My Bologna Has a First Name

So, GM will be 72% owned by the government, 18% by the UAW, and 10% by the former bondholders.  HMMM --- Those three entities are all composed of the same kind of people ----- American citizens.  The only problem is that the only people who invested real money into the company were the bondholders, who are probably going to get 10-15% of their investment back, and the common stock holders, who get NOTHING.

The UAW, which is responsible for the costs that have led to the bankruptcy --- even though GM agreed to the ridiculous entitlements ----- gets 18%.  All this, and GM goes into Chapter 11.  GM could have done all this earlier, and saved 50 billion of our dollars, and the stakeholders could have fought for themselves without government bullying.

Where is the fiddle ---- Rome is burning.  Metaphorically, maybe the fiddle is the broadway play attended Sat. night.  How much taxpayer money was spent on that.

Say what you want -----  Obama is beholding to more people than any president in history. 

My bologna has a first name it's:  O-B-A -M - A      

Redistribution of wealth is the main component of bologna's last name:   C-O-M-M-U-N-I-S-M