If You Vote For Obama

(this will remain at the top of the page through the election, new items will be placed above the fold)

If you vote for Obama:

* You are voting for the man that is claiming credit for saving GM and Chrysler and mocking Mitt Romney for saying they should have been allowed to go through bankruptcy...but he threw $80 billion at them, handed them over to unions, and they STILL had to go through bankruptcy with taxpayers out about $20 billion.

Did You Know

Did you know that the American auto industry that Obama "saved" with a taxpayer-funded bailout now reaping "record profits" (because Obama had them game the system so they're not paying any taxes) despite the much-mocked calls of those like Mitt Romney that said they should have been allowed to go into bankruptcy and restructure...

went through bankruptcy?

Did you know that?

I didn't know that.

But it's true. Obama through tens of billions of taxpayer dollars at them, illegally decided that they wouldn't pay their creditors, took a bunch of them over, handed most of the rest to the unions...

and they still had to declare bankruptcy.

And they still owe us, and will likely never repay us, about $20 billion.

And that's how Obama "saved the American auto industry" - refusing to pay their creditors, giving them tax payer funds with no hope of recovering the "loan", letting them skip on paying taxes (their "fair share" is zero, apparently), giving people that can't afford them car loans (sound familiar?), big government orders for GMs, and then putting them through the bankruptcy that people like Mitt Romney called for (except without all those other handouts and union goodies)

U.S. Auto Industry In Recovery Mode

The data from J.D. Power suggests that the three-year shake out period between 2008 and 2012 may have benefited the industry as it looks toward the future. In that three-year span, two of the Big Three U.S. auto makers – Chrysler and General Motors (GM) – filed for bankruptcy. Since restructuring their massive debt loads and streamlining their operations, the two iconic Detroit car-makers have returned to profitability...

Another concern is a rise recently in risky borrowers getting approval for car loans. The auto industry resembled the housing industry last decade in that sales and prices were pumped up artificially by giving credit to risky borrowers, many of whom couldn’t pay back their loans.

----

Rehabilitated General Motors Eyes $10 Billion Annual Profits

Daniel Ammann, GM’s chief financial officer, told The Wall Street Journal the auto maker aims to further boost its profits by juicing its profit margins to 10% from their current levels of 6%.

GM is poised to report 2011 net income of about $8 billion -- its highest ever and doubling 2010’s profits, the Journal reported.

According to the Journal, just 17 public companies generated net incomes of $10 billion or higher in 2010, including a number of energy giants and tech darling Apple (AAPL).

Detroit-based GM succumbed to bankruptcy in 2009 amid enormous debt levels, heavy pension obligations and tumbling sales in the Great Recession. With help from U.S. taxpayers who provided debtor in possession, or DIP, financing, the iconic auto maker emerged with a slimmed down business model and a new approach. The U.S. still owns a 26% stake in Detroit.

Last week Chrysler, which also went through a government-assisted bankruptcy, unveiled its first annual net profit since coming out of its restructuring.

At some point you've made enough money...except when you're Government Motors? Everyone should pay their fair share...except when you're Government Motors? The Occupy Government Motors rally starts...when?

Leading The Way

Newspapers really need to get kids reading to perpetuate themselves.

The TU is sure showing us the way with their Sunday edition and a featured story that starts out talking about sex and threesomes.

C'mere, Johnny, put down that ipad and read the newspapers, it's good for you.

And?

I'm with MSNBC and the liberal papers and liberal NYers writing in to the papers...why is the Catholic church so upset about being forced to provide abortions and sterilizations to employees? They just hate women that much.

Meet The New Tone, Same As The Old Tone

Very quick refresher on the "old tone" caused by 'conservatives':
Howard Dean intimating that Bush may have been in on 9-11 attacks.


NY's own Charlie Rangel compared fighting terrorists in Iraq to the Holocaust.

Which differs markedly from the "new tone" (now below the fold due to length):

Did You Know?

