy (and yes he did so) and then leveraged the forced bailout into (1) enriching his Democrat party by whoring bankruptcy law to screw share and stockholders while rewarding the UAW and (2) exploited the taxpayers of America to finance this whole sham so that the UAW could be further enriched and the Democrat party could be further enriched in the process.
We were told that squandering $49.5 billion on GM, a company that had long forgotten how to innovate and to design and to build quality products, was going to "save and to protect" American jobs.
In short, the reason given to save GM was that we had employees who needed their jobs protected.
And then this began the whole host of Obama lies that ended up shafting the American taxpayer to the tune of over $30 billion in never to be recovered dollars which will continue to grow as we pay the debt with more debt and pile interest onto interest onto principal which will be refinanced on the backs of your grandchildren's grandchildren.
Perhaps none of this would be criminal or dishonest had jobs been actually preserved AND then grown. But in the United States, this bailout proved to be a zero job protector. In Canada, jobs were actually lost, but Canada did a separate bailout of GM even as GM USA was getting tens of billions to save the company overall.
Corporate double-dipping. Gang raping of international taxpayers.
Oh, but wait, there is more.
Over $10 billion of the US bailout was diverted to improve GM's Chinese operations and this was a requirement in order for the Chinese to provide the dollars for the bailout. China needed jobs and it needed to put its people to work and China also desperately wants to penetrate the US automotive sales market and can't do so with Woo Chung Motors but it can do so with Buick and whatever else is left.
You see, the Chinese knew that GM wouldn't last.
And it would soon be run by a woman. She was an engineer it is said but had no knowledge of how GM's ignition systems could have killed more people than were roasted in Ford's Pinto.
But I digress.
Fast forward to 2018 and the reality of the automotive market is this.
Cars don't sell.
CUV's and SUV's selling friggin well.
And first tier pickup trucks made only by Ford and Ram selling fucking well.
And GM's trucks sell like they are infected with Ebola. Stupid people buy them and then they contract a disease and don't buy another GM pickup. Then they try more third rate truck brands like Toyoduh and the Neanderthal Nissan and end up buying a Ford or Ram the next time.
There is no real growth in GM pickups. Loyalty dies even if JD Powah awards shit because it held together in the first 90 days of ownership.
So now that GM has to face the reality that its cars suck and people are avoiding them like the plague.
Five or six plants that currently employ over 10,000 employees will end up being closed.
How well did your $30 billion plus do to save and to preserve jobs?
Not one. Never. Vapor Jobs.
So what must be done now is to find GM in breach of its agreement with the taxpayers and to shut them down. Demand total recompensation to the American Taxpayer even if it means seizing every asset of GM right down to every nut, bolt, and Chinese Buick parts.
There is no way in hell that any bailout can be considered worthwhile if the premise of the bailout was to save jobs and the company is killing 10,000 American and Canadian jobs while running their slant eyed Buick operations at full tilt without any cuts. And to add insult to injury, the mother fuckers at GM are exporting a Buick to America to satisfy its SUV needs!
It is time for Donald Trump to seek immediate dissolving of GM and to sue it out of business. It is time to make the American taxpayer whole and to jail Obama and his minions in the Democrat party who crafted this forced bankruptcy only to line the pockets of the Democrat party and the UAW.
GM is sinking. Let's send her to the bottom of the sea. But let's get their assets before the Chinese nationalize the Chinese GM. Let's sink this bitch and send it to hell where it should have gone in 2009.
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