Obama: Let's repeat auto industry success with every manufacturing industry

Yeah, auto bailout worked great, didn't it? Investors lost out, non-union workers lost out, the taxpayers are on the dole for billions that will never be paid back, the bailed out auto companies are down in their sales BUT the "union cronies" of Obumbler did great - made millions!! What a crock! No more freakin' bailouts for anybody!! IMHO

Cash out your IRA's and 401k's while you can. Take the hit on the penalty. Where do you think he is going to get money for any bailouts. Retirements is where.

Right on the money, PD!

This is why a "successful" bailout is even more dangerous than a failed bailout! If a bank robber successfully robs a bank, you wouldn't call that a success! Same deal here!

Wou need to remember that obama is all about give-a-way.

NO more bailouts to OBonzo's pals.

A $35 billion dollar loss on a company that transfers production to China is a success?
A company that pays no taxes is a success ?
A defective product that the government cannot pay people to buy is a success ?
Third world thinking in all it's glory .

YESSSS

Even a blind hog finds an acorn now and then. What about Solyndra ? Lets discuss the drop in sales of American auto firms now that Japan is roaring back from it's disaster. He's got about as much business sense as he does about rocket science !

You must understand, he's not stupid, he wants the destruction of America...

Government should not be in the business of picking winners and losers. The marketplace is a far better regulator than the government. Inefficient businesses should be allowed fail and efficient firms, rewarded with success.

General Motors failed because it has ignored the competition for more than a half-century. The bail-out rewarded their poor management. The government now has them building a whole new line of cars that no one wants.

It is the corporation's job to run itself in an efficient manner to provide income for the investors and stable employment of its resources.

Labeling the GM bailout a success is an insult to the intelligence of every American taxpayer.

He wants to insult AND destroy America.

Remember?

Yet he chose Wall Street over Main Street, and crony capitalism ove jobs for America.

Go figure, another milestone for this administration and useful idiots. It is insanity when perceived reasonable, sane people continue supporting and funding the fundamental transformation of the greatest county on earth into a Nationalist Socialist State. The data is there folks, for God’s sake read it! 8+ percent unemployment, 16 trillion in debt, a Dream Act by fiat, and 1/3rd of the population on some form of welfare. No Federal budget in three years, Guantanamo turned into a Sandals resort for terrorists, nationwide financial uncertainty, small business hiring malaise, government overreach, the demonization of Christianity, ‘Obamahood’ (robbing from the taxpayers to pay off the AFL/CIO bosses), shall I go on? Wood-headed liberals having orgasms over the real possibility this turd-infested administration could be reelected, IS the motivation for rational people (before it is too late) to read the Constitution; pay special attention to the second Amendment.

His definition of success is different than mine, and where is this money going to magically come from, US is bankrupt, and our pockets are empty.

Your IRA and 401k. Cash out now.

Oh heck no! Does anyone not see that this a systematic buying of every industry so that the State Owns Everything like in a Socialistic, Former Soviet Union kind of state? Helloooooooo!

Oh hell no. That means a LOT more STIMULUS! What a terrible idea!

"OUR" Government Motors stock is worth 10% of what we paid for it.

Welcome to corporate statism...

And it is not JUST the democrats.

Exactly!! I wish the masses would understand that!

Good he can use his money to do it with. Not mine.

There is no auto industry success.... GM is moving all of its Government Motors to the Chinese Government.

so he wants to buy out a bunch of industries just to give them to his union supporters? or does he want to get into other industries so he can close a bunch of their outlets and dealerships. and put a chit load of more people out of work?

Translation: "Let's throw more taxpayer money at failing union-dominated companies to buy more votes for Democrats."

What did obama do?? He panicked and borrowed obscene amounts of money, called it stimulus funds and then sent it overseas to build mosques and help global businesses while American families were being dispossessed from their homes and relieved of their jobs!!

No more Solyndra's! No more Government Motors! Go away and let Romney try his hand!

I'd rather see an economics expert in there than a corporate raider.

Paul has got more knowledge about economics then Obama and Romney will ever have combined.

For sure. I'm off of Economics experts! I would like a successful business man to run the government, not a lawyer and definitely no community organizers!

Any unscrupulous BS artist can do what Romney did. This lays it out pretty good.

I wasn't referring to Romney. I mean a 'business' man! Not a politician!

There you go, one of the candidates actually has a successful business. It's called a medical practice.

Have we not lost enough money bailing out failed business? Have we not lost enough money picking winners? Have we not lost enough money with Government controls? Have we not lost enough money backing and bankrolling unions? Have we not lost enough money?

I fail to see where the auto industry has been successful and If I'm not mistaken most of them really aren't doing that great plus our dearly beloved president bailed out most of the car industry,but we have to figure this is obama's way of thinking and really need to overlook his stupidity and ignorance because that's all he has going for him.

Obama and union goons at it again
http://weaselzippers.us/2012/...

We cannot afford that kind of "help" for every business.

GM has some $40 billion in tax loss carry forward credits. Meaning they will avoid paying any income taxes until they consume the balance.
Additionally, GM still owes the American taxpayer some $25 billion and its finance arm Ally owes around $12 billion.

So the "success" story of Government Motors is a hole in the Treasury of about $77 billion.
I guess businesses would enjoy having the handouts, but the One has been busy demonizing every other business, so that's a big no-sale among his envious, childlike voters.

The US Auto industry is down 45%. Does Obama really thing promising to lower US Manufacturing by 45% a good thing.

let's get him out of there before he destroys what's left of our Economy and our country...