Rick Santorum:

"I don’t want the government to fund it through Planned Parenthood, but that’s different than wanting to ban it; the idea I’m coming after your birth control is absurd. I was making a statement about my moral beliefs, but I won’t impose them on anyone else in this case. I don’t think the government should be involved in that. People are free to make their own decisions."...

He said Friday evening that it’s the idea that states don’t have a right to pass such a law that he opposes, because he does not see the right to privacy as a constitutional right envisioned by its signers. This is hardly a new argument.

“It could have been a law against buying shoestrings; that it was contraception has nothing to do with it. States have the right to pass even dumb laws.”

To be clear, he does think that laws banning birth control would be dumb “for a number of reasons. Birth control should be legal in the United States. The states should not ban it, and I would oppose any effort to ban it."

Quick Hit: Media Hypocrites

NBC Pushed High Gas Prices Under Bush, Now Worried They Would 'Crush' Economy Under Obama

When The Government Picks Winners And Losers...

rich liberals win...poor city kids lose:

The Daily Caller reports that the White House intends to increase taxpayer-funded subsidies for those who purchase new-technology vehicles, including the Chevy Volt, to $10,000 per buyer, up from $7,500...

While the rich are riding in their taxpayer-subsidized electric cars, the losers in President Obama’s America are at-risk kids languishing in under-performing schools in Washington, D.C. As part of his FY 2013 budget, President Obama eliminates funding for the D.C. Opportunity Scholarship Program...The program has been a stunning success. Heritage’s Lindsey Burke writes:

According to federally-mandated evaluations of the program, student achievement has increased, and graduation rates of voucher students have increased significantly. While graduation rates in D.C. Public Schools hover around 55 percent, students who used a voucher to attend private school had a 91 percent graduation rate.

How much does this kind of success cost? A mere $8,000 per student, compared to the estimated $18,000 spent per child by D.C. Public Schools.

"Get Out Of My Dreams..."

Billy Ocean, baby. Get out of my dreams...get into my car

Thanks to the Obamas and the left, the song they're singing is Get freedom of religion out of my Constitution...get into my kid's lunchbox

Really, you have to love replacing a nice turkey sandwich with 'healthier' chicken nuggets. This is the food police! Step away from the salad and eat your pepperoni pizza!

Obama's Funny Money

Happy days are here again...

Yessireebob, Obama's gonna cut $4 trillion in debt!

Eeeeeeee....aaaaaaaahhhhhh....

Hmmmmmmm.

Obama’s phony $4 trillion in deficit ‘reduction’

According to Barack Obama himself, the proposal would somehow “reduce” the deficit by $4 trillion. By every measure, however, there is simply no way to get there.

An even bigger whopper was tossed out by departing White House Budget Director Jack Lew, who on Meet the Press said, “The president’s budget has $1 of revenue for every $2.50 of spending cuts.”

The Office of Management and Budget’s (OMB) baseline for 2013-2022 says outlays will total $47.053 trillion. Obama’s proposed budget takes that to $46.959 trillion. Since spending actually increases every year under Obama’s proposal, the only cut is off of the baseline — and that’s just $94 billion of so-called “cuts”.

Meanwhile, OMB says revenues over the next ten years will total $38.391 trillion. Under Obama’s proposal, that goes up to $40.274 trillion — an increase of $1.883 trillion in taxes, mostly on job creators.

By our count, that’s about $20 of tax increases for every dollar of “cuts,” and those are not even real cuts to the actual budget...

So, how did Obama get to $4 trillion? By his own admission, he includes “the cuts that we’ve already made” under the so-called debt deal. But even then, what was supposedly $1 trillion of savings only cut actual spending in 2013, and then only by a paltry $62 billion. Every other year under the baseline, spending will increase, too.

Stylin'

Hard-News NYTimes Again Hails Michelle Obama, "Stylish, Risk-Taking" Fashion "Trendsetter"

For many promising young designers showing at New York Fashion Week, their most important potential client won’t be in the front rows at Lincoln Center, but perhaps at home in the White House. There is arguably no more powerful influence in American fashion today than the country’s stylish, risk-taking first lady.

Just sayin'...