Can't the federal government save the Twinkies, like they saved General Motors?
Obama didn't save anything! In fact, there seems to be a growing sentiment that GM will need another bailout before Obama leaves office. The feds own 500,000,000 shares of stock. The value has shrunk to $10 billion and they (TAXPAYERS) have lost $16 billion.
For the feds to break even with the taxpayer dollars, the stock has to reach $53. Today its closed at $23.85.
Further, the bond holders were "hosed" by Obama. Many of these were older Americans who held them due to their stability and many use the income as they are retired.
So, Obama didn't save a damn thing! He put the American taxpayer on the hook, all the while currying the favor for union support!
