A Department of the Treasury report this week released some of its final numbers on the auto industry bailout, with good news: "only" $9.26 billion was flushed down the drain bailing out America's labor union-dominated auto industry.
You may recall that during the presidential election, the Treasury Department refused requests by General Motors to unload the government's stake in the giant automaker.
Fundamentals usually prevail in American elections. That's bad news for Barack Obama. True, Americans want to think well of their presidents, and many think it would be bad if Americans were perceived as rejecting the first black president.
On Wednesday night, left-leaning TV anchor Jim Lehrer of government-supported PBS will moderate the first 90-minute presidential debate in Denver. The forum will focus on domestic policy. Lehrer alone will determine the topics and questions for six 15-minute segments, and then he will control an "open discussion" for each segment.
The Democratic convention took place in an alternative universe in which Mitt Romney wanted a very ominous "bankruptcy" for General Motors and Chrysler -- a catastrophic event that would have put millions out of work. Alternatively, speaker after speaker kept telling us, President Barack Obama implemented a "rescue" that saved all those jobs and avoid that fateful "bankruptcy." It's as if, somehow, not a single Democrat remembers the historic bankruptcy filings by Chrysler on April 30, 2009 and General Motors on June 1, 2009. Which is pretty weird, because they were among the largest bankruptcies in history.
Romney discussed the DNC with Carl Cameron.
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.
The Wisconsin Governor debated the auto bailout with MSNBC hosts Maddow, Schultz, and Sharpton.
The White House fairy tale about the Happily Ever After Auto Bailout is missing a crucial, bloody page. While President Obama bragged about "standing by American workers" at a rowdy United Auto Workers meeting Tuesday, he failed to acknowledge how the Chicago-style deal threw tens of thousands of nonunion autoworkers under the bus.
False choices. Populist bromides. A lecture on values. President Barack Obama treated us to some of his greatest hits this week.
A must see especially since GM probably doesn't want you to.
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