Remember when Barack Obama told the American people that if he couldn’t fix the economy (not like a president has that power anyway), that it would be a one term proposition? Well, apparently he didn’t mean it. In fact, in a speech at Illinois’ Knox College, Obama blasted Republicans for his five years of a failing economy, blaming it on “distractions, political posturing and phony scandals.”
The speech is the “same old same” old from Obama. He talks about roads and bridges that need repair, fighting those making too much money and fighting poverty, all of which continue to exist. One of the points he made really made me chuckle and that is how he continues to promote the idea of “saving the auto industry.” In light of the recent admission by the city of Detroit that they are bankrupt and the fact that General Motors is building plants in Mexico, after stiffing taxpayers for $10 billion, I just shook my head at the outright lies this man tells.
“Today, five years after the start of that Great Recession, America has fought its way back. Together, we saved the auto industry, took on a broken health care system, and invested in new American technologies to reverse our addiction to foreign oil and double wind and solar power,” Obama said. “Together, we put in place tough new rules on big banks, and protections that cracked down on the worst practices of mortgage lenders and credit card companies. We changed a tax code too skewed in favor of the wealthiest at the expense of working families, locking in tax cuts for 98% of Americans, and asking those at the top to pay a little more.”
First and foremost the auto industry was not dying, just General Motors. Ford didn’t have their hand out and neither did many auto manufacturers. The real issue was Obama was out to pay his buddies back for helping him get into office.