GM gets $4 BILLION more as they prepare for BANKRUPCY???..What The!!!!

Obama’s timing for things like this. Friday afternoon before a holiday weekend, so that no one in the news will pick this up. General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month. The latest $4 billion in “emergency funds” extended by the Obama administration take the total government funding to keep GM afloat since the start of the year to $19.4 billion, according to Yahoo.


No TweetBacks yet. (Be the first to Tweet this post)

Related posts:

  1. Obama asks Congress to back IMF boost – US contribution to the fund to 100 billion dollars Well so much for Hussein Obama “trimming the budget” by...
  2. Nationalizing Banks USA: Another day, another multi-billion-dollar bank bailout for Citigroup (Photoshop credit: Radio Vice Online) Another day, another multi-billion-dollar...
  3. Another $19 billion in bailout for Barney Frank’s Fannie (Mae) The government-controlled company said its regulator requested $19 billion from...
  4. Call your House reps and congratulate them on approving $108 BILLION for foreign bailout Spreading that wealth around has reached a new level today,...
  5. $2 Billion more approved for Cash for Clunkers Maybe this “infusion of cash” will allow the Cash for...

Related posts brought to you by Yet Another Related Posts Plugin.

May 23, 2009 · Filed Under General Motors, Government Spending

Share/Bookmark

Read 196 times

Comments

Lets hear your point of view! - A warning to the liberal whiners who seem intent to flood our comment section with profanity. Save your keystrokes. The anti spamming script will just automatically delete your comment. Feel free to disagree with the host on any article posted here, but flame baits, racism, and profanity laced tirades will NOT be tolerated, and will eventually get your IP address banned!




www.e-referrer.com