FREEDOM WATCH TO INTERVENE TO TRY TO BLOCK GM BANKRUPTCY
Public Interest Does Not Support Massive Taxpayer Infusion to Save Company
(Washington, D.C.). Larry Klayman, the founder of Judicial Watch and the founder and chairman and general counsel of Freedom Watch, the public interest watchdog that promotes and protects individual liberties and freedom and fights government corruption today issued this statement in response to the announcement that GM, which is slated to obtain billions more of government support, has filed for Chapter 11 bankruptcy:
“As taxpayers, we and our supporters at Freedom Watch do not consent to the use of our monies to again attempt to bail out GM from its severe financial crisis, brought about by poor management decisions and the collapse of our banking system, whereÿ buyers simply cannot get favorable credit to purchase automobiles. And, who is the Obama administration to make the decision to commit tens of billions of dollars more of our hard earned monies to throw down a ’sink hole"’
Already, many economists are predicting that massive government debt will sink our economy in the next few years even if we reemerge from a deep recession by the end of the year. The increased bailout of GM will contribute to this projected second deep recession and I pledge that Freedom Watch will intervene to try to kill this ill conceived Obama plan to rescue GM with taxpayer monies. If there is a restructuring, it should all be done with private money, not the American people’s.”
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It is a very bad economic move to keep pouring taxpayer money into GM; they would be far better served (as would the taxpayer) if the Government would keep its hands off of the free market BUT this is the plan that Obama has had all along…socialize and become the only authority to which the entire American society has to answer. He is treading on grounds that are not constitutional and Congress is letting him get away with it! Where are the safe guards, where are the people with back bone? Are they so afraid of him that they will sacrifice the country??
If it were only that simple. This country is running head long into the World Government Camp and this is only a small step on the way there.
Don’t do it!
Stupid, stupid Americans! Stupid! Half our population is so stupid as to go gleefully along while Obama accomplishes an absolute coup d’etat, destroys America, destroys the free enterprise system, sets up white America for unavoidable persecution, and there is a larger number, I said number, not percentage, of whites than there are blacks and hispanics, rabidly defending the coup. Eventually, they will be the open and unprotected victims of Obama, yet they are obsessed with their own destruction. Stupid … I have never in history seen greater stupidity.
Mr. Templeton,
I could not agree with you more. Be afraid. Be very afraid. Our electorate has instrumentally destroyed the greatest country on earth. What kills me is how the Obamabots can do this when they have kids and grandkids whose lives will be spent like rats in a cage thanks to thier stupidity.
Goodbye freedom-hello socialism.