You've got to laugh, the Obama Library in Chicago is one very ugly building. Now, it's out of money, incomplete and a complete eyesore. Demolish it, move on.
Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts
October 23, 2025
October 08, 2015
A Reminder - GM - Where Did The Money Go?
Found the following article which explains clearly what happened as a result of the General Motors bankruptcy back in 2009.
http://www.dailywealth.com/2125/gm-americas-biggest-bankruptcy
Put simply, the union got the money and the bondholders were screwed. Don't worry about the company not being able to make a decent car, or the chance to have capitalism go to work and make the GM assets available to new entrepreneurs, No, Obama had to win Michigan and the US taxpayer forked out.
http://www.dailywealth.com/2125/gm-americas-biggest-bankruptcy
Put simply, the union got the money and the bondholders were screwed. Don't worry about the company not being able to make a decent car, or the chance to have capitalism go to work and make the GM assets available to new entrepreneurs, No, Obama had to win Michigan and the US taxpayer forked out.