In Obama’s weekly address to the nation, the President managed to pack in quite a few whoppers into just a few short minutes. Did he really bailout GM? And has he ever bet on American ingenuity? Glenn gives his own thoughts on radio this morning.
In the address, Obama said, “Just a few years ago, the auto industry wasn’t just struggling. It was flat‑lining. GM and Chrysler were on the verge of collapse. Suppliers and distributors were at risk of going under. More than a million jobs across the country were on the line. And not just auto jobs but the jobs of teachers, small business owners, and everyone in communities that deny on this great American industry. But we refuse to throw in the towel and do nothing. We refuse to let Detroit go bankrupt.”
“He didn’t bail out GM. George Bush bailed out GM. And I remember because I was against the bailout. So every time that Barack Obama is saying he bailed out GM, he’s lying to you. It was George Bush that did it,” Glenn said.
“It’s not like nobody was taking action. George Bush, he was already down there with his feet in the mud throwing all the dirt out of the hole, digging it. And then you got in. And George Bush, I’m convinced George Bush would have kept digging that hole as well,” he added.
The President continued, “We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way.”
“If you would have bet on American ingenuity, you also wouldn’t have dictated it was the Chevy Volt and not the hydrogen car. I mean, they mothballed the hydrogen car. That was one of the biggest problems that I had with GM,” Glenn said.
Obama also claimed that GM was number one in the auto industry, also untrue. Toyota, the Japanese auto company, had long been number one but was battered by recalls and a tsunami that hit Japan allowing GM to claim the top position in 2011. Toyota has since retaken it’s dominant spot in the auto-industry.