The closer we get to 2012, the more the truth will be coming out There are parallels in recent events. The Obama administration no more deserves credit for the US auto industrys rejuvenation than it deserves credit for finding Osama bin Laden. That work was initiated and done on President George W. Bushs watch, and it continued because Obama kept Bushs team largely in place. Obama has blamed Bush for everything bad that happened (as a result of Obamas miscues) in the first two years of his term, so how about giving Bush credit for having the right foreign policy and the appropriate interrogation/intelligence gathering process, leading to finding the most wanted man of allOsama bin Laden. Fat chance of that. President Obama uses the word I more than all of the past dozen Presidents combined. Too bad he wont say I cant take credit for that. It was startedand finishedby someone else. But then narcissists can never do that. The American government bailout was a $50B mistake created by decades of greedy unions, gutless/clueless management and abetted by gullible, misguided governmentled by the Pretender in Chief, Barack Obamathrowing American taxpayers money at the problem. When will Americans recognize these kind of mistakes? GM: Gutless Management + Greedy Unions + Gullible Government = $50 Billion Bailout Cost to American Taxpayers - Prosper Now - - Forbes Govt to lose $14B of auto bailout funds (wink wink, thats not even close) Govt to lose $14B of auto bailout funds - Yahoo! News Reuters U.S. President Barack Obama speaks during Memorial Day ceremonies at Arlington Cemetery in Arlington, Slideshowresident Barack Obama WASHINGTON The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.