Obama touts benefits of auto bailout as debate looms

Reuters ^ | October 13, 2012 | By Mark Felsenthal

[Steven Tyler]

Imo, its the biggest reason business will not expand under an 0bama regime. The rules will change and be applied retroactivly at any time

[Pietro]

Obama's grasp of business and economics is so shallow he hasn't a clue to the long term damage he's done. Let's review:

1) he violated contract law when he stiffed the bond holders. So what happens next time GM puts bonds up for sale? That's right, the only ones stupid enough to inv est in GM is the gov.

2. He twisted the books to the benefit of the UAW which is the largest organized slumber party on the planet. The primary reason for GM insolvency is the UAW. Between the strangulating work rules and the krispy creme bennies they guarantee the inevitable GM bankruptcy.

3. finally, the moronic idea to produce cars that nobody, and let's be clear, NOBODY wants to buy. Who needs market research when we have the oceans to lower, right?

Ok obama let's hear that rah-rah for Detroit; the last place on earth any sensible human being wants to be.

[dk88]

Yes by all means - keep bragging about how you've saved Detroit.