In case you haven’t heard, GM is back on their feet. At least that’s what President Obama told the auto workers in Detroit yesterday.
“They made a huge profit last year. Largest ever,” Pat told Glenn, isn’t buying the claim from the President.
“It’s pretty easy to make a huge profit when the government comes in and pays all my bills. America spent eighty billion—eighty—bailouts. We’re not getting it back gang,” Glenn said.
The only reason that GM is “back on their feet” is because America spent eighty billion dollars. But, that’s not all the President had to say. He went on, “The same folks who said if we went forward with our plan to rescue Detroit you can kiss the American automotive industry good-bye.”
Of course the President didn’t care to give any examples of people saying that. In fact, Stu points out that they were saying the opposite.
“We were making the argument if you didn’t give them any money, and they went through bankruptcy that they would still survive. The complete opposite of what he’s saying,” Stu said.
Glenn jumped in and pointed out that they may have said if the government jumps in, and tries to design automobiles that they wouldn’t succeed. Judging from the Chevy Volt, it’s a safe assumption that was another accurate prediction from Glenn.
“Remember when Obama said that Ford had to have the bailout? All of them had to take it, and Ford said up yours Mr. President. They took zero dollars. Ford is doing well,” Glenn said. (and their cars don’t look like Chevy Volts, I might add…)
“They [Ford] did not take the bailouts… They’re still around magically!” Stu added.
Pat, who doesn’t support the bailouts either, made an interesting point. “While I don’t support the bailouts, I don’t either support him taking credit for something he did not do. Bush did the bailout, and he has rewritten history to take credit for it,” Pat said.
President went on to make it seem like those against the bailouts were against the workers, and that’s who the bailouts were for. That is wasn’t about paying back the unions.
“Explain to me how the unions leapt over the bond holders. That doesn’t happen. That required someone in the government to make that happen,” Glenn said.
This is the President who during is campaign said, “I spent my entire adult life working with SEIU, I didn’t suddenly discover SEIU. Your agenda has been my agenda in the United States Senate. Before debating healthcare I talked to Andy Stern and SEIU members. Before immigration debates took place in Washington I talked with Medina and SEIU members. Before the EFCA I talked to SEIU.” …but he’s not a union guy.
“You know what kills me,” Glenn said, “the number one visitor to the White House is Andy Stern and Richard Trumpka.” Later adding, “ALF-CIO and SEIU, are number one, and you’re not a union guy?”
“It’s amazing,” Stu said, “This is essentially his main argument for re-election—this ridiculous bailout of the auto industry, in which we, the American people, are going to lose twenty-four billion dollars. His priority, this thing he thinks is his best argument, has us losing dozens of billions of dollars. We’re not picking his worth thing and making fun of it. This is what he’s picking as his best thing.”