Why are we no longer hearing about the automobile industry crisis?
lisaclara asked:
Why after the Cash for Clunkers program are we no longer hearing about the crisis in the automobile industry? Now that this program is over haven’t the sales gone back down to the pre-program levels? I don’t see people lined up at car dealerships waiting to buy and I don’t see that this program will do anything in the long term. With the insignificant improvement in fuel emissions due to this - why doesn’t the media want to report about these things when it used to be a daily occurence?
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Why after the Cash for Clunkers program are we no longer hearing about the crisis in the automobile industry? Now that this program is over haven’t the sales gone back down to the pre-program levels? I don’t see people lined up at car dealerships waiting to buy and I don’t see that this program will do anything in the long term. With the insignificant improvement in fuel emissions due to this - why doesn’t the media want to report about these things when it used to be a daily occurence?
February 20th, 2010 at 8:45 am
Because the Democrats are embarassed that the whole auto maker bailout was Pelosi’s idea.
Pelosi is the one who took to the podium the day after Election Day and announced that we must nationalize the auto makers.
And I warned everybody to remember, this is Pelosi’s idea. P-E-L-O-S-I. Because I just knew it would implode.
And it did. Just as soon as Obama handed them a check for the $30 billion bailout, GM pocketed the money and declared bankruptcy. so probably they will never have to pay it back.
That’s our money. Gone. Because Obama borrowed the money from China, and we still have to pay back China.
But here’s GM in the news announcing their revolutionary new electric car.
How does a bankrupt company introduce a revolutionary new kind of car?
It creates the impression that Pelosi took Obama by the hand, and they both robbed us of $30 billion of our money, and then gave that money to a big greedy company that will never pay it back, even though they still seem to be making cars just like always.
Meanwhile, Goldman Sachs, JPMorgan, and other big banks have paid back their TARP bailout loans plus interest, and GS just posted a world record profit. The government profited from this bailout, and the recipients are back in business.
To recap:
Bush/Pauson TARP bailouts: successful and profitable
Pelosi/Obama GM/Chrysler bailouts: bankruptcy and debt
No, if I was a Democrat, or a member of the liberal news media, I wouldn’t be highlighting any of that. Cheer Up
February 23rd, 2010 at 7:38 am
Simple: The mainstream liberal media, which blindly supports all Democrats (especially President Obama) wants to sell the “Cash for Clunkers” initiative as a resounding success. They don’t want the American people to know the truth that those of us who live in Michigan and eat, sleep, and breathe the auto industry already know — Chrysler won’t last another five years, and at the rate GM is going it’ll go the way of the dodo within a decade. They want the gullible Americans who never question what they see on the evening news thinking the bailouts are working, the economy is on the brink of recovery, and everything’s coming up roses now that the Democrats are in charge. What I want to know is why no one is talking about the deficit created by our current President that is already larger than the total deficit over all eight years Dubya was in office… sarge927