Gov’t Motors: Obama fudges math on auto bailout, $10.5 billion loss for taxpayers

wash times ^ | 10/11/13 | d boyer

[bestintxas]

With final losses from the auto industry bailout near $15 billion, President Obama is using fuzzy math to claim that taxpayers lost no money on his administration

[bestintxas]

When his lips move, you can sure of one thing: It is a LIE.

[Texas Eagle]

kakistocracy

kak·is·toc·ra·cy audio (kk-stkr-s, käk-) KEY

NOUN:
pl. kak·is·toc·ra·cies Government by the least qualified or most unprincipled citizens.

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ETYMOLOGY:
Greek kakistos, worst, superlative of kakos, bad ; see caco- + -cracy

[TexasCajun]

Finally!!!

I may now consider purchasing a new Chevy truck!!

But maybe not, my 2002 Chevy 2500 Duramax Diesel has 189,000 and runs great & still looks good.

[gemoftheocean]

Don’t you just love the headline “fudges?” no “fudges” is when on a resume someone says they know HTML5 when they only know standard HTML. Pathological lying is what this guy does.

[Michael.SF.]

From Wikipedia: in December 2008 the Bush administration provided a "bridge loan" to General Motors with the requirement of a revised business plan.

Now look at the weasel words used by Bammy:

GM has now repaid every taxpayer dollar my administration committed to its rescue, plus billions invested by the previous administration,”

He is attributing the lost money to the Bush administration, while claiming he got the money back! What a F'n weasel!

[mountn man]

[FroggyTheGremlim]

If the taxpayers lost 10.5 billion, then somebody must have gained 4.5 billion.

Who gained? Where did it go?