U.S. Treasury Turns Down GM’s Offer to Buy Back Shares .....

Truth hurts when it sees the light of day.....

General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent.

But Treasury officials aren’t interested in selling because it would mean posting a multibillion dollar loss during an election year, the Wall Street Journal reports.

The Chevy Volt: Another Obama Green Investment Loses a Billion ..........

The Chevy Volt costs close to $90,000 to manufacture while it retails for $40,000 according to information gathered by Reuters.

“Nearly two years after the introduction of the path-breaking plug-in hybrid,” writes Reuters, “GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.”

Emails: Treasury drove cutoff of non-union Delphi pensions....

But remember - THEY are for the "working Class"...unless they aren't in a Union.......

The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.

Newsmax.com - Stimulus Demands Will Doom Obama

Newsmax.com - Stimulus Demands Will Doom Obama:

Now President Barack Obama says in The Washington Post that he never envisioned that his stimulus package would afford quick relief to the American economy, but would do so only after it had run its two-year course. But when it was passed, Obama sang a different tune, urgently demanding its enactment to speed relief to a sagging economy. He claimed it would 'create or save' 600,000 jobs. Now, even as the economy loses 450,000 jobs each month, he pretends that it is a matter of time until the stimulus kicks in."

Government Ownership of Auto Companies and Your Next Car Purchase

News Articles: Politics, Government Ownership of Auto Companies and Your Next Car Purchase: "Most of our readers work for the federal government or are retired from the federal government so they are often closer to the political process than most Americans.
Readers think that the future decisions made by the company will reflect the administration's political agenda. 69.4% say that future company decisions will reflect a political agenda; 16% say that decisions made by GM and Chrysler will not reflect a political agenda; and 14.7% are undecided."

Auto Czar Quits Post Six Months Into the Job - WSJ.com

Auto Czar Quits Post Six Months Into the Job - WSJ.com: "Steven Rattner, chief architect of the bailouts of General Motors Co. and Chrysler LLC, is leaving the Obama administration after less than six months on the job and just days after ushering GM through a speedy bankruptcy-court proceeding."

See the USA in your Chevrolet | Cal Thomas

Cal Thomas:

"See the USA in your Chevrolet 
America is asking you to call. 
Drive your Chevrolet through the USA 
America's the greatest land of all."

Fifty years ago, those words set to music each week on the old NBC 'The Dinah Shore Show' reflected an America and an automobile industry that is no more. That time and that industry were laid to rest this week when General Motors filed for bankruptcy and the government effectively nationalized GM and Chrysler after wasting billions of our tax dollars on a failed bailout."