FACT: THE GM BAILOUT IS ANOTHER EXAMPLE OF CRONY CAPITALISM WHICH HAS NOT WORKED!

THE LEFT IS TOUTING THE RECENT REPORT THAT GM MADE BILLIONS IN RECORD PROFITS AS PROOF THAT THE BAILOUTS WORKED.

THIS IS BS.

GM STILL OWES THE TAXPAYERS $20 BILLION BUCKS FOR THE BAILOUT AND ON TOP OF THAT HAD ABOUT $45 BILLION IN TAXES WRITTEN OFF - SOMETHING THAT WILL AID THE UAW OWNED GM FOR YEARS TO COME.

THE TAXPAYERS ARE HOLDING THE BAG, BUT UAW WORKERS GOT $7000 IN "PROFIT-SHARING" BONUSES - THE LARGEST EVER.

HAD GM BEEN LEFT TO GO BANKRUPT, OTHER COMPANIES WOULD HAVE COME IN TO BUY THEM AND/OR THEIR PARTS - AS CHRYSLER WAS BOUGHT BY FIAT. AND FIAT/CHRYSLER IS DOING FINE.

AND IT WOULDN'T HAVE COST THE TAXPAYERS A DIME.

THE GM BAILOUT IS ANOTHER EXAMPLE OF CRONY CAPITALISM THAT IN THIS CASE BENEFITED THE UAW - A UNION LIKE THE NEA AND THE SEIU AND AFSCME- THAT'S PART OF THE OBAMA MACHINE.