President Obama said in a cable news interview he is confident General Motors would thrive after restructuring.
"Ultimately, I think that GM is going to be a strong company and we are going to be pulling out as soon as the economy recovers and they've completed their restructuring," Obama told C-SPAN in an interview scheduled to air Saturday.
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I think we'll be heading back to horse-n-buggy. Or follow the old Soviet model where private ownership of a vehicle is limited by the State.The Obama administration favors green energy and provides generous tax subsidies to wind and solar. By contrast, this week the oil industry complained that Obama proposed hiking their taxes by $70 billion over 5 years, including a $122 million on leases the administration considers non-producing."If you penalize oil and gas, and add taxes, it is going to make it much more difficult and more expensive. That means U.S. jobs are exported and we won't get the revenues from royalties," said Landry.
And further dependence on foreign oil. Arab oil. Take a bow!
We are at war with Eurasia. We have always been at war with Eurasia. Eastasia is our ally.