Image credit: Ancho.
Posted on 11/28/2018 8:42:24 AM PST by SeekAndFind
That was then: Over six years ago, then-vice president Joe Biden (D) was campaigning for a second term for the Democratic administration of Barack Hussein Obama and himself with this proud theme:
If you are looking for a bumper sticker to sum up how President Obama has handled what we inherited, it's pretty simple: Osama bin Laden is dead and General Motors is alive.
He was referring, of course, to the assassination of terrorist Osama bin Laden, indicating a successful American foreign policy during the Obama administration, and simultaneously the government bailout of General Motors indicating a successful domestic policy of providing for American workers.
Image credit: Ancho.
At that time, after four years of Obama's rule, the U.S. unemployment rate was 8%.
Well, the theme worked, and that dynamic Democratic duo – plus others – were re-elected for a second term in November 2012.
But a year later, Biden was relatively silent when (emphasis added):
U.S. taxpayers no longer own any of automaker General Motors. The Treasury sold the last of its remaining 31.1 million GM shares today. It started with 500 million shares in 2010.
The taxpayer loss on the GM bailout is $10.5 billion. The Treasury department said it recovered $39 billion from selling its GM stake, and had put $49.5 billion of taxpayer money directly into the GM bailout.
The total bailout rises to $51 billion, including another $1.5 billion that Treasury put into programs to keep GM suppliers afloat and to make sure owners' warranties were honored, plus some into the old GMAC finance company that's now known as Ally – separate from a much larger Ally bailout.
Oh. So GM was kept alive artificially until the election.
(Excerpt) Read more at americanthinker.com ...
Assassination ? Interesting choice of wording.
wha’ hoppen to all those online “brainess joe”articles useta be plentiful???
??????????????
Its not alive but its not entirely dead its mostly dead. It wants to live to blave, that is to say to continue its life of bluffing and cheating.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.