Obama Saved the Unions, Not Detroit?
~ The Rebel ~
2012/06/20 13:07:22
Obama’s opponents, including Mitt Romney, did argue that General Motors and Chrysler should go bankrupt. But what Obama consistently leaves out of the story is that he did, in fact, let GM and Chrysler go bankrupt.
He just did so in a way that violated every fundamental principle of America’s bankruptcy code, undermined the rule of law, and cost taxpayers an extra $26.5 billion.
Bankruptcy expert and George Mason University Law School professor Todd Zywicki and Heritage Foundation labor expert James Sherk exposed the truth this week in their new paper: “Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation.”
Read More: http://visiontoamerica.org/10457/obama-saved-the-u...
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+3THIS IS WHY DETROIT WON'T WORK - unions or no unions. Yes Obama bailed out the unions at taxpayers expense. He is constantly buying votes with our money.




















Fact is, nearly two million workers (that would encompass about 6 million persons) are employed today in America's auto industry and not drawing unemployment checks and living on food stamps and welfare, all because Obama had courage enough to stare down your RWNJs and the Republicans who wanted the industry to collapse.
Fact is, nearly all the money LOANED to the industry and secured by options of stock and equity, has been repaid, with a profit to the U.S. Treasury of more than $1Billion. The rest remains secured by the assets pledged.
Why do you post these distortions, Rebel? What in God's name do you gain by making these biased and harmful allegations that create conflicts and dissension between persons in our society? Are you part of the Saudi Prince's propaganda media intent on destroying
our portion of the Western cultures? Why, Why do you do this?