A most interesting article when it comes to Mr. Obama’s
Bail Out” of the American auto industry.
Was it a bail out or the case of an arsonist speaking to the owner’s of the Winnipeg garment factory after a long weekend fire – a lightening strike so to speak. Or was it a case of “hit and run”.
An interesting well researched article or series of articles in a book that more than proves the point that it was a Soros left wing type agenda from before the very beginning when Obama came on the scene or was perhaps appointed to be the front -
Why Obama Bailed Out Auto Makers
From his second autobiography, The Audacity Of Hope – Thoughts On Reclaiming The American Dream, pp 99-100:
Chapter Five – Opportunity
… So far, the Bush Administration’s energy policy has been focused on subsidies to big oil companies and expanded drilling—coupled with token investments in the development of alternative fuels. This approach might make economic sense if America harbored plentiful and untapped oil supplies that could meet its needs (and if oil companies weren’t experiencing record profits). But such supplies don’t exist. The United States has 3 percent of the world’s oil reserves. We use 25 percent of the world’s oil. We can’t drill our way out of the problem.
What we can do is create renewable, cleaner energy sources for the twenty-first century. Instead of subsidizing the oil industry, we should end every single tax break the industry currently receives and demand that 1 percent of the revenues from oil companies with over $1 billion in quarterly profits go toward financing alternative energy research and the necessary infrastructure. Not only would such a project pay huge economic, foreign policy, and environmental dividends—it could be the vehicle by which we train an entire new generation of American scientists and engineers and a source of new export industries and high-wage jobs…
Take the issue of fuel-efficiency standards. Had we steadily raised those standards over the past two decades, when gas was cheap, U.S. automakers might have invested in new, fuel-efficient models instead of gas-guzzling SUVs—making them more competitive as gas prices rose. Instead, we’re seeing Japanese competitors run circles around Detroit. Toyota plans to sell one hundred thousand of their popular Priuses in 2006, while GM’s hybrid won’t even hit the market until 2007. And we can expect companies like Toyota to outcompete U.S automakers in the burgeoning Chinese market since China already has higher fuel-efficiency standards than we do.
The bottom line is that fuel-efficient cars and alternative fuels like E85, a fuel formulated with 85 percent ethanol, represent the future of the auto industry. It is a future American car companies can attain if we start making some tough choices now. For years U.S. automakers and the UAW have resisted higher fuel-efficiency standards because retooling costs money, and Detroit is already struggling under huge retiree health-care costs and stiff competition. So during my first year in the Senate I proposed legislation I called “Health Care for Hybrids.” The bill makes a deal with U.S. automakers: In exchange for federal financial assistance in meeting the health-care costs of retired autoworkers, the Big Three would reinvest these savings into developing more fuel-efficient vehicles…
This was written back in 2006.
source: http://sweetness-light.com/archive/why-obama-bailed-out-the-auto-makers
One only had to listen over the years to NPR with their tales of their visions of the great socialist agenda of the President of the US calling in the car company execs to dicate to them to make fuel efficient cars only just as President Rosevelt in World War II telling or informing them that they had no choice as to make tanks , rather than automobilies ” as this was the law”. It was to be a stacked deck – for your “own good” whether you saw so or not.
It is amazing the socialist mindset . It is not unlike a fundamentalist Christian preacher telling his group to go after those who had left the fold - as in the analogy that the sheperd’s role is to protect his flock for their own good. Those saved in the end will be grateful in the end.
Look at poor Mr. Wagonner the former head of G.M.
Here the Huffington Post speaks in terms of President Obama “asking” Rick Waggoner to step down from his post as head of G.M. “The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said. ‘
Rick Wagoner, GM CEO, Will Step Down At Obama’s Behest – UPDATE: The Obama administration asked GM CEO Rick Wagoner to step down, according to numerous reports. According to Politico: The Obama administration asked Rick Wagoner, the chairman and CEO of … UPDATE: The Obama administration …
Asked ? It is like being asked at a stgum weddiing as the unwilling groom at the festivities or smiling politely at a concentration camp guard at Aushwitz or speaking defferentially at a Canada Customs minor agent , with little training but the whip of beauracy and no accountability behind them .
What is amazing about the whole situation is that the people in charge have zero business and especially automotive industry experience are calling the shots. Secondly these people are actually against the whole idea of the industry and its products – and believe all should take the bus . or walk to work. Even at best the belief is for electic cars that are plugged in at night. Hello – where is the electric power and energy going to come from. California already has brownouts. Coal energy is being decried , more nuclear power plants are out of the question. Hello earth. Then again perhaps it is the rote of the tree huggers to shut this all down.
Yet none of the people in charge live this way. Amy Goodman of the NPR show Democracy Now jets arond the country for presentations and meetings. Does she walk , take a horse driven carriage or at the worst take a shared greyhound bus ? Al Gore of the “Green Scene’ and “Planet Warming’ jets around the world in the world’s most inefficient corporate jet
HolyCoast.com: Toxic Gore Stays Away From Capitol Cap-and-Tax Fight – This wasn’t about saving the ozone layer from the exhaust fumes of Gore’s private jet. It was about not spooking certain Democrats who are already afraid of what will happen in their districts as a result of this bill. …
Obama and his family celebrated his winning and future coronation with an empty Boing full size jet with only his family and bodyguards on board this almost empty gas / kerosene eating form of transport .
Hot Air » Blog Archive » Hard-hitting LA Times piece: Obama date … – The Obamas’ outing in New York — with jet and helicopter rides, chic dinner and play, and without the kids — is more than most of us can hope for. But their relationship can be a model. Now Obama is saving marriages. Wow, he’s so talented./ ….. The Euro leaders have Obama pegged as having a suit as empty as it seems to be. FT reports stories the fawning american media can’t share. seven on June 5, 2009 at 11:26 PM. Queen Michell is slummin in france right now. …
When will it all end. What a fantasy. Hopefully sooner rather than later.
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