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Another Unfavorable deal for the Tax Payers

The GM bankruptcy is another misuse of tax payers money from the Obama Administration. GM bankruptcy is taking place after swallowing 19 Billion of taxpayers money and Obama promised to put another 30 Billion of tax payer money in the restructured new company afer bankruptcy.

The interesting thing to note is that tax payers will be loosing the job due to plant closures even when the tax payers money is being used to give to GM and all other corporations.  When this bankruptcy was to be done then why government first gave 19 Billions of tax payers money . Why they didnt alow GM to fail at the first time itself ?  The idea behind saving GM - to save Americans Jobs - still could not achieve but all we lose was thx payers money over and over again.

Everyone got benefitted with the GM deal but the tax payers. The Union (UAW), the governments and even the GM officials they all are in good hands of the current Administration. The only loser is as always the TAXPAYERS which is ALL OF US , the already struggling American Citizens. We need to stop all this and need to stop this NOW THAN LATER.

If we don’t act NOW , this approach can very well be repeated by current Administration in case of AIG and other institutuins. After giving 100s of Billions of taxpayers money , if on one fine day Obama decides to have another Govt. led bankruptcy for AIG or Citigroup, only WE WILL LOOSE and no one else.

We need a change and a government at white house which favors its citizens and care to help us not the Wall Street and other big failing corporations. Already the high taxes, increasing property taxes and educational costs, decreasing home values and virtually no credit/refiance/loans are making the life of a Middle Class citizen and its family worse. We need to help the Middle Class Americans. Please join together to raise a common voice together in favor of this country and its citizens.

God Bless America.