GM will go bankrupt again! President Obama saved GM. At least that's what we've been hearing over and over again. But have you ever asked yourself if it's actually true? By the month of June GM reported a 16% spike in sales. That's a fact! You might say GM is back on track, but if you take a closer look you will find out that it's a whole different story. Obama wants you to believe that GM gained the ability to turn around the company on $50 billion in taxpayer dollars. What the government doesn't want you to know is that GM never received $50 billion dollars, because $30 billion went to the UAW for stuff like: 7 weeks paid vacation each year, $74 an hour in salary and benefits and Health Care covering things like: lasik eye surgery, drug coverage ). So the President tells us that GM was able to do what they needed for just $20 billion dollars. Do the math, GM will go bankrupt again. At least if Obama gets 4 more years in office. Remember " When I have more flexibility!" ( hot mic situation with Dmitry MedvedevDmitry Medvedev in Seoul on March 26th).