Obama: Saved the Auto Industry…Wants to Save Every Industry…

14 Aug

Taxpayers to Lose $25 Billion on Auto Bailout, Not $3.3 billion

The government still holds 500 million shares of GM stock and needs to sell them for about $53 each to recover its entire $49.5 billion bailout. At the current price, the Treasury would lose more than $16 billion on its GM bailout.

 

Now Obama wants to weave his magic across the economy….

“I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.

He’s already started saving the coal industry..

Romney/Ryan – 2012… please…

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