Obama’s Auto Bailout Lies | FrontPage Magazine: In what has become part of his general re-election strategy, president Barack Obama is touting the government bailout of automakers GM and Chrysler as a great success. “The American auto industry was on the verge of collapse. And some politicians were willing to let it just die. We said no,” Obama told college students last week in Ann Arbor, Michigan. “We believe in the workers of this state.” Yet much like other pronouncements of “fact” that come from this president, the devil is in the details, many of which don’t remotely square with the reality. Much like the banks, the auto industry was “too big to fail,” and it was “saved” in exactly the same fashion: with a multi-billion dollar bailout, courtesy of the American taxpayer.
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