Posted on 01/07/2015 8:36:37 PM PST by Olog-hai
On a day in which the international news cycle was dominated by the Islamic terrorist attack on the French satirical magazine Charlie Hebdo in Paris, President Obama traveled to Wayne, Michigan, to deliver a pre-arranged speech celebrating his rescue of the U.S. auto industry.
Ironically, the Ford Assembly Plant that Obama visited is closed temporarily this week because of lack of demand for the small cars and hybrids the plant produces, with 2014 sales of the Ford Focus down 6 percent and the C-Max hybrid down 22 percent. […]
Obama, in his speech, neglected to note Ford did not join GM and Chrysler in the bankruptcy proceedings his administration managed in 2009, though Ford did benefit from a $5.9 billion low-cost government loan used to overhaul its factories and to re-engineer more fuel-efficient technology.
Obama also neglected to cite a U.S. Treasury report released in December documenting the U.S. taxpayer lost $9.26 billion on the auto bailout, recovering only $70.43 billion of the $79.69 billion it doled out to GM and Chrysler. …
(Excerpt) Read more at wnd.com ...
Wait. I thought Ford didn’t take any money.
And GM cars are just a sh1tty as ever.
That’s Obama’s middle finger salute to America.
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