Amount of taxpayer funding given to GM and GMAC comes to a staggering $50.4 billion.
Post Tagged with: "GM"
October 16, 2012 09:24
You Lie! The Auto Bailout Was a Failure!
New CF&P video exposes Obama / Biden’s claim to fame as a costly taxpayer funded boondoggle.
August 27, 2012 06:52
Propping Up Corporate America
Why isn’t there more outrage against corporate welfare? Well for one thing, corporate welfare is often hidden.
August 17, 2012 07:44
Obama’s “signature achievement” could be heading for bankruptcy again
Not only does Obama portray the GM bailout as a great success, he has actually said, in public, that he wants a lot more “successes” just like it. “I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he told an audience in Colorado last week. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.” – Human Events
August 13, 2012 07:08
Obama’s China Bailout – 70% of GM Cars now Made In Communist China
I wonder how millions of unemployed Americans feel about their bailout money that is now invested in China. The President is right that GM is number one again – in China.
July 31, 2012 08:14
GM making risky subprime loans to prop up Obama bailout myth
Desperate to keep the myth of “saving the auto industry” with billions of taxpayer dollars alive, GM is trying to keep sales figures up by offering car loans to people with poor credit. Isn’t this what caused the housing collapse?
July 19, 2012 10:16
Let’s Talk About Outsourcing
[Obama] spent billions of U.S. taxpayer’s money overseas to create outsourced jobs.
July 11, 2012 04:35
Obama’s false claims of auto bailout still costing taxpayers
Turns out Obama is still using taxpayer dollars to prop up GM. The government is buying the cars nobody wants. GM’s stock price has fallen below what it was for the IPO leaving taxpayers still on the hook for about $24 billion and unlikely to get it back as GM continues to lose market share.
June 14, 2012 07:51
New report – Billion$ in Obama’s auto bailout went to rich unions
Taxpayers lost between $20 billion and $23 billion on the auto programs. Thus, the entire loss to the taxpayers from the auto bailout comes from the funds diverted to the UAW.
May 18, 2012 09:27
Biden rants to auto union – but admitted Obama lost jobs and closed factories
Biden seems desperate as he loses it while speaking to a friendly auto union crowd. Biden boasts of the auto union bailout with taxpayer dollars but bond holders and non-union workers got screwed in the union giveaway. Biden has admitted that dealerships and factories were closed and thousands lost jobs in Obama’s union payback that still has taxpayers on the hook for billions.
