The new Barney Frankicus of Government Motors

Government Motors designed their new Barney Frankicus car for tight rear end collisions…

Government Motors presents the Barney Frankicus with fully rounded rear-end storage to keep all your junk in your trunk.

Loading Frankicus

Image Source: (1)

The first Auto manufactured by Subsidized Government Motors

Did Subsidized Government Motors payback Obama and Canada?

In 2009, General Motors and Chrysler became Government Motors after receiving a $62.6 billion bailout in TARP loans. Chrysler received $12.4 billion and General Motors was restructured with the federal government owning $2.1 billion in preferred stock and 60.8 percent of the company’s common equity. General Motors received a $6.7 billion loan from the U.S. Treasury. According to Ed Morrissey, GM began repaying their loan using the Obama Shuffle where GM used their TARP Escrow funds ($16.4 billion as of September 30, 2009) to pay on their TARP Loan account on November 16th, 2009.

GM received $9.5 billion from the Canadian government structured as a $1.4 billion loan and 12 percent ownership. On April 22nd, 2010, GM repaid $6.7 billion in US loans and another $1.4 billion in Canadian government loans. According to Nick Massey, GM early loan repayment was another shell game since GM used some of the $43.3 billion equity investment (the Government Stock in the company) to repay their U.S. TARP and Canadian loans.

According to a Congressional Research Service report, the federal government reported a loss of $8.4 billion from Government Motors on May 1, 2013.

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The Wasteful Spending of Obamanomics

*For your reading and laughing pleasure, you may also like these related posts…

Footnotes:

(1) The Government Motors logo was photoshopped onto a video still image of the Barney Frankicus from the above youtube video.

(2) Related Tweets to The new Barney Frankicus of Government Motors

twitter


Miss Moneypenny

http://twitpic.com/prmy2 – Subsidized Government Motors is ready to payback Obama and Canada? http://tinyurl.com/ycxpzum

12:18 PM Nov 16, 2009


Miss Moneypenny

http://twitpic.com/prmy2 ‪#ObamaNewYearsResolution‬ Lube the Barney Frankicus to fit more Junk in the Trunk. http://tinyurl.com/m3f2td ‪#tcot‬

3:59 PM Jan 2, 2010


Miss Moneypenny

http://twitpic.com/prmy2 VOLT is the perfect Vehicle Obama for Liberal Travel ‪#ChevyVoltSlogans‬ ‪#GM‬ ‪#tcot‬

10:01 PM Jul 30, 2010

* Note: Miss Moneypenny posts Political Satire on Twitter at twitter.com/moneypenny008 and Twitpic at twitpic.com/photos/moneypenny008. Readers can also view my tweets and Twitter conversations at tweetree.com/moneypenny008.

My WordPress Blog will be used to archive selected Political Satire tweets.

The new Barney Frankicus of Government Motors is Political Satire by Miss Moneypenny aka Debbie Dolphin

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Miss Moneypenny reporting for the Undercover Times

About Miss Moneypenny

Contrarian Comedienne who creates Photoshop Political Satire and comedy.

Posted on November 27, 2009, in Humor, Political News, Political Satire, Satire and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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