477.) President Obama bought GM in 2009. He gave 17% to the UAW which helped to get him elected. Last week President Obama praised the IPO of GM. He acted as if this was proof postive that his plan had worked. The truth is that the United States Treasury lost 4.5 billion dollars on the stocks sold on the first day of trading. Yet the President says we are well on our way to earning our investment back. President Obama said that the buy out was the only option. That bankruptcy would have just ended the production of cars and the jobs would have disappeared. However even after the government bought GM they filled for Bankruptcy. The bail out of GM was a terrible idea, and is a terrifying concept. The government stole from the private citizens and gave to the Unions. They took wealth from bond holders and gave it to the Unions, this makes investors nervous about investing in bonds. The ends do not and should not justify the means. What happened at GM was criminal, that is all there is too it. The buy out created a precedent, that it is okay for the government to steal from us, to shred our property rights, so long as it turns a profit for someone. That is wrong on all levels and never should have happened. To support the GM buy out is to support the idea of legal theft.
478.) North Korea started an artillery attack against South Korea on November 23. It lasted for an hour and a half and left two South Korean soldiers dead. The always wise and well spoken Robert Gibbs gave the White Houses offical position. “The United States strongly condemns this attack and calls on North Korea to halt its belligerent action and to fully abide by the terms of the Armistice Agreement, The United States is firmly committed to the defense of our ally, the Republic of Korea, and to the maintenance of regional peace and stability” Why does the White House think that North Korea will take them seriously. They come out saying that was very bad, be nice or else, but President Obama doesn’t have anything to back up that or else. He has taken every step he can to discredit any threat the United States could make. He told Iran not to develop nuclear reactors or there would be sanctions, well the sanctions were worthless and Iran did it anyways. He supports setting military combatants free in civilian court all to proove a political point. He underfunds and undersupplys the military in Afghanistan. Why does the President Think that a stern talking to will make North Korea shake in its boots? President Obama believes that consiqences are not needed, that just setting boundries works. The President Cannot just condemn the actions, they have to let the North Koreans know that their blatent attacks agaisnt an American Ally will not stand. President Obama did a great Job of this when the day of the attack he refused to appear in person and actually come out against the attacks, instead he chose to hide and send his puppet Mr. Gibbs out to do it for him. This prooves that President Obama is not equiped to deal with the reality of the violent world we live in.