driveby
Gold Member
- Sep 6, 2008
- 8,848
- 2,339
- 183
Still pouting about Obama saving the auto companies while Romney said "Let them fail"?
Still spreading the lie that Obama saved the auto companies? It has become well known that the auto industry would have survived a structured bankruptcy. The union contracts would not have. The difference here is that Obama gave his buddies at the UAW taxpayer money as payback for their political support by disregarding established bankruptcy law. 23 million payback dollars on the backs of the taxpayers. And then on to Solyndra.
As a matter of fact, we do not know that
No major corporation has had to go through bankruptcy restructuring during a massive economic collapse. There was no private money to be had. The market was bailing out in all sectors. Without the might of the US Government standing up for the auto companies, it is highly likely they, as well as the financial markets would have collapsed
It was a no-brainer.....except for Republicans
As a matter of fact, Obama royally fucked investors and moonbats applaud it.....