Here we go again. Déjà vu all over again as General Motors spreads rumors that they are tired of being Government Motors and they are so cash rich that they offered to buy Treasury’s taxpayer-funded stake in the company.
In typical deceptive GM fashion, sources were not named and spokesman Jim Cain refused to confirm the rumors. This is not the first time GM played the rumor game, as I previously wrote about over a year ago.
Supposedly, GM wants to buy back about $5 billion of sharesfrom Treasury, but Treasury just won’t sell. No kidding. As if GM honestly believes the Obama Administration would sell shares at a loss to taxpayers before election time. But honest and GM are two words that, when
used together, seem to be oxymoronic since the company became known as Government Motors. Are we to believe that there were good faith meetings between GM and Treasury regarding a GM buyback of shares? Is the puppet media that gullible that no one will expose the obvious attempted deception that GM thinks there is a chance that Obama will sell taxpayers’ GM stake two months before election time?
So, we have a twisted Detroit version of the Godfather story with GM supposedly making Obama an offer they know he will refuse. Perhaps the President will wake up in bed with a depleted Chevy Volt, volatile, lithium-ion based battery in his bed instead of a horse head. Much scarier!
Let’s look at a few facts……….