Fact Checking As Requested Part II...
Don't Drink This Or Stop If You Have Been!
Having received such a splendid response to my Part 1 of fact checking DNC speeches I thought I'd shed a little more truth on Team Obama. Now our Crazy Uncle Joe loves his new slogan - "Osama bin Laden is dead and General Motors Is Alive." The other day on my Hub I had a liberal of genius quality, at least in his own mind, that trumpeted that Obama saved General Motors. The truth, if he bothered to fact check it which the far left wants no part of, is that General Motors is on life support. The Chevy Volt, where Obama put his reputation by saying when he was out of The People's House he would shuffle on down to the dealership and buy one, is a true basket case. It's one of those far left green jalopies. We now need to show him the showroom floor.
What Uncle Joe failed to mention, and by extension a peanut vendor from New Hampshire, failed to mention that is that right now the US tax payer is still on the hook for $49 billion dollars. Praise salvation in Obama's name huh? So what about the Volt? The figures sure don't look good. For every Volt Chevy that sells they rack up a $49K loss. Isn't it splendid how it works when the federal government picks winners and losers?
You know what isn't funny? The Chevy Volt lists for $39K so do the math tree huggers.
The Totality Of The Team Obama Campaign?
Here's the way Reuters hit the nail on the head:
"Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM today issued a statement disputing the estimates.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.
And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others"
Encouraging news for those of us who funded that bailout huh? So now I'll let my liberal readers fact check me, if they can. When Obama first assumed office the federal government invested more than $100 billion in tax payer money to bailout basically the UAW, not General Motors. Presently all of General Motors is worth less than $34 billion. That liberal math isn't working for me. We the tax payers are looking at a loss. It's called a failed bailout and an attempt by the federal government to pick the winner.
But instead we hear stuff like this:
Or Here's Jennifer Granhom's Spin...
Both of these Democratic career politicians are nut jobs. General Motors should have been sent to the bankruptcy courts, no passing Go and no collecting $100 billion dollars. Same with Chrysler and then they had the nerve to try to say they saved Ford Motor Company too? How absurd. Ford's CEO told them to take it and put it where the sun doesn't shine. In the future I will be driving Ford products.
Obama is spending $25 million in battelground states spreading the Dems lies. Many might believe it but facts say otherwise. The problem is that what is being spun is not true and the real losers, other than those of us who pay taxes, are former workers like Dephi employees who weren't UAW workers. They lost their pension money and health care benefits to insure that UAW workers had their nest feathered even more. The UAW was the chief cause of the collapse of GM and Chrysler so naturely Obama should reward their efforts to bankrupt a major corporation
I'll close with this video and you can see more on You Tube @ Dephi Retirees for you fact checkers out there. I suggest that maybe you open your eyes and look at the whole picture of the auto bailouts that were so unpopular at the time they happened. Then suddenly since Obama became involved it was the best thing since sliced bread? That's hilarious.
The Part That Keeps Getting Left Out Of The Story. The Left Keeps Talking About Compassion?
With the current problems GM is facing if we get Team Obama for 4 more years expect another bailout. Bailouts are always better in a Democrat's mind than restructuring under the bankruptcy laws. You see when that happens the UAW contracts become a moot point.
Well now, our Crazy Uncle Joe is still out there gaffing away. Osama bin Laden is indeed dead thanks to Seal Team 6 and General Motors Is On Life Support With One Foot On The Banana Peel.
The Frog Prince
Ask And Ye Shall Receive Part 1
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