OBAMA WANTS TO DO MORE "INDUSTRY BAILOUTS"

POLITICO:

[OBAMA:] "Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."

OBAMA DID NOT BAILOUT THE AUTO-INDUSTRY.

THE AUTO INDUSTRY WAS DOING JUST FINE.

GM AND CHRYSLER WERE TANKING.

BUT THE OTHER CAR-MAKERS HERE WERE DOING FINE. FORD DIDN'T TAKE A PENNY. AND NEITHER DID HONDA OR NISSAN OR TOYOTA OR BMW OR ANY OF THE OTHER CAR-MAKERS HERE.

WHAT OBAMA DID WAS ILLEGALLY STOP BANKRUPTCY AND ABROGATE A CENTURY OF BANKRUPTCY LAW AND USE $50 BILLION OF TAXPAYERS MONEY TO GIVE GM TO THE UAW.

AND THEY STILL OWE US $40 BILLION.

GIVING GM TO THE UAW WAS CRONY CAPITALISM - AT BEST.

OBAMA SCREWED THE BONDHOLDERS AND THE SHAREHOLDERS TO GIVE GM TO THE UAW.

AND BESIDES THAT, MOST OF GM'S CARS ARE BUILT AND SOLD OUTSIDE THE USA.

SO IT'S HARDLY ANY MORE OF A "USA CAR-MAKER" THAN HONDA.

IF OBAMA DOES TO OTHER INDUSTRIES WHAT HE DID TO GM - PILLAGE THE PUBLIC COFFERS AND SPREAD THE LOOT AROUND TO HIS CRONIES AND COHORTS AND COMRADES, THEN WE ARE SURELY ALL SCREWED.