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It’s Obama Auto Industry—But Not For Much Longer (hurl alert)
Yahooooo ^
| January 20, 2016
| Justin Hyde Managing Editor
Posted on 01/20/2016 2:39:35 PM PST by SaveFerris
President Barack Obama took to the Detroit auto show today for a victory lap around the industry his administration saved in the depths of the financial crisis. There’s no doubt that the American car business today reflects the goals Obama set seven years ago. Detroit automakers enjoy record sales and huge profits, while employing more workers and building more efficient models.
The question now is: How long will it last?
During his visit, Obama noted how unpopular his plan was at the time: putting General Motors and Chrysler through bankruptcy in 2009, merging Chrysler with Fiat and spending $50 billion to save GM. (All told, the U.S. government pumped $80 billion into the auto sector and got back roughly $70 billion).
“In exchange for help we demanded responsibility. The industry retooled and restructured, everybody sacrificed and everybody put some skin in the game,†Obama said in his speech at a UAW-GM training center. “I could not be prouder of this industry and the road we traveled together,"
(Excerpt) Read more at yahoo.com ...
TOPICS: News/Current Events
KEYWORDS: bailout; economy; obama; sucks
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first 1-20, 21-39 next last
[President Barack Obama took to the Detroit auto show today for a victory lap around the industry his administration saved in the depths of the financial crisis.]
And then there was the omen.....
Peace, bread and land, comrades.
To: SaveFerris
Yahoo Is just a bunch of.....
yahooooooooos!
2
posted on
01/20/2016 2:41:07 PM PST
by
Da Coyote
To: SaveFerris
3
posted on
01/20/2016 2:43:08 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: SaveFerris
Funny thing....Ford never took the Obama money, and is ALSO enjoying record profits.
4
posted on
01/20/2016 2:43:17 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
To: Da Coyote
[Yahoo is just a bunch of......]
Lying, liberal, DNC-pimping, propaganda-pushing suck-ups?
5
posted on
01/20/2016 2:43:18 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: stephenjohnbanker
Obama made it happen!! Skittles and rainbows!!!
6
posted on
01/20/2016 2:43:50 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SaveFerris
the industry his administration saved? How much money was it Ford took?
7
posted on
01/20/2016 2:44:04 PM PST
by
Mastador1
(I'll take a bad dog over a good politician any day!)
To: SaveFerris
Sharpton: “ Ice tea, and skillets “
: )
8
posted on
01/20/2016 2:45:24 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
To: stephenjohnbanker
Al Sharpton is brilliant!!! His erudition is flawless!!!
9
posted on
01/20/2016 2:46:45 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SaveFerris
You mean fire-saleing Chrysler to a financially-struggling foreign automaker. Fiat-Chrysler has a lot of problems, financial and non-financial.
To: SaveFerris
And so is his 3.6 million tax lien!!
11
posted on
01/20/2016 2:49:12 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
To: SaveFerris
Obama noted how unpopular his plan was at the time: putting General Motors and Chrysler through bankruptcy in 2009 . . . spending $50 billion to save GM. True statement. GM is dead to me because of that corrupt bailout. I will not even accept a GM rental car - ever again.
12
posted on
01/20/2016 2:49:17 PM PST
by
Pollster1
("Shall not be infringed" is unambiguous.)
To: SaveFerris
With each obamacar you get a rainbow in the glove-box.
13
posted on
01/20/2016 2:51:15 PM PST
by
ColdOne
(I miss my poochie... Tasha 2000~3/14/11 HillaryForPrison2016)
To: kaktuskid
Democrats don’t need no facts. Like how Obamacare has screwed up health insurance with higher rates and higher deductibles for lots of folks, or around 94 million Americans out of work, etc. etc. etc.
Every good comrade must go to zee propaganda film of Dear Leader!!!
http://www.freerepublic.com/focus/f-chat/3385642/posts
14
posted on
01/20/2016 2:52:15 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: stephenjohnbanker
15
posted on
01/20/2016 2:54:52 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SaveFerris
Ha! I when John Galt on Detroit 40+ years ago.
To: SaveFerris
17
posted on
01/20/2016 2:56:04 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
To: Pollster1
I need a $50 billion dollar bailout.
Shoot, I’ll even accept $50 million......
18
posted on
01/20/2016 2:56:48 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: stephenjohnbanker
I love to lunch at Chip-O-Lay!!
19
posted on
01/20/2016 2:59:04 PM PST
by
SaveFerris
(Be a blessing to a stranger today for some have entertained angels unaware)
To: SaveFerris
20
posted on
01/20/2016 3:00:39 PM PST
by
stephenjohnbanker
(My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
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