The Obama campaign likes to make a lot of fuss about the auto bailout, which used $82 billion of your tax dollars to confiscate the interests of auto industry bondholders and gave it to the likes of UAW and foreign companies like Fiat. Not to mention, the government shuttered numerous car dealerships right here in Ohio.
Despite what Obama likes to say, the fact is the auto bailout was nothing more than the government picking winners and losers, and using your tax dollars to benefit a few companies to the detriment of those like Ford and Honda who actually played by the rules and balanced their budgets.
Not to mention, Obama’s claims are completely inaccurate. The Columbus Dispatch today called out the President for his hollow rhetoric:
But as the president and vice president have kept returning to Ohio to tout the bailout and shore up support, thousands of salaried workers for Delphi, including hundreds in central Ohio, who lost their pensions in the government-orchestrated bankruptcy of the auto makers are speaking out about the myth of the government’s auto “rescue.”
“GM may be alive, but I’m struggling,” says one former Delphi worker in a video on conservative website Revealing Politics. The sentiment is echoed by several others, and contrasted with high-fiving comments by Vice President Joe Biden at a rally, celebrating that GM is alive because of Obama. (Emphasis mine).
Read the full editorial–the Dispatch does a great job of reporting the facts behind the auto bailout and its true effect on Ohio.
At the end of the day, Obama took billions of dollars to shore up his support among union workers, like those at UAW, all at the expense of hardworking Ohio auto-plant employees who deserved better.
Delphi workers played by the rules. Obama didn’t. But they’re the ones who suffered.
We can’t afford four more years of “leadership” like that.