Monday, June 1, 2009

Here's Another Example of the Change That Was Promised

How quickly we have fallen into the socialist trap. This article from the Patriot Post written by Rich Galen speaks loudly and correctly of what is to come. Welcome to the age of Government Motors and the Change which was promised.

How long will it take for America to wake up or are we like the lobster in the pot who relaxes even more as the water gets warmer and only realizes that it has being cooked when it is too late.

"By the time you read this on Monday morning, General Motors will have declared bankruptcy. ... On April 28, 2000 a share of GM would have cost you $93.63. Last night you could have bought about 125 shares for that same money as GM was trading at 75 cents. ... Obama will own over 72.5 percent of whatever the 'new' GM looks like with a trust fund of the United Auto Workers owning the second biggest chunk at 17.5 percent. For those of you who, like me, are deficient when it comes to carrying-the-ones I did the arithmetic: The Obama Administration and the UAW will own 90 percent of General Motors. ... The government can't force us to buy GMs or Chryslers, but they can provide incentives for us to do it. The Congress can pass legislation giving an additional tax exemption or deduction for the purchase of any car made by a company which is more then 50 percent owned by the federal -- the American federal -- government. Conversely the Congress might pass a law putting an excise tax on the purchase of any vehicle not manufactured by a company which is more than 50 percent owned by the U.S. government. The scary part about how far across the collectivism causeway we have come in so short a period of time is this: A few months ago you would have snorted at the silliness of a suggestion like that. This morning you're saying, 'Oh, my, he's right. They might just do it.' The auto industry and health care are tied together. The thought of the government running them makes me car sick." --political analyst Rich Galen

4 comments:

Mustang said...

Here’s some interesting numbers to crunch. The bottom line is that we’re toast. Obama’s mantra of hope and change didn’t mean much to most people; it should mean something now. He’s a busy bugger, though. He’s dismantling the Constitution and our economy at the same time. I feel certain that long before 2012, even the French will be feeling some sympathy for us. The way I look at it, American voters created this situation—there is no one else to blame. The GOP could have selected a better candidate; working within our respective states, we the people could have stopped ACORN. It will only get worse, Ticker … much, much worse.

Bryan said...

"How long will it take for America to wake up..."

Unfortunately, many will continue to sleep, whether politically or spiritually.

"Therefore let us not sleep, as do others; but let us watch and be sober" (1Th 5:6.)

Keep pressing on!

Leslie said...

What a great way to make a buck, eh? Government owned business, federal gov. bullying tactics to make it successful.

To bad NOTHING the government puts its hands into works very well...and the American people are the ones who suffer. The problem is, yes, Obama was voted in by the un-thinking emotional crowd... only, now even we thinkers and personally responsible people have to suffer the consequences...

Ticker said...

Leslie, you have spoken well. The government doesn't do very well with things it seeks to run.

Bryan, yes, people are asleep and have been asleep. That is how the chief occupier got elected.

Mustang, I have to agree that it will get much worse before it gets better, IF it has the chance to even get better.