Tag: Prince Alwaleed Bin Talal

$500 Million

Amount invested in General Motors by Muslim billionaire Prince Alwaleed Bin Talal of Saudi Arabia, as reported by the Wall St. Journal. The Muslim prince also owns “at least a 7 percent, $2.3 billion stake in Fox’s parent company News Corp.,” according to the right-wing extremist propaganda website World Net Daily. Other sources say Alawaleed is the fourth largest investor in News Corp., along with Australia native Rupert Murdoch and the Murdoch family. News Corp. owns both the Wall St. Journal and the GOP-operated Fox “News” channel. What makes the purchase of 1 percent of GM by this foreign owner of Republican Party media outlets is the fact that GOP propagandists used his media empire to rail against the Obama administration’s bailout of GM, sneering at it as “Government Motors” and loudly, repeatedly — and wrongly — predicting it would fail.