How do you like the idea of the Imperial Federal Government of the United States owning ALL of General Motors? Well, it could happen! Yeah, I know ... that's pure socialism. But look who's in the White House! A typical Marxist grad student is running the show. Don't act surprised.

According to Reuters:

General Motors' plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.

The new company is expected to honor the claims of secured lenders, possibly in full, according to the source.

The remaining assets of GM would stay in bankruptcy protection to satisfy other outstanding claims.

The government's plans include giving stakes in the new company to GM's union and bondholders, although the ownership structure of the company is still being negotiated, said the source who is familiar with the company's plans.

In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said.

But when it comes to the unions, UAW president Ron Gettelfinger says that he plans to sell the union's stake in Chrysler and GM in order to raise cash to cover retiree healthcare costs.

I'm looking for the part where the government is required to privatize. If you see it, let me know ... or is General Motors, along with Chrysler, going to be a ward of the state.

By the way ... Yesterday PrezBO announced his plans for a 39-mile-per-gallon corporate fuel economy average by 2016. Not going to happen. Any American automaker who tries to meet this goal is going to have to sell so many tiny and unsafe high-mileage cars that it will be virtually impossible for them to be profitable without adding thousands to the price of the models that people actually want to buy. This is what you get in a government-run economy. Products that people don't want to buy, but that please the snot out of special interest groups like the Sierra Club.

The Republican Party believes that it has turned a corner and is making a comeback. Republican National Committee Chairman Michael Steele has vowed for the GOP to more aggressively confront Barack Obama. Yes, this is how they are going to make a comeback ... by being more aggressive against Obama. Steele says that despite Obama's obvious personal popularity, the Republicans are prepared to take him on.

Now apparently, a lot of people in the Republican Party think that this is silly to confront the most popular Democrat: Barack Obama. Instead, they want to focus on less popular Democrats in order to show their strength. This is actually a good line from Michael Steele. He says, "They suggest that instead we should go after Nancy Pelosi, whom nobody likes. Or Harry Reid, whom nobody knows. Or this Tim Geithner fellow, whom nobody believes. Or maybe even Barney Frank, whom nobody understands."

Here's an idea for the Republican Party .. why don't you focus on getting some productive ideas of your own, rather than worrying about Barack Obama and the Democrats. No. one on the list? The FairTax.

A listener pointed me to this letter from a Dodge dealer down in Florida. Thought you may enjoy ....

My name is George C. Joseph. I am the sole owner of Sunshine Dodge-Isuzu, a family owned and operated business in Melbourne, Florida. My family bought and paid for this automobile franchise 35 years ago in 1974. I am the second generation to manage this business.

We currently employ 50+ people and before the economic slowdown we employed over 70 local people. We are active in the community and the local chamber of commerce. We deal with several dozen local vendors on a day to day basis and many more during a month. All depend on our business for part of their livelihood. We are financially strong with great respect in the market place and community. We have strong local presence and stability.

I work every day the store is open, nine to ten hours a day. I know most of our customers and all our employees. Sunshine Dodge is my life.

On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars. This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as "new," nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.

Our facility was recently totally renovated at Chrysler's insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank.

HOW IN THE UNITED STATES OF AMERICA CAN THIS HAPPEN?

THIS IS A PRIVATE BUSINESS NOT A GOVERNMENT ENTITY

This is beyond imagination! My business is being stolen from me through NO FAULT OF OUR OWN. We did NOTHING wrong.

This atrocity will most likely force my family into bankruptcy. This will also cause our 50+ employees to be unemployed. How will they provide for their families? This is a total economic disaster.

HOW CAN THIS HAPPEN IN A FREE MARKET ECONOMY IN THE UNITED STATES OF AMERICA?

I beseech your help, and look forward to your reply. Thank you.

Sincerely,

George C. Joseph
President & Owner
Sunshine Dodge-Isuzu

The Mayor of San Francisco has a proposal for all you filthy, disgusting smokers who insist on throwing your cigarette butts out onto public streets. So he is going to impose a fee on cigarette butts.

The taxpayers of San Francisco pay $10.7 million annually in order to clean up cigarette butts from gutters, drainpipes and sidewalks. The butts make up one quarter of all trash that the city picks up on the taxpayers' dime. So the city will add an additional 33 cents to the cost of every package of cigarettes. I guess that will cover the cost.

Question ... can you save your butts and turn them in for a deposit on the 33 cents? That would be a bit over a penny per butt.

Smokers are slobs. They don't care about their own health, why in the world would they care about littering the streets. That's nothing compared to what they're doing to their lungs.

Are you buying Barack Obama's (expensive) plan for cleaner, more fuel efficient cars? Here's a concept .. why not let the free market decide if it wants more fuel efficient cars? Wait a minute. Government knows best. Almost forgot.

This author says that Obama's proposed mileage standards may kill more Americans at a faster rate than the Iraq War. Dead Americans don't matter to the environmental crowd.

If gas prices stay low, Americans are less likely to buy into Obama's plans for vehicle fuel efficiency.

The House approved an expansion of this Helping Families Save Their Homes Act to assist homeowners facing foreclosure.

Yesterday the Senate overwhelmingly passed the credit card reform bill. People who run up huge credit card balances that they don't pay in full every month deserve to be abused. Stupid behavior should be punished.

Someone has decided to tackle the Flat Tax vs. the Fair Tax.

The Democrats are doing the Hokey-Pokey with this $80 million in funding to close Gitmo. They have now decided to pull the money out of the war spending bill. They know the danger in closing Gitmo - but PrezBO needs to be protected.

Barack Obama doesn't believe that school choice is an option to improve our education system in this country. That's because the unions don't like the idea. By the way, he exercised school choice in deciding where to send his kids.

On to some of the more important things in Washington ... the Pentagon said that it no longer includes a Bible quote on the cover page of daily intelligence briefings for the Obama administration.

A Muslim leader says that 'climate change' is the terrorist America should be fighting. Yeah .. climate change may walk into a crowded theatre wearing a bomb any time now.

Joe Biden is at it again .. claiming that this economic stimulus has created 150,000 jobs, which is entirely untrue.

Which politician tried to buy votes by handing out checks and free vegetables to the poor?

How did the Louisiana legislature manage to override Gov. Bobby Jindal's rejection of $98 million in federal stimulus dollars? Easy ... someone relied on the laziness of government officials.

A study out of Australia shows that the obesity epidemic in the US is due solely to increased food intake. Gee ... how did they figure that out?

Take a peek at the coversheets of the Worldwide Intellegence Updates to the Oval Office given to President Bush during the first days of the Iraq War.