Sorry that I had to borrow this old title from the Wall Street Journal, but it is more of a reality than it is a heading for a routine column.
I heard that Obama saved (nationalized) GM last year. Today, GM’s debt has increased by 24 billion dollars. Aren’t we glad that as taxpayers we now own this company. We are each now on the hook for another $83,333 dollars. You can just deduct this from your next net worth calculation.
But, the good news is that we have created jobs because the government is funding GM’s new manufacturing facilities being constructed in China. Oh, you didn’t know. It’s okay, they are Chinese jobs, because we don’t need no stinking jobs here in America. We got aid.