Don’t Bet Against the American People

[ChasC5]

Don’t bet against the American People … Hummm … someone really smart once said that!

Auto industry success a hard sell for White House

WASHINGTON -- The auto industry is providing President Barack Obama a good news story - automakers are making money, plants are hiring and the taxpayers' stake in General Motors is dwindling. Things are looking up for the president in assembly line country - just not the voting.

Obama, fresh from claiming vindication after last week's GM public stock offering, is joining Vice President Joe Biden on Tuesday at a Chrysler auto plant in Kokomo, Ind. This month in Indiana, Democrats lost a Senate seat and two House seats and were driven into the minority in the state legislature.

While Obama is embarking on a mission to change the public's mood, the story is much the same elsewhere in auto manufacturing states: The industry might be on the mend, but neither Obama nor the Democrats are reaping the benefits.

"You could talk to people in Michigan who would say, `Yes, I work at GM, my job was saved because the administration saved GM, but you know what, I'm voting Republican because I'm mad about the economy,'" said Democratic pollster Mark Mellman, who has polled in the state for departing Gov. Jennifer Granholm.

"And, you know, there were lots of those people," he said.
It's a sign of the enormous challenge facing Obama over the next two years. Unless the economy shows dramatic improvement, incremental gains such as a stabilizing the auto industry or recouping much of the money used to bail out giant financial firms are not big political winners.

"The auto progress not withstanding, it doesn't solve every problem that we've had," senior White House adviser David Axelrod said in an interview Monday. "There's no panacea, no silver bullet. Until we get that momentum going to the point where we can fill in that huge hole the recession created, people are going to be frustrated."

And while Obama and his aides have repeatedly asserted that without the government's intervention the economy would be in a sorrier state, few in the White House would argue that that's a winning political soundbite. As Obama himself said on "60 Minutes" earlier this month, "The hardest argument to make in politics is: Things would have been a lot worse if we hadn't done all those, taken all these steps."

GM has given the administration some bragging rights, at least for now.
The company launched one of the largest initial public offerings in U.S. history last week, more than a year after it was pushed into bankruptcy by the Obama administration and two years after the Bush administration propped it up with billions of dollars in loans. All in all, the taxpayers' stake totaled about $50 billion.

But the auto rescue came amid bailouts of big banks and financial companies - interventions that Republicans attacked and many in the public resented.
As signs of the auto industry's recovery began to emerge last summer, Obama traveled to GM, Ford and Chrysler plants in Michigan and Illinois to highlight local success stories.


Go ahead Refudiate this …

[Z06PDQ]

on another forum I frequent I was reminded that W initiated the bailout. that's laughable. first, they bash the "socialist" government for the loans & when it is painfully evident that helping the automakers was a giant success they say "W did it."

[ChasC5]

Originally Posted by Z06PDQ

on another forum I frequent I was reminded that W initiated the bailout. that's laughable. first, they bash the "socialist" government for the loans & when it is painfully evident that helping the automakers was a giant success they say "W did it."

I think we all know what Forum that is.

[TabuIsMe]

I'm American, where are my cliff notes? cause i'm not reading all that.

[Z06PDQ]

Originally Posted by TabuIsMe

I'm American, where are my cliff notes? cause i'm not reading all that.

automaker bailout a huge & undeniable success. you're welcome.

[TabuIsMe]

Originally Posted by Z06PDQ

automaker bailout a huge & undeniable success. you're welcome.

thank you

[ChasC5]

Originally Posted by Z06PDQ

automaker bailout a huge & undeniable success. you're welcome.

I have three (3)

99 Corvette
70 Buick Grand Sport
05 Tahoe

And one Asain my Wife 2010 Infinity M Class

God Bless American Autos and screw everyone who wants to kill the industry.

[TabuIsMe]

I have the perfect gif for this thread.. looking for it..
can't find it
It shows a big dog with a chevy collar looking down at a chihuahua (i believe this was ford :P) and it says Big dog hungry

[Peter Pan]

Originally Posted by Z06PDQ

on another forum I frequent I was reminded that W initiated the bailout. that's laughable. first, they bash the "socialist" government for the loans & when it is painfully evident that helping the automakers was a giant success they say "W did it."

Who controlled congress when this and the bank bailouts happened? Yes is was the libs, the pres should have used his pen and vetoed the bill as the unions are the big winners here, as the bond holders got nothing, and it does look like the taxpayer may get paid back so this part of the bailout is great.

[ChasC5]

Originally Posted by Peter Pan

Who controlled congress when this and the bank bailouts happened? Yes is was the libs, the pres should have used his pen and vetoed the bill as the unions are the big winners here, as the bond holders got nothing, and it does look like the taxpayer may get paid back so this part of the bailout is great.

Who controlled congress?

So what you are saying is Bush wasn't in control? You guys need to make up your minds.