Editorials published by the Goffstown Residents
Association are written by various members and
contributing non-members of the GRA.

June 5, 2009
The Soviet States of America

Let's see now...didn't President Barack Obama tell us that the General Motors bailout was necessary to prevent bankruptcy?  And didn't he assure us that the government intervention, i.e., billions of dollars of taxpayer money, was needed to prevent this from happening?

This administration just sunk lots of other people's money into a bad investment.  Remember that the justification for these billions of dollars for U.S. car companies was, "If they go bankrupt, it will be the end of the economy."  Well, the result of this brilliant plan is that two are bankrupt.  

Political agendas have nothing to do with truth.

So now GM wends its way through bankruptcy with the help of another $30 billion of taxpayer money.  The initial billions didn't cut it, and bankruptcy happened anyway.  It's the same result with just one little difference – the government now owns the biggest piece of this pie, and continues to expand its tentacles into every corner of our society.

Will GM be run with the same degree of success as Medicare, Medicaid, Social Security and dozens of similar programs?  Can you say "U.S. Postal Service" or "Amtrak"?  

This entire auto-industry bailout mess is symptomatic of how out of touch Obama and his administration is with the realities of our current economic crisis.  Last week, while the rest of the nation is suffering through a near-depression, President and Mrs. Obama jetted off to New York at taxpayer expense for "date night".  That is the height of arrogance. 

Clearly Obama is much more in touch with the rock-star trappings of his office than with the people he was elected to serve.

Welcome to the Soviet States of America, where the government controls banking, insurance, investments, health care, executive pay and now, the auto industry. 

I can't wait for the next Yugo, built by government-owned GM.



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