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Obama claims he Saves GM. But what about Solyndra?
http://autos.yahoo.com/blogs/motoramic/battery-bui...
and another bankrupt company A123!
The difference is Obama wasted our tax money.
6 Answers
- ?Lv 69 years agoFavorite Answer
He didn't save shiit. He stole money from the US taxpayers and gave it to GM execs and union bosses. Anyone can appear to be great when they have the wealth of the US taxpayer to back them up.
- Anonymous9 years ago
You actually believe anything he says? After four years of spinning and spinning and spinning?
-6/14/12 politico.com: President Barack Obama congratulated the “Big Three” American automakers Saturday in his weekly address to the nation, calling the resurgence of Chrysler, GM and Ford “remarkable.”
7/12/12 the blaze: General Motors announced this month its auto sales increased by 16 percent in June, its best monthly sales gain since 2008. Considering all the company has been through, and the fact that it still owes taxpayers approximately $25 billion in TARP repayments, a 16 percent boost in sales sounds like good news, right?
7/5/12 http://nlpc.org/stories/2012/07/05/gm%E2%80%99s-go...
“We now learn that government purchases of GM vehicles rose a whopping 79% in June.”
-8/13/12 Detroit News: The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast.
- ?Lv 69 years ago
Solyndra - 1100 workers
GM - 202000
hmmm... that would be like comparing the Greek economy to the American one. And we all know only an illiterate moron would do that...
- George BLv 69 years ago
Although GM is selling more cars they still are losing money and may need ANOTHER stimulus in order to survive.
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- BatmanLv 69 years ago
Only 4 companies who received money for green tech went belly up. He technically has a better record than Bain....
- 9 years ago
some companies do go under... it's true...
that's capitalism...