Obama and the auto industry: It’s not your money (cont.)

Too much. This is from Friday’s ABC World News Tonight and another episode in the continuing education of Congress and the mainstream media. One more time: It’s out money, it’s our money, it’s our money.

ABC was doing its report on the revival of the auto industry, thanks in large part to the largess of the American people. Something to get the blood going this morning. ABC notes that the Republicans are right … of the 80 billion dollars given to the auto industry … much will never be paid back. Quick, guess whose fault that is … and guess who ABC thinks owns the auto company? You, the American taxpayer? Oh no.

Please keep in mind, as the SOS first pointed out … GM is paying back its loan with taxpayer money. Still the bite, I think says it all.  Good work ABC. Hat tip to Gerry in Torrington for catching this one.

9 replies
  1. Tim-in-Alabama
    Tim-in-Alabama says:

    Since Obama is the CEO of a big corporation like GM is it okay to resent him now? I get confused sometimes about whom I'm supposed to hate, and it makes it harder to vote for candidates who promise to get even with them.

    • Dimsdale
      Dimsdale says:

      He may not be an official "fatcat" unless he gets a bonus.

       

      The Øbama Lesson: anything a political candidate says is a lie if they don't have the track record to back it up.

  2. JollyRoger
    JollyRoger says:

    What a load of crap!  If you want to go green, buy a VW TDI which gets ~42 MPG on average driving, 50+ MPG if you drive under 70 MPH.  You can get more than 600 miles per tank of fuel.  Barry is full of more sh*t than a Christmas goose!

    • Dimsdale
      Dimsdale says:

      And a well equipped TDI costs half what the Volt does, and still qualifies for an alternative fuel credit.

  3. winnie888
    winnie888 says:

    If I'm not mistaken, doesn't the Volt have to be "injected" with premium fuel?  It'll be a cold day in hell before I buy premium gas for anything!  Tell me, how much would gas prices have to increase in order for this car to be a cost effective purchase?

    It'll be the liberal tree-hugging wackos who think it's wonderful because the gov't "endorses" it so it must be grrrrrreat.

    I'll stick with my Ford….Ford didn't take bailout money.  🙂

  4. BEA
    BEA says:

    This is my take on this ABC news clip:

     

    1) Richard Shelby must be a dolt…he STILL thinks the bailout was a mistake

    2) BUT He's right when that's applied to the Bush bailout

    3) YET He's wrong when that's applied to the Obama bailout

    4) Bush is bad, he used our $

    5) Obama is good, he used our $

    6) GM decides which bailout $ to pay back

    7) Obama is largest shareholder of GM, he must have used his own $

    8) We are going to get EVERY penny back (well, not every…no Bush pennies, only Obama pennies)

    I'll just stick to Fox, Jim, Laura, Michelle, et al!!!!!!!!

  5. JollyRoger
    JollyRoger says:

    Yes, Dims- the fully equipped TDI approaches $30K, the tax credits are running out (I think), but the car runs like a raped ape, has as much torque as a Boxster from just a few years ago, and there's just a tight and sporty feel that I've never got in a Ford, Chevy, Kia, Suzuki…  It ought to be sink or swim time for GM- I'm not earning $70K to sweep a floor at GM, and I'm not driving one of their crappy cars- but I'm paying for them with my taxes.

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