Re: U.S. Hurries to Sell GM Stake (taxpayers get hosed)
wow, 3 pinochios
from wapo's factchecker
on the issue the slasher wants most to run victory laps around, his rescue of the entire auto industry
today:
With some of the economic indicators looking a bit dicey, President Obama traveled to Ohio last week to tout what the administration considers a good-news story: the rescue of the domestic automobile industry. In fact, he also made it the subject of his weekly radio address.
We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.
What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.
President Obama's phony accounting on the auto industry bailout - The Fact Checker - The Washington Post
fair use prevents my copying the pinochios and wapo's corrections
the "misrepresentations" called out by wapo's factchecker were:
chrysler repaid every dime it borrowed from the taxpayers during my presidency---6 years ahead of schedule---and this week's deal with fiat will leave the company in 100% private hands
the big 3 are all hiring faster than any time since the 90's
and: gm plans to hire all workers laid off during the recession
wapo also calls "a strawman," the slasher's assertion that the alternative to his and bush's bailouts was to do nothing
how i've come to loathe that word, strawman
y'know, around here
so many followers, so few leaders
of course a person like myself would naturally note wapo's tossing of terms like "weasel words" and "chicanery"
look, i don't believe wapo anymore than you do
i think the larger point is---the slasher has evidently lost and is continuing to lose a certain important portion of his most elitist base
i mean, to call him a liar
and on this, his prettiest plank
well, as always, it is what it is
wapo also seems to find it worth mentioning to report that 46% ownership of gm belongs to the uaw