GMAC .. the lending arm of General Motors and now Chrysler…. Obama Motors … is about to be purchased by Tim Geithner for Obama.
Now owning 35% of GMAC .. the Treasury Dept is planning to “invest” another 7.5 billion of our money to gain a majority stake in GMAC for the government.
GMAC will then get its funding from the bailed out banks who are still getting more bailout money of ours… in other words.. also now owned by Obama.
So .. it will be a full cycle once this and the bankruptcy proceedings are completed for Chrysler and General Motors (they will go in to bankruptcy..wait and see).
Obama will then have full control .. from who runs his auto companies to the design of the cars to how many mpg they get to where they are made to who makes them to which ones will be imported from where to whom will buy them for how much from whom and where they will get their financing from.
Isn’t government grand?
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