The article cited some of the facts given in the mainstream reports and the things that were not mentioned:
Not mentioned was the auto bailout will lose us about $30 billion.
The Blaze is reporting today:
As it turns out, there’s a big reason GM experienced an increase in sales last month: “government purchases of GM vehicles rose a whopping 79% in June,” according to the National Legal and Policy Center’s Mark Modica.
The article at Newsbusters made a wonderful comparison:
That’s like you setting up a lemonade stand for your kids. You buy them the lemons, sugar, cups and pitchers – and then buy most of the lemonade yourself.
Except you are President Obama. Your kids are the United Autoworkers Union. And the lemonade cost $50 billion.
At least you get to tax your neighbors for the $50 billion.
When you hear President Obama listing the saving of General Motors as one of his accomplishments, understand that you are still paying for that accomplishment, that senior citizens and others who held preferred stock in the company got the shaft, and that it really was not so much of an accomplishment.
Another reason I proudly drive my Ford Mustang!