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De Omnibus Dubitandum - Lux Veritas

Saturday, November 3, 2012

Did Bush Save General Motors? Obama Messed Up Chrysler

by Hans Bader on November 2, 2012 · 2 comments:  in Bailout Watch, Economy
If you accept the dubious logic the federal government “saved” the auto industry (which requires ignoring other things that rescued General Motors, such as the Japanese earthquake and tsunami, and Thai floods, that battered its Japanese competitors, and ignores how government red tape weighs down the auto industry), then you have to give the credit primarily to President George W. Bush, not President Obama.
PolitiFact leaves out Bush, and refers to the bailouts as Obama’s “rescue of the auto industry,” in a flawed recent “fact-check” of a claim that is literally true but arguably misleading (the claim that “Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China”). It’s just the latest faulty pronouncement from a “fact-checker” that falsely claimed a costly energy-rationing scheme wouldn’t raise energy prices, and got the basic facts of a Supreme Court decision wrong.   To Read More…… 

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