Rush Provides Another Reason to "Buy GM"

After years of giving the American public more reasons to vote Democratic, Rush Limbaugh is now beginning a new campaign to get Americans to buy GM cars.

The people saying they don't want to buy anything at General Motors are not mad at General Motors. They don't want to patronize Obama. They don't want to do anything to make Obama's policies work! This is an untold story, by the way. Of course, the government-controlled media is not gonna report anything like this but there are a lot of people who are not going to buy from Chrysler or General Motors as long as it is perceived Barack Obama is running it, because people do not want his policy to work here because this is antithetical to the American economic way of life. The government does not own car companies; the government does not design cars, not in a country that works. So people aren't going to buy products from companies that Obama runs.

That's right. The new slogan for General Motors should be "Screw Rush--Buy GM."

No Surprise There. The federal government has announced that its committing 6 billion out of the TARP fund to support GMAC--the financial arm of General Motors.

The Treasury will purchase a $5 billion stake in GMAC and lend $1 billion to GM so the automaker can contribute to the lender’s reorganization as a bank holding company, according to a statement issued yesterday. The loan is in addition to $13.4 billion the Treasury agreed earlier this month to lend to GM and Chrysler LLC.

It's the logical thing to do. GMAC is a financial institution that's oriented toward making loans for people to purchase automobiles. They're a better bet for TARP funds than banks that want to buy other banks.