Posted on 08/05/2010 5:15:17 PM PDT by Nachum
They didn’t take his bailout money, but the president claims credit all the same: The year before I took office, this industry lost hundreds of thousands of jobs. Sales plunged 40 percent — 40 percent. When the financial crisis hit and this great recession hit, that collided with an industry that for a long time had put off some hard choices, had put off adapting to changing times. And we had to face a hard, unimaginable reality, which was two of the Big Three automakers — GM and Chrysler — were on the brink of liquidation.
(Excerpt) Read more at washingtonexaminer.com ...
The list, ping
All hail the Narcissist-In-Chief!
This guy can’t put two words together without sounding like a complete moron.
...and a grade “A” dooooooshbag.
Well then, it’s certainly coherent to think that he will be saving America, at least in his mind, to be helping its’ enemies.
Bill Ford and Mulally probably support Zer0 and greenness.
Yeah but......aren’t you really, really proud of the President of the United States? The worst this country has ever had!
HE’S RIGHT!!!
Who would want to buy anything from obamamotors1 or obamamotors2???
so by default FORD WINS!!!
This is about like saying “I saved the mouse population by rescuing cats.”
Funny thing is, I think he's right.
I can't believe I just said that.
Chevy has maintained at least some kind of profile in the public attention, much of it from the accursed Volt, but it is still a respected truck brand. Chrysler? Where did you hide, Chrysler? Ford trucks are better than Chevys anyhow, and I have one pi**ed-off Calvin to prove it.
BEGIN TRANSCRIPT
RUSH: Now, you notice, you notice, ladies and gentlemen, how Obama will not hold press conferences. The media doesn't care about this. He runs around the country claiming credit for things, assigning blame for things. He went to Ford today. We have the sound bite. Where is this sound bite? I think it's number 3. I'm changing my order on the sound bites from what I said. Where is it? I can't find it. Never mind. I'll have to find it during commercial break. He went to Ford. He started praising the federal bailout. (interruption) It is number 3? Play the sound bite. I don't have the transcript right in front of me. I can't find what I... Ah, here it is. This is this morning. Obama spoke at the Ford Motor Company Chicago assembly plant, and during the speech you had the Ford plant employees cheering against the Obama bailout. MSNBC happened to pull away from coverage at that point.
OBAMA: Now, Ford was in better financial shape and was able to weather the storm without federal assistance
AUDIENCE: (wild cheering).
MELVIN: President Obama speaking to a friendly crowd there in Chicago.
RUSH: They bumped out of the "friendly crowd," the Ford Motor employees cheering the fact that they didn't take a federal bailout and then the dunce reporter Craig Melvin, " President Obama speaking to a friendly crowd there..." It was not a "friendly crowd" in Chicago. The crowd was cheering the fact that they had not taken any federal bailout money. It was a repudiation of Obama. MSNBC had to cut out. So he's around. He's claiming credit for all of these things, assigning blame for things, but he will not subject himself to a press conference, even when most of the fake media is friendly. The reason for this is twofold. He's really not that smart, folks. This is part of the myth that Obama is superior in intellect and intelligence, smarter than all the rest.
He's not really that smart.
I mean, can we be honest?
Here's a guy who's come up with policies, and he claims that what he's trying to do here is fix the economy and create jobs, and yet everything he's doing is destroying that. How smart is that? He doesn't want to prove, he really doesn't want to illustrate how he is not smart. His policies are indefensible. I mean, there's no way Obama can defend his economic policies. There's simply no way. That's why they are going back to bashing Bush. Obama cannot defend one policy. So he doesn't even want to stand up there and have a press conference. He doesn't want to have any scrutiny whatsoever. It's a lot easier to go out and make pronouncements, send the wife over to Spain, go golfing, jump on a plane to Chicago, have dinner with Oprah, have the media fawn all over you -- do all of that -- rather than do anything substantive.
BREAK TRANSCRIPT
RUSH: President Obama went to the Ford plant in Chicago to talk about how he saved the US auto industry. Did you know that he saved the US auto industry? And by the way, the United Autoworkers are planning to target Ford this year for a massive strike. Here's how Obama did it. This afternoon he was interviewed by CNBC's Phil LeBeau who asked President Obama: "How do you feel about the fact that Ford was able to rebuild its business without a bailout?"
