Dems, Obama campaign hail GM, Chrysler profits

Source: Detroit News

Last Updated: May 05. 2011 6:17PM
Dems, Obama campaign hail GM, Chrysler profits
David Shepardson / / Detroit News Washington Bureau


Washington - The Michigan Democratic Party and President Barack Obama's reelection campaign each hailed the financial results of General Motors Co. and Chrysler Group LLC Thursday.

Many Republicans have been harshly critical of the $85 billion auto bailouts that were begun by President George W. Bush in December 2008, who agreed to a $25 billion bailout of the automakers and their finance arms. Obama boosted the tally by nearly $60 billion and put GM and Chrysler through government-sponsored restructuring in bankruptcy in 2009.

"President Obama carefully weighed the options and risks of providing loan packages to General Motors and Chrysler," Michigan Democratic Party chair Mark Brewer said. But in the face of calls from Republicans and pundits to sit back and let the American auto companies go bankrupt, President Obama stepped in to ensure that Chrysler and General Motors not only survived, but that they were streamlined for profits. And, today the President's decision is paying off."

Jeremy Bird, national field director for Obama for America — the president's relection campaign — sent an email titled "Saving the American auto industry."

Read more: http://detnews.com/article/20110505/AUTO01/105050479/Dems--Obama-campaign-hail-GM--Chrysler-profits#ixzz1LXLnWse5

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Message to Senators Shelby and Corker: Go fuck yourselves!

Damn. I feel better already.

yeah rich people.

With success like these, who needs failures?