Fox Toledo 36 Video:
<p style="width:320px">Obama to visit Toledo next week: foxtoledo.com</p>
Fox Toledo 36 Video:
Comments ... #
I wonder if he will have a pint of Guinness with Joe The Plumber.
I think your mixed up. Joe the plummber was laying pipe with Sarah Palin!
How is Joe's $250,000 per year plumbing business going?
I think he is coming to town to announce that Chrysler is pretty much owned by FIAT now and that any profit will be going overseas.
Well yay and yahoo for Chrysler...well, Fiat. How 'bout that other car company...:
Even the Obama administration is now admitting that taxpayers will lose at least $14 billion on the auto bailout. And that was before GM stock dropped almost 10% over the last two days.
Since this visit is part of his 2012 campaign stop, at what point if any does a sitting president reimburse the city for police expenses?
From the Washington Post regarding the big "Chrysler Toledo" speech:
"[Obama's claims are] one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan."
"Under the president’s math, Chrysler paid back 100 percent of Obama’s loan and less than 70 percent of Bush’s loan...[a] more honest presentation would combine the two figures to say U.S. taxpayers got back 90 percent of what they invested. In fact, that is how the Treasury and other administration officials frequently portray it; it is just when Obama speaks that the numbers get so squishy,"
Regarding the last paragraph: why get "squishy". Is a "glittering soundbite" worth it when others will fact check? 90% payback sounds good to me. I don't get the president's "advisors" or speechwriters on this one.
Does any media outlet do any fact checking of anything Obama says?
No they don't especially on the Auto deals...
“All three American automakers are now adding shifts and creating jobs at the strongest rate since the 1990s.”
Yen Chen, automotive business statistical analyst at the Center for Automotive Research, says CAR's analysis of Big Three auto data shows this statistic is correct. The Detroit