>> But to answer your question, there is factual information to support the claim that Obama, in part, is responsible for the recovery. He was instrumental in saving the auto industry in this country.........an industry that directly employs hundreds of thousands and many more indirectly.
You and I have had this discussion before. And Obama did *NOTHING* to contribute to "saving" the auto industry, and as I have previously explained to you, his actions guaranteed that GM would end up BACK in Chapter 11.
If you knew anything about the Chapter 11 process, you know that GM was coming out the other side, no matter what. As I pointed out, correctly, at the time, the only purpose served by Obama was illegally, corruptly give the unions a larger stake in the organization.
You rarely have anything more than a facile understanding of what's happening in this country. Fortunately, the rest of us don't have to rely on your analysis to get at the truth:
We ask, did President Obama really save American auto makers? This is more a matter of opinion, and not an item for the Truth-O-Meter, but we can still shine some light on the question.
In broad strokes, the answer is yes, but with some help from the other party and with one huge unknown -- no one can say what would have happened without massive government intervention. We spoke with a number of analysts and read many independent reports. There is no question that General Motors and Chrysler are profitable today. But so is Ford, a company that received no financial aid at all. The jobs have returned -- although not nearly at the level they were before the industry began its steep decline in 2007.
Without a doubt, the American auto industry emerged smaller and more competitive.
[snip]
A key question for advocates of a conventional bankruptcy is whether private lenders would have come forward to finance any such deal. The view of most analysts is that the private money would not have been there.
The Economist, one of the bastions of free-market thinking, came around to that view. Originally, it favored no government intervention. In April 2010, it offered an apology to President Obama.
"Given the panic that gripped private purse-strings," the magazine wrote in an editorial. "It is more likely that GM would have been liquidated, sending a cascade of destruction through the supply chain on which its rivals, too, depended."
[snip]
When President Obama took office, he created a task force with a sweeping mandate to determine the fate of GM and Chrysler. The companies’ first proposals to the task force included downsizing, but the task force wanted deeper changes. In March 2009, Obama rejected those plans and said if the firms wanted federal money, they had to go through bankruptcy. That happened quickly. The car companies filed for bankruptcy in June and emerged in July.
[snip]
Today, total employment for carmakers and parts suppliers is up about 250,000 from 2009. In 2011, sales rose 10 percent for GM, 13 percent for Ford and 14 percent for Chrysler.
"Both Chrysler and General Motors are not just profitable," said Bragman. "They are significantly profitable, earning more now than they have in years."
The benefits have not flowed simply to GM and Chrysler. In a speech this June, Ford’s CEO Alan Mulally said the bailouts were the right medicine for his company as well.
"If GM and Chrysler would've gone into free-fall," Mulally said, "they could've taken the entire supply base into free-fall also, and taken the U.S. from a recession into a depression."
[snip]
As we said in the beginning, it is impossible to know if the American auto industry would have fared better without government money, without government ownership, and without strong government intervention. Most likely, that debate would be more robust if the industry were not doing well.
But for the moment, it is. The massive loss of jobs and the disruption to the network of auto parts suppliers did not happen. The shock that might have hit all car makers and the overall economy is not staring lawmakers in the face. Given the tangible reality of today, the view among most analysts is that President Bush kept the carmakers afloat long enough for President Obama to put them on solid footing moving forward. If that matches the definition of a rescue, then both presidents saved the auto industry.
politifact.com
Obama's handling of the auto crisis in 2009 was nothing short of masterful.
>> He could have gone after Bush/Cheney for war crimes as many in his party demanded. He did not.
That's weak, even for you. What an absurd remark. Bush/Cheney are no more guilty of "war crimes" than you are. And Obama knew that, as well. That's an "accomplishment"?
There is a case to be made.......but trying that case would have been very difficult and polarizing. Obama wisely chose to not pursue it.
>> He could have pressed criminal charges against the heads of banks as many in his party demanded. Instead, he chose to exact fines......billions and billions of dollars in fines.......at a time when the federal gov't desperately needed the revenue.
This is simply not factual. There is no evidence, whatsoever, that any banking crimes were committed, other than the couple of people who were prosecuted. You can't just go to trial with no evidence. That's not the way it works.
There was considerable evidence.....talk to Mindmeld about it.
I've been involved in criminal prosecutions against individuals accused of financial crimes. They are exceptionally difficult to prove, almost impossible to win. And in this case, there was no credible indication that any law was violated.
Oh shit..........you have been involved in everything...............a jack of all trades and a MASTER of none.
I'll make this simple: Provide me with what you believe is evidence of a financial crime.
This was a just a BS post if I've ever seen one. EVEN IF IT HAD BEEN FACTUAL, ANY PRESIDENT FOR WHOM THOSE ARE THE ONLY NOTABLE ACCOMPLISHMENTS IS AN ABJECT FAILURE.
You guys are laughable. You've had more than five years to come up with AT LEAST ONE FACTUAL, IMPORTANT SUCCESS. And you cannot even do that.
Here you go:
whatthefuckhasobamadonesofar.com
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