Obama CEO of GM : The Road to Fascism in America - A Study in Tyranny

President Barack Obama now owns General Motors, even though he insists he's taking it out only for a spin.

Hours after the government sent GM into court Monday to file for Chapter 11 protection, Obama declared, "What I have no interest in doing is running GM."

But with a 60 percent equity stake in the carmaker and $50 billion in taxpayer money riding on GM's success, the federal government is far from a hands-off investor.

Obama and his economic team stress that the government's goal is to get GM back on its feet, maximize the return to taxpayers, and exit quickly from its involvement. But as one administration official put it, there is an inevitable tension between those objectives.

And the snap in that tension could sting — politically for Obama, economically for the auto industry and fiscally for the taxpayer.

How well a leaner GM adjusts after a trip through bankruptcy court is an open question. So is the payback to taxpayers. Administration officials already have warned that $2 of every $5 pumped into GM might be difficult to recover.

Given the economic crisis, the Obama administration's aggressive intervention is a defining moment for capitalism. Whether the president's actions serve as a private sector lifeline or a tether is a question that Obama and his economic team must confront not only with GM and Chrysler, another bailed-out automaker, but with the financial sector as well.

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[FalconMan1960]

Nancy Pelosi is a lying bitch. Get her out of office. NOW.

[denbar]

When I left Hawaii and was transferred to Florida , I still had the Hawaiian plates on my car, as my car was shipped from Hawaii . I was parking somewhere (I can't remember) and a guy asked me "Wow, you drove from Hawaii to here?" I looked at him and quickly said "Y! ep. I took the Hawaii/San Francisco Bridge". He nodded his head and said, "Cool"!

STAY ALERT! They walk among us.... they REPRODUCE.......... and they vote !

[ruapraia]

@denbar I literally fell to my knees laughing, that true story you told about the Hawaii / San Francisco bridge was hilarious !!!! I read a lot of things here on youtube but so far yours is the best. They walk among us...rotf !!

[k3n0138]

this is stupid.

[computerpurple]

Looks like it's halloween time.

[UltimateRuko]

Obama is Satan incarnate!

[denbar]

I tell no lie's............it's the truth

[SpasticSasha]

lol pls tell me you made that up

[mwgfitness]

Obama is the devil's child son of satan

[4thkind]

is not obama took gm over is gm who paid obama and now get some favor back

[beanio12]

Fascism started with Bush because he named a racial enemy (muslims). Obama is just speeding up the process a little. Watch OUT America!