It is readily apparent that President Barack Obama is going to try to make his patently absurd claims of success with the General Motors and Chrysler bailouts a theme for his 2012 reelection campaign.
So it becomes increasingly important that the truth about these boondoggles – that they have been illegal union-funding pet projects and otherwise abysmal failures – become widespread public knowledge.
Obama was again yesterday slinging the male cow at what already was I believe his thirtieth fundraiser of 2011.
The problem is – as it is routinely with this Administration – that what is being said has absolutely nothing to do with reality. And as we know, President Obama doesn’t allow the facts to get in the way of a good campaign yarn.
(Bailout m)oney Obama once upon a time told us would return us a profit.
A fairy tale Obama has now amended to:
“The government will lose less than 20 percent of the $80 billion used to bail out the U.S. automobile industry.”
Obama’s National Economic Council had the audacity to add:
“The losses are less than the administration originally expected.”
Again – as we just cited – the Administration was seven months earlier claiming we would make money.
Yet another fact-free, here’s-hoping-you-don’t-remember-things-or-pay-attention Obama Administration “success” story.