OBAMA: Well, the interesting thing is if you talk to Ford's CEO, he'll tell you that if GM had been liquidated, if Chrysler had been liquidated, that could have been a crisis for the entire industry including Ford because all those suppliers would have been lost and the brand of the American auto industry would have really been greatly diminished.
RUSH: There you have it. President Obama saved the US auto industry with a bailout. Saved Ford, too, because see, if Ford's competitors had been liquidated, Chrysler and GM, why, Ford would have been destroyed, too, because the brand of the American made automobile would have been diminished. So I, I, Barack Obama, I saved the auto industry. That's his answer.
END TRANSCRIPT
What an arrogant, poncy, two-bit, waygu-eating, arugala-chewing, sleazy, half-witted HUSTLER! He’s like a character out of a bad movie! It still blows my mind that he’s our friggin’ president!
Is being completely delusional impeachable??
The only reason he was even there was because he wanted to raise funds in the area and blending this trip with this nonsensical “official business” the taxpayers instead of the DNC has to foot his travel expenses.
don’t believe any of the numbers coming out of GM. They are cooking the books to prop up the equity IPO. Obama’s wall st donors will be forking your 401ks into that while shorting it for themselves and make another killing, while the taxpayers will still owe China the original $20bn that GM doesn’t have to repay. What a disgrace.
/s
>That makes the kind of sense that isn’t.”
You left out “mongrel”.
We have a Ford tractor as well.
He is right. I wouldn’t buy a GM or Chrysler now if they cut their prices in half.
If GumMotors and Chysler had declared bankruptcy they would have reorganized and the suppliers would have been unaffected other than waiting for payments or writing off losses. We would now be lightyears ahead of where we are now.
Pray for America
John, I saw the title and thought your name would be on it. I was wrong. A testament to your talent.
You know that was common talk here in Michigan on the likes of the Frank Beckmann Show, who is a friend of Rush along with a lot of WJR.
Here is the point Tier 1,2 and 3 suppliers make up a big portion of the auto employment population. If they had work with Toyota and Honda and Ford OK. If they didn't, right before d\the Chapter 11's they were scrambling to do so.
Their was serious concern that the supplier base without GM/DCC as customers, would have failed. You should talk to those in the industry at the time and their concerns off the record....
Thanks for saving my carpet, 0bama!
U.S. auto makers lost hundreds of thousands of jobs and should have due to over capacity.
BTW, as I recall, GM used to employ 650,000 in its prime and now employs about 10% of that number.
“For the first time in my adult life” I am ashamed for my country because of the POTUS!...worse than Carter!!!!
No Way... If I were Ford and you took of my two major (domestic) competitors out of the mix it would fatten me enough to OWN the Domestic Market and allow me to buy at least one of my Foreign (Import) competitors and set my ass up for the day the Socialist hangs himself (figuratively or with a loud crowd of partying beer swigging cane wielding Patriots assisting).
TT
Given that Ford will have to negotiate with the UAW, which holds a very large stake in their competitors, I think that things are going to get VERY interesting...
Mark
Sorry to offend the weak at heart here but Obama is the biggest fucking tool to ever sit in the White House.
Well DUH!
Sure, that makes sense.
Bail out Ace Hardware and Lowes to save Home Depot.
Bail out Target and Kmart to save Wal-Mart.
Bail out Wendys and Burger King to save McDonalds.
Riiiiiiiiiiiiiiiiiiight........
Of course, Obama is wrong. But the two would have survived just as well without taxpayer money if they had been cleaned up and downsized by the bankruptcy court.
“Obama: I saved Ford by bailing out its competitors” = Bwahahahahahahahahahahaha..............
Not does nobama sound like a complete moron...he is a complete moron.
Blame Bush for everything bad, take credit for everything good.
Can’t wait to hear him gloat about ending the war in Iraq.
I kind of get your point. When zero bailed out GM and Chrysler, and ended up owning 60% of them, people rebelled and bought Ford.
Seems he neglected a few of the minor details.
AAAAAAAAAAAAAAARRRRRRRRRRRGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!What a phony jerk!!!!!!
No,but it COULD activate provisions within the 25th Amendment(if there are any sane members of Congress and the Administration)
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