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Obama's (Un)American Auto Bailout

tbejma Wrote: Sep 05, 2012 10:44 AM
And Ford wasn't making terrible decisions? Luckily they were closer to bankruptcy than GM or Chrysler so they could still mortgage the farm (and the blue oval) before the credit freeze...

CHARLOTTE, N.C. -- Cue "Fanfare for the Common Man" and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the "rescue's" benefits for American workers. UAW President Bob King will sing the savior-in-chief's praises.

But like all of the economic success stories manufactured by the White House, the $85 billion government handout is a big fat farce.

"I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back," Obama bragged...