Obama routinely takes credit for the "Stimulus" he supposedly passed saving the auto industry; no Bush did that, as it was the first stimulus. But Obama was involved in negotiating the debt of GM where he unilaterally dismissed 100-years of bankruptcy law, and 50-years of franchising law, so he could bailout the unions, not the company which went bankrupt but still managed to bypass law and soak the bond holders and cause 700 small business auto dealerships to go out of business, how many jobs do you think that was.
In true free-markets stodgy old companies don't get a free-ride, that only hurts the consumer by preventing competition, which would have kept the industry healthy guaranteeing it could compete in global markets thus supplying more jobs, rather than protect inefficient jobs or unions - again this is all about socialism and labor parties. There is NO honor in what Obama did for the unions in bailing out the auto industry.
Now I'm sure that there are a lot of people out there who have never had an economics class and don't understand how this all works, and when these old companies do come crashing down due to its inability to compete then the autoworkers all lose their jobs. I don't want to see anyone lose their job either, but do you know how many autoworkers, and small companies that make parts lost their businesses and jobs even with the GM and Chrysler bailout - millions. Little Joey, as his aunty used to call him, Joe Biden and President Obama routinely used the same quote in campaign speeches; "Osama bin Laden is dead, and General Motors is alive." What's interesting is they are taking credit for both of those activities. The old GM is dead, and a new GM was formed.
The reality is we can thank President Bush for upgrading our intelligence agencies, and our military for getting Osama bin Laden. We should also note that it was President Bush that initiated the General Motors bailout. But it was later president Obama, who is supposedly a constitutional lawyer, seemed to break ranks with the rule of law using heavy handedly handed tactics for the unions, and taxpayer's money was used for their pensions, Cadillac healthcare benefits, and even buyout packages, while he let the company go bankrupt.
Of course, if you say something enough times, people start believing it. Apparently people have a shorter attention span and memory due to the Internet, and well, it's just amazing what you can get people to believe using those strategies. But that doesn't make it the truth. If we are to engage in free-market capitalism and get this economy back where it needs to be, we should not turn our backs on reality, by fostering a myth and a view of a created reality which never had existed in the first place.
This will only doom us to repeat our history because we won't be able to study the true history of what actually happened. That's sets a really bad precedent. And that's why I'm not voting for President Obama. If you live in the State of Ohio, Michigan, Illinois, Indiana, Wisconsin, or Pennsylvania then you shouldn't either. He's making a mockery out of the free-market economy that built these states into the powerhouses they are today. Please consider all this and think on it.
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