ANOTHER WINGNUT MYTH

On this POLITICO thread, I've come across a wingnut lie that I've never bothered to refute:

"obama decided to SCREW the GM bonders and give a functioning company to the UAW for political reasons."

Here's the truth:

G.M. Bankruptcy Plan Clears Bondholder Hurdle
By NICK BUNKLEY
Published: May 30, 2009
NY Times

DETROIT — General Motors’ bondholders finished voting Saturday on the company’s plan to exchange their debt for an ownership stake as high as 25 percent in G.M., the final obstacle to an orderly bankruptcy for the ailing carmaker.

Bondholders with slightly more than 50 percent of G.M.’s $27.2 billion in bond debt agreed to support the plan by the deadline of 5 p.m., according to people briefed on the matter. Among the backers was a committee of large investors holding about 20 percent of G.M.’s outstanding bonds.