Correction: the auto bailouts helped the UAW ! But our grandchildren who will
have to pay for it he billions not paid back; not so much!
The result of this survey, combined with personal bankruptcies, carrying
balances on credit cards, the housing bubble, and the re-election of deficit
spending politicians are proof that our nation has a collective financial IQ of
67. The results are also inconsistent with the report from
BO’s own special inspector general for TARP. The January 2012 SIGTARP
report to congress shows the treasury MADE money on the bank bailout, but will
LOSE $20 billion on the auto bailout.But will BO correct the
populace’s misconception? NO! he’ll take advantage of the
misconception to further his re-election chances.
Had Mitt been in Obama's shoes, he too would have engaged in a bail out as
well... re-organizing and re-investing into business is exactly what Mitt did in
his business glory days. He probably would have appealed to more
private investors to do the deal, given his ties to Wall Street. Nonetheless,
he would have used his government position to structure the deal and guide the
process, touting his business credentials as central to his need to oversee the
deal. He would not have allowed his beloved Michigan and car
industry go belly up. His wife drives three Cadillacs for heaven's sake!