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Friday, November 19, 2010

postheadericon President Obama's capitalist triumph on autos

Let's see if those Adam Smith wannabes on the Republican right, and Roger Ailes of Fox who again called President Obama a socialist, will give the president a standing ovation for his capitalist triumph in saving the American auto industry.

General Motors is now profitable. The auto business is coming back big time. The major Wall Street firms, private equity funds, mutual funds and hedge funds have been breathlessly trying to get their hands on the new GM stock.

Remember when they called it "Government Motors"? Now they can call it Profitable Motors. Now they can call it the capitalist stock they all crave. Now they can praise the President for a job well done.

Or they can continue the Big Lie that Obama is a socialist, while they hunger for their profits from the capitalist stock he created for them, which turned a failed industry into the comeback capitalist story of the year.


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