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Old 08-15-2012, 08:56 PM   #3
joe-salton

Join Date
Oct 2005
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464
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http://finance.townhall.com/columnis...her_industries

Auto Bailout Cost Climbs to $25 Billion yet Obama Threatens to Do the Same for Other Industries

Obama swooped in, took an ownership stake, displaced the CEO, fired half the dealers (the Republican ones), stole the pensions of the non-union workers, threw the Saturn workers (non-union) out of work, made sure China didn't give them life ... and let's not forget the bondholder.....they also took a shot in the ass.

This was far far far WORSE, than anything Mitt ever did with Bain.

What about Ford Motors?

Their bondholders are intact, pensions did not disappear, dealers didn't lose their dealerships, and most importantly, did not use billions of dollars of taxpayer money to achieve comparable results.


What was the difference there? Oh yea........Obama didn't get involved with Ford.

berry said it best. HE was responsable for GMAC.
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