American Automobile Industry: Can it survive? Message Board

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Technology Stocks : American Automobile Industry: Can it survive?

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From: TimF	6/9/2011 1:30:52 PM
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The Fact Checker President Obama’s phony accounting on the auto industry bailout By Glenn Kessler Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency.” — President Obama, June 4, 2011 This post has been updated. With some of the economic indicators looking a bit dicey, President Obama traveled to Ohio last week to tout what the administration considers a good-news story: the rescue of the domestic automobile industry. In fact, he also made it the subject of his weekly radio address. We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case. What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan... washingtonpost.com

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