hello america!!! here's your daily jobs situation...http://www.dailyjobcuts.com/ no job loss is acceptable.
here's all you need to know about the unsuccessful bailout of gm & chrysler & you can take it to the bank!
good people, all of the following is why i constantly write what i write about obama--he lies--but, before i get into it, let me say one more time, i was against the gov't bailout of chrysler & gm &, i have nothing but praise for ford for walking away from the table. that said, obama touts gm & chrysler as a huge success. well, ok, he's entitled to his opinion even if it's incorrect. click on the link & pay attention to the 10th paragraph...http://gm-volt.com/2010/04/25/obama-says-gm-bailout-has-been-a-success/
he claimed success & bashed gov romney for saying he would have allowed gm & chrysler to have gone through the regular bailout process. obama is on record for saying that "we were paid back every penny"
so, how can the following even be possible??http://bottomline.nbcnews.com/_news/2012/08/14/13281710-auto-bailout-cost-now-upped-to-25-billion?lite &, we'll lose even more if gm can't turn it around....
ah, i see. he lied about it to make himself look good & to take the worry that we had about losing our investment...he just said they were doing so good & you all ate it up however, he did tell you about the following, didn't he. oh, he didn't mention it...guess he forgot it doing all that important gov't stuff. here...
http://content.usatoday.com/communities/driveon/post/2012/08/gm-sales-fall-in-july-due-to-lower-rental-car-volume/1#.UCs-iVZmRIE
the above came on the heels of this...http://content.usatoday.com/communities/driveon/post/2012/07/gm-posts-best-monthly-sales-gain-since-2008/1#.UCtAgFZmRIE
now i know i'm not supposed to kick the dog when he's down however, i'm on a roll. obama can't really claim success for chrysler because (if my numbers are correct) fiat owns upwards of 52%-58%, the uaw owns about 33%, obama owns about 6% &, the canadian gov't owns about 1.5%. &, in case you didn't know, fiat is a foreign company & they are really struggling right now. if they fall, chryler falls & i guess obama will bail them out again...
&, if gm doesn't get their act together, they're going to fall again---sub-prime loans helped cause our nations downfall (ask obama) http://news.investors.com/article/620090/201207271807/gm-risky-subprime-auto-loans-fuel-sales.htm
but, what do i know? i know this...http://www.crainsdetroit.com/article/20120814/FREE/120819971#
cannot bode well because it extends them into more debt &, at some point, new car sales will slow down to the point of layoffs. they are already stopping some of the incentives to buy a car, causing the prices to go up &, we just won't be able to continue to buy new cars in this age of food stamps & high unemployment.
obamas success story...http://www.montrealgazette.com/cars/close+Oshawa+plant/6714368/story.html he just forgot to mention it & yes, i'm glad it happened in canada then here....
http://money.cnn.com/2012/07/10/autos/gm-money-back-guarantee/index.htm?iid=HP_LN obama set this up so we are also guaranteed---only out guaranty is to lose money.................
&, the following is the root of a lot of problems today---union pensions---they've come back to hurt us.........
http://www.usatoday.com/money/perfi/retirement/story/2012-07-11/pension-lump-sum-payout-or-monthly-check/56155910/1
when obama touted the success of gm, do you remember him saying anything about the following??????????
http://www.policymic.com/articles/12395/tim-geithner-pressured-delphi-to-cut-20k-worker-pensions-shows-obama-is-in-bed-with-unions
look, gm & chrysler should have traveled the same road that ford did. picking winners & losers for any gov't is a bad thing. &, more so when you make deals with the unions at the expense of taxpayers & private workers. why couldn't the split have been 10,000 union workers & 10,000 non union workers? also, how can you lie to the american people & say the auto bailout was a success when the taxpayers are going to lose 25 billion dollars?
lastly, obama didn't you just follow a page out of pres bush's playbook with the auto bailout?
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