Funky Cars > WaPo fact checker: Obama's auto-bailout speech “one of the most ...

[Hot Air » Top Picks] Finally, Obama once again trotted out the canard that Republicans wanted to do nothing in 2009 but stand by and watch GM and Chrysler fail.  Kessler doesn’t mention the fact that Republicans intervened in 2008 with bailout loans during the Bush administration, but he does note that even those opposed to the second round of loans weren’t advocating doing nothing at all.  Kessler also doesn’t mention the fact that Ford refused the bailout money and managed to survive without government intervention, while taxpayers spent tens of billions of dollars floating two corporations that have spent decades digging their own financial graves.  In the end, Chrysler disappeared as an American automaker, getting bought by Fiat, and taxpayers ended up carrying the weight of GM and Chrysler pension plans, thanks to the politically-engineered bankruptcies imposed on stakeholders of both firms.

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[Solid Principles] Never Let a Good Weinergate Go to Waste | Solid Principles: the companies (GM/Chrysler) in bankruptcy, it should have held real auctions and invited anyone to bid. But the government decided that there was no need to let pesky rule-of-law considerations interfere with its plan to help out the unions and other favored creditors.

[Business Insider] The Washington Post SHREDS Obama For Being Dishonest In His Latest ...: I remember business publications at the time talking about a bankruptcy by GM or Chrysler would have had a ripple effect on parts suppliers, pushing them into bankruptcy and causing supply disruptions for many of the car companies. I'm sure there were many different avenues we could have embarked upon, but with the information available at the time and the free fall that the economy was going through I can't say that I wouldn't have followed the path we did rather than letting the BK lawyers extract their ton of flesh and drag the situation out for months or years.

[marfdrat] Obama Statistics: Lies, Damned Lies, and Stuff Made Up in Speeches ...: “In the year before I was President, this industry lost more than 400,000 jobs, and two great American companies, Chrysler and GM, stood on the brink of collapse. Now, we had a few options.  We could have done what a lot of folks in Washington thought we should do ”” nothing.”

[autogazette.info] Obama's economic panel applauds GM, Chrysler resurgence – USA ...: Bloom said that while the loss of $14 billion would be serious, it would still be worth it: “We’re not going to apologize for the fact that there are literally hundreds of thousands of Americans working today because of what happened.”

[BizzyBlog] WaPo Fact-Checker on Obama Auto Bailout Claims - BizzyBlog: As Ron Gettelfinger informed GM workers in May 2009, post-bankruptcy contractual arrangements involved “no loss in your base hourly pay, no reduction in your health care, and no reduction in pensions. The government’s moves during bankruptcy were about maintaining the status quo at the expense of specific creditors, the car-buying public, and the rest of the country.

[eWallstreeter] The Washington Post SHREDS Obama For Being Dishonest In His Latest ...: Chrysler has repaid every dime to the government: The U.S. government only got 90% back of .fastest rate since 1990s: Bureau of Labor statistics don't back up the government's claims (they say data isn't public for three big auto manufacturers).

[A world at war] Once, twice, three times Pinocchio | A world at war: ““Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency ”” and it repaid that money six years ahead of schedule. And this week, we reached a deal to sell our remaining stake.

[Only Cars] Obama's economic panel applauds GM, Chrysler resurgence | Only Cars: The report came ahead of the president’s scheduled visit Friday to a Chrysler plant in Toledo, and amid clear signs that the administration is moving to take credit for the survival of the domestic auto industry.

[Business & Technology News] The Washington Post SHREDS Obama For Being Dishonest In His Latest ...: President Obama spent last week talking about the success of the auto bailout, but his conclusions about its success may be a bit misleading, according to the. Washington thought we should “do nothing” to protect Chrysler and GM: Not so clear cut;

[John Paulus] Washington Post: 'Most misleading collection of assertions we have ...: The story is interesting in that the liberal Washington Post actual did their due diligence in their reporting.  They tackle Obama’s false and outlandish claims that Obama has made: “Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency ”” and it repaid that money six years ahead of schedule. And this week, we reached a deal to sell our remaining stake.

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