The American taxpayers, by decree from Der Black Fuhrer Barack Obama financed the killing machine known as General Motors.
Any other organization would have closed its doors, or at least been bought and placed under ethical management; but not GM.
In a time when a loan for $50 billion gets America a payback of $40 billion–for the Liberals I should explain: that’s a $10 billion LOSS–that’s declared a profit.
Recall that GM knew about faulty ignition switches in Chevrolet Cobalts and other small cars for more than a decade, but didn’t recall them until February. The switches can slip out of the “on” position, which causes the cars to stall, knocks out power steering and turns off the air bags.
Hey, when you’ve only gotten $10 billion FREE dollars, you have to cut a few corners. In the long run, who needs a running vehicle, power steering, or air bags?! The first cars didn’t have all those accouterments.
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So at last count we were told that 50 people died in crashes. Well, here’s your update. And like all “government” updates, the news is not good.
Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday, and with five days before the deadline to file claims, Feinberg has received 338 death claims and 2,730 for injuries.
Feinberg will accept claims until Jan. 31.