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Topic: Obama touts auto bailout
as new model year for car
companies begins |
Obama touts auto bailout
as new model year for car
companies begins
The Hill [Washington DC], by Keith Laing
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Original Article
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Posted By:JoniTx, 10/13/2012 10:24:48 AM
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| President Obama touted his administration's bailout of the U.S. auto industry as American car companies are beginning to sell their 2013 model year vehicles."Every year around this time, American car companies start rolling out their newest, shiniest models, hoping to entice you into buying one," Obama said in his weekly address. "And this year is no exception. They’ve got some pretty good-looking cars coming out. "But something is different this time around – and it starts with the auto companies themselves," the president continued. "Just a few years ago, the auto industry wasn’t
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Reply 1 - Posted by:
gartrell bibberts, 10/13/2012 10:38:14 AM (No. 8930196)
This was and is a bailout of the United Auto Workers. They won, big time.
The rule of law (bankruptcy law) took a huge hit. The white collar retirees took a big hit.
The "secured" investors took a big hit.
The UAW won.
The 95% of Americans who do not belong to unions should revolt. (11% of the workforce [bls] = 5% of population)
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Reply 2 - Posted by:
Robinsolana, 10/13/2012 10:39:45 AM (No. 8930203)
The fire-Volt Obamacar.
I thought they closed the plant?
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Reply 3 - Posted by:
provide, 10/13/2012 10:40:41 AM (No. 8930209)
...and announced the sale of the new Barryvagan.
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Reply 4 - Posted by:
wilko, 10/13/2012 10:49:25 AM (No. 8930241)
The new Bidenmobile will be unveiled. It has a huge shiny grill, a vinyl top and it only goes around in circles until it runs out of gas.
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Reply 5 - Posted by:
mythman, 10/13/2012 11:26:14 AM (No. 8930326)
The new Bidenhole 2013 generates its own windpower but cannot be steered. Each new 2013 Obamagulf requires $2,000,000 in Union payola,a $100,000 charger in your garage, and then burns up itself, garage, and charger. The super Affirmative Action model will take out your house in addition.
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Reply 6 - Posted by:
The Advocate, 10/13/2012 11:26:52 AM (No. 8930329)
Will be buying new car this year-
Not considering anything from government Motors.
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Reply 7 - Posted by:
bob913, 10/13/2012 11:37:33 AM (No. 8930351)
Anyone know if obama in all the decades he would have had a drivers license:
A) has had a drivers license
B) ever owned a car
C) why would anyone listen to such a man who does not drive?!
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Reply 8 - Posted by:
doctor P, 10/13/2012 11:40:10 AM (No. 8930357)
somehow I don't think Obama is touting the $50 billion the US is in the hole with the bailouts and tax credits.
Nor do I see much about how the BANKRUPTCY COURT is about to rule that the deal was fraudulent. It seems that the conveyance to keep the Canadian parts was kept secret from the court.
The unsecured lenders want their money back.
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Reply 9 - Posted by:
tren9, 10/13/2012 12:22:25 PM (No. 8930433)
It is very likely that GM will go bankrupt again [to reorganize] in the next 18 months. Maybe quite a bit sooner. So if you want to buy a GM product, there may be some real bargain prices coming...
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Reply 10 - Posted by:
Deedo, 10/13/2012 1:04:27 PM (No. 8930511)
"Bankruptcy" is completely misunderstood by the majority of people. Most believe that bankruptcy means a company closing its doors forever. Of course, in the case of GM and Chrysler, bankruptcy would have been the courts giving the companies a legal standing under which the company would be allowed to renegotiate its contracts and debts, and come back out as stronger and leaner. And still in business (which the Democrats fail to mention, so that Obama can be characterized as the "savior" that his narcissism demands).
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Reply 11 - Posted by:
uno, 10/13/2012 1:16:55 PM (No. 8930526)
I hear that Chevy is bringing back the Chevelle as the Michelle with the biggest trunk in its class...
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Reply 12 - Posted by:
sinic, 10/13/2012 2:04:56 PM (No. 8930597)
Me and the Mrs. are looking...at Fords.
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Reply 13 - Posted by:
TexasRed, 10/13/2012 8:38:50 PM (No. 8931176)
He's proud of giving control of General Motors to the Chinese Government. He is a first class dunce that understands nothing about economics.
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