Just in case you didn't feel bad enough that our tax dollars were appropriated by that star lit economy team in the White House to line the pockets of the 'in' people at GM and the officials of the United Auto Workers unions...... you are hereby authorized to feel $400,000,000 (millions)worse this morning.
That's how much Gob'mint Motors paid for 7% of the failing Peugeot Motors of France. A car company who's credit rating has been downgraded to 'junk' status by Moody's.
To help support and rationalize this idiot move - GM claim to fame is their success with ownership of the Euro Opal company --- which lost more than $700,000,000 (millions) last year. Of course - they have the Opal Ampere (read Euro Volt) to prop them up!!!
And on it goes......... Oh, in case you were worried, the Peugeot family, with their $2,000,000,000 (billions) in personal worth, declined to buy any GM stock... guess they are smarter then some others we know.
Like the commercial says to the American taxpayer, "What's in your wallet?"
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