Today US bankruptcy judge Robert Gerber gave the green light to allow GM to declare bankruptcy, leaving bondholders, consumers, consumer groups and unions in the financial dust. The move was seen months ago by anyone who isn't a statist-minded Obama maniac, or by anyone who still has more than half a brain.
Luckily for the taxpayer, the automotive industry bailout is only costing every man, woman and child in America a measly $874.00. But unfortunately for the American taxpayer, the Obamas and their crew have bigger plans in store. The insurance industry is still struggling. Healthcare “reform” should only cost about 1.7 trillion dollars. Municipalities are coming up short all across America. And the “stimulus package,” which clearly is nothing of the sort, is in what appears to be just its first installment.
Now is when we should all be afraid. Very, very afraid. They're coming for your paychecks, people. And there's nothing you can do about it.
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