President Obama Again Ludicrously Touts ‘Success’ of General Motors, Chrysler $80 Billion Bailouts

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.

Obama again touts GM, Chrysler aid as success

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.


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