“CHICAGO (MarketWatch) — The Treasury Department is resisting General Motors’ push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company’s reputation and its ability to attract top talent due to pay restrictions.”
So the Obama regime is RESISTING efforts of a private company to be private again. After forcing the resignation of their CEO, capping executive pay, and imposing the build out of their “green car” dreams, which is now out of production, the Obama regime is saying no to selling back it’s shares because of course that would then nullify Obama’s big campaign slogan – “We saved GM”!!
Unbelievable. Sadly though, the unbelievable has become believable in the surreal Obama universe.
Lot’s going on folks. Have at it and be civil.