Tonight’s DNC celebration of the massive redistribution of wealth from American taxpayers to…foreign auto plants and overseas auto workers. Tonight’s speakers will wrap the auto bailout in red, white, and blue. The antidote to their narrative-warping is for the GOP to amplify the voices of the victims of Obama/Big Labor cronyism and command-and-control market meddling: the Delphi workers, thebondholders, the dealers, the ripped-off taxpayers, and the rule of law. Seize the day, seize the narrative.
Cue “Fanfare for the Common Man” and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the “rescue’s” benefits for American workers. UAW President Bob King will sing the savior-in-chief’s praises.
GM Stock was $33 dollars, approximate when the federal government took it over and gave it to the UAW, it is now (today) selling for approximate $22.64. Some success, wouldn’t you say. Apparently the market has a different opinion. How would you see your stock if you owned GM?