President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. Today, he raised the possibility bankruptcy for one or both of the auto giants.
Just a few months ago, he was saying that the auto industry is the life blood of the economy, that they are too big to fail, and that if we let them go bankrupt it would cause catastrophic economic conditions. WHAT A LOAD OF BULL! Now he wants to let them go into bankruptcy after we, the taxpayers, have spent billions of dollars attempting to rescue them. Obama should be impeached and removed from office for STEALING FROM 300 MILLION AMERICANS (AND THEIR FUTURE POSTERITY) SO THAT HE CAN PAY FOR COUNTLESS BAILOUTS.
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