By Seton Motley | Newsbusters
One thing I’ve learned in the year I have spent tracking General Motors cum Government Motors (GM) – and all its Crony Socialist, green non-energy “energy”, flammable absurdities – is the fact that the car media are every bit the Leftist open-channel steno pool as are the political media.
And with President Barack Obama running for reelection in large part on the utterly failed “success” of the $85 billion auto bailout, the car and political media have by now achieved fully melded fusion.
The examples are myriad.
The press in parrot-unison hail Obama for having “saved” the auto industry.
But always somehow fail to report that we have lost (at least) $23.6 billion on the (mis-ad)venture.
Or that Obama handed an additional $68 billion of our coin – to two companies with a combined market value of around $8 billion. How’s that for new math?
The press in parrot-unison back Obama’s excoriation of Republican Presidential candidate Mitt Romney for suggesting GM and Chrysler file for bankruptcy.
But always somehow fail to report that Obama…had GM and Chrysler file for bankruptcy. Just as Romney recommended. But Obama did so only after handing them an additional $68 billion of our money. Which is not at all like what Romney suggested.
Correct me if I (and Romney) are wrong, but GM and Chrysler could have gone bankrupt – for free. Companies and people do it all the time – with especial frequency here in the Age of Obama.
Read the article here.