My Government Spent BILLIONS On GM. . .

. . .and now it appears GM may go bankrupt anyway?

Billions and billions of my, of our taxpayer dollars. To General Motors. And also to the UAW -- who, by the way, made nary a concession of note.

And wasn't it me who wrote, some time ago: let these companies fail -- ? Let the Big 3 fail? Because they'd have to go Chapter 11 and be forced to restructure?

So now the Wall Street Journal writes:

GM on Monday said it will address "the tough issues to improve the long-term viability of the company," including the restructuring of its financial obligations, as it responded to Washington's calls for stronger plans to stay afloat.

The administration says a "surgical" structured bankruptcy may be the only way forward for GM and Chrysler, and President Obama held out that prospect Monday.

A " 'surgical' structured bankruptcy." Isn't that what you read as well?

So what was the damned point? Where did that money go? Don't we ALL deserve an EXPLANATION from GM and from the government?

Furthermore, has this been the object all along? That is to say, an "infusion" of cash into some industries, banks, investment firms -- with the ultimate points being these:

1. To use these massive cash infusions as "cover" for social engineering programs by the Demorats;

2. In order to let these industries, firms and banks in fact go bankrupt, so that they may ultimately be controlled by the US government?

We should DEMAND an explanation for this! It is fiscal insanity.

BZ