Talk of The Villages Florida - View Single Post - Obama's speech to UAW convention
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Old 02-29-2012, 04:35 PM
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I don't know how to react to the irrational giddishness from the liberal left concerning Obama's triumphant march into Detroit. The GM Chrysler bailout cost taxpayers $81.8 billlion, ignored creditors rights, gave a large prtion of the company to the UAW and by manipulating corporate tax rules by fiat the Treasury gave an additional $18 billion more in assests. thus the Democratic Administration gave a massive tax benefit to one of its biggest party supporter at the expense of taxpayers. In addition the bailout reimbursement came from other taxpayer funds. While Obama crows about GM high profits the fact remains that they are not paying any taxes on those profits and will not for years to come. It kind of upsets me that as a retiree my tax rate is much higher than GM's Hmmmmmmmmmmmmmmmm

Boy, based on the affect Obama has on my pocketbook it sure make me want to vote for Obama (not)....