[TeveVikep]

http://finance.townhall.com/columnis...her_industries

Auto Bailout Cost Climbs to $25 Billion yet Obama Threatens to Do the Same for Other Industries
I’ve been against the auto bailout from the very beginning because it was a corrupt payoff to lazy corporate fat-cats and an ossified union.

And when folks on the left say the bailout is a success, I explain that any industry can be propped up with a sufficiently large injection of other people’s money.

Now we have new data on how much “other people’s money” has been diverted. It’s a big number, and it seems to get bigger each time there’s a new estimate. Here’s part of a Reuters report.

The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously thought. Treasury now estimates the 2009 bailout will eventually cost the government $25.1 billion, according to a report sent to Congress on Friday. That is up from the last quarterly estimate of $21.7 billion. 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.

[seosoftseo]

Hold it! Just freakin' hold it! Obama told us that everything is going great with the auto bailout. Of course he also told us his administration would be transparent (yep, those fast and furious documents are breaking all kinds of land speed records getting from DoJ to Darrell Issa's committee).

[joe-salton]

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.

[Frierlovene]

And lest we forget, over 2000 dealerships were forced to close their doors under Obamas "bailout" as well. It's odd that when Bain Capital closed a few doors and let some employees go to save a company it was a supposedly a terrible thing even though Bain was in the business of saving companies, not jobs. But when Obama did the exact same thing but with our money and not private capital as Bain did, it was ok.

[erelvenewmeva]

YOU GOT TO FUCK 'EM BEFORE THEY FUCK YOU AGAIN...
FIRE THIS ROTTEN CONGRESS!!!!!!!!!!!!!!
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YOU JUST BOUGHT SOME NIGGER A VOLT, HONKY!