Yesterday, Obama wielded his scepter of justice to seize GM and Chrysler. If you listened to his speech, you probably would have thanked him for it as well. However, I’ve made a point to read his speeches instead. It helps to cut through the lies he’s spinning. I’ve rearranged the important segments for all to see his double talk.
“Let me be clear: The United States government has no interest in running GM. We have no intention of running GM.”
Let’s be clear folks. Firing the GM is not running GM! Rejecting GM’s plan not because it wouldn’t work, but because “it isn’t strong enough,” that’s too is not running GM! Offering GM capital over the next 60 days is not running GM! In fact, GM is running GM so long as they do exactly what Obama thinks they should do. Chrysler on the other hand, Obama is running. I know this because President Obama decided that Chrysler must merge with Fiat. Plus, he didn’t tell us he wasn’t running Chrysler as he told us with GM.
“But after careful analysis, we’ve determined that neither goes far enough to warrant the substantial new investments that these companies are requesting.”
Who’s analysis? How far is enough? We know that, “…no one can deny that our auto industry has made meaningful progress in recent years – and this doesn’t get talked about often enough. Some of the cars made by American workers right now are outperforming the best cars made abroad. In 2008, the North American Car of the Year was a GM. This year, Buick tied for first place as the most reliable car in the world.” The car of the year by the way was the Chevy Malibu, which is not a hybrid.
“And that’s why we’ll give Chrysler and Fiat 30 days to overcome these hurdles and reach a final agreement.” This is where Obama shows us his golden car company management skills, by tilting Chrysler’s hand to the buying company, Fiat. This is a sure fire way to get tax payer money back, let’s give Fiat a major bargaining chip by setting the time frame and an ultimatum. Truly, Obama cannot be charged with inefficiency. The game of negotiation is a very complex one. If you are going to work out the most favorable deal for Chrysler, then you must use as many tools as possible, not diminish them with rhetoric. Keep in mind, the buy out of Chrysler will probably be used to help repay the tax payers. Glad to see Obama working on the side of Chrysler.
“Now, while Chrysler and GM are very different companies with very different paths forward, both need a fresh start to implement the restructuring plan they develop. That may mean using our bankruptcy code as a mechanism to help them restructure quickly and emerge stronger.”
If only this was said and upheld long before we gave these companies a dime. Yet once again, Obama is showing us how the government wastes no money. I thought the billions we have already given, the 6 billion more for the Fiat deal, the billions more for the 60 days of cash influx to GM (surely to be many, many, many more billions), the money the IRS will spend to offer tax credits to buy cars, the tax breaks congress is offering to buy American cars and the backing of warrantees were to keep these companies from going into a disorderly bankruptcy. Now bankruptcy is a way to “clear away debts.” I love how government opens up so many options.
“But what I can promise you is this: I will fight for you. You’re the reason I’m here today…And I won’t pretend that the tough times are over. I can’t promise you there isn’t more difficulty to come…There are jobs that won’t be saved. There are plants that may not reopen.”
Obama will fight for you. Please don’t expect that in fighting for you that you will be getting a job. Also, fighting for you does not mean that plants will be reopening. Hopefully, you will feel better by him spreading the paid around. However, don’t expect your life to be any better. That is not Obama’s business.
“In moments of trial and moments of hardship…Americans rediscover the ingenuity and resilience that makes us who we are.”
I see no ingenuity in anything Obama has been saying. This is a nice “rugged individualism” reference, but there is no place in this speech where individuals are involved in making the auto industry better. In fact, the ideas of individuals were “not strong enough” for Obama. Perhaps, ingenuity is limited solely to Obama’s brilliance.
What Obama has said, speaks for itself. I do not understand the progressive’s blind faith in Obama for the same reason I did not understand the conservative’s blind faith in Bush. The Founders of this country were skeptical of government and for good reason. They defeated a system of tyrants who believed they had a divine right to rule. That elitist attitude has not disappeared but reemerged in the form of our modern day government. We as the people should be expecting more from our elected leaders and demand that they recognize the limits of government that were required by our Founders in the constitution.