President Obama Stole Our Money to Keep General Motors Alive
“Bin Laden is Dead and General Motors is Alive.” It’s catchy, and it’s a great campaign slogan. “If you’re looking for a bumper sticker to sum up how President Obama has handled what we inherited, it’s pretty simple: Osama bin Laden is dead and General Motors is alive,” Vice President Biden said in his attack on Mitt Romney.
Yes, Bin Laden is dead, and President Obama should get credit for following through with using the military to kill him. He should own whatever takes place on his watch. This means he needs to stop blaming George Bush on the economy and take responsibility for our present economic plight. If he wants credit for Osama, he also needs to take credit for high unemployment and low GDP numbers and falling housing prices.
But the General Motors claim is another matter altogether. GM is alive because President Obama gave the company $50 billion that wasn’t his to give or theirs to take and stiffed the stock holders and taxpayers. I could save almost any company using someone else’s money, unless it was Solyndra that flushed $500 million of our money down the crapper. But back to GM and Chrysler:
Taxpayers fell $1.3 billion short on the Chrysler bailout and are still waiting for $25.5 billion back on the GM deal. In total, the companies received about $60 billion between them.
Harold
ACGR's "News with Attitude" 