Betrayal, Obama Style

German Chancellor Merkel had a surprise waiting for her, when she returned from what was a positive visit to the Americans and specifically the regime of one Barrack Obama. Upon arriving home, she was back stabbed by her ally over the GM Opel deal, upon which Merkel had placed so much of her and her party's reputation.

GM had agreed to sell Opel to a combination of Canadian parts manufacturer Magna and Russian bank Sberbank. In turn, the new owners planned to cut fewer jobs in Germany and other European countries and keep all four German plants open, than a GM restructuring plan that will see one or more and perhaps all four of the plants close and up to twice or more of the 4,500 layoffs planned by Magna.

To facilitate the deal, Germany ponied up 1,5 billion Euros (approximately 2,2 billion USD) as a bridge and another 4,5 billion Euro to facilitate the actual purchase. The 1,5 billion have already been delivered.

So in effect, GM, which is owned by the US government and thus by the Obama regime, grabbed the money and ran, back stabbing Chancellor Merkel's government and ripping off the German tax payer as well as raking Russian and Canadian investors over the coals and wasting their time and money. Needless to say, the Russian and Canadian governments, who helped sponsor these deals, have also had mud slung in their eye.

Than again, gentlemen, what did you really expect? If the American Marxist regime ignored American contract law and raped the owners and investors of the GM and Chrysler, its own citizens, to gain control of those companies, why would they not do the same to us, a bunch of foreigners?

Obama's betrayal also cuts into Spain's Opel operations, another US ally, whose workers made major pay concessions to facilitate the deal and are equally screwed, facing total or massive layoffs. Spain's Industrial Minister Miguel Sebastian was quoted as saying "Spain is not willing to go back to square one. We are not willing to budge even an inch."

The only ones in Europe who will benefit, surprise surprise, are the practitioners of the same brand of absolute corrupt corporate-state capitalism, the American fellow Anglo-Marxists, the British. Any real surprises there?

Look, after the hundreds of billions the US/UK government/finance cartels have cost us, why is anyone still shocked that they would try to screw the lot of us out of a few billion more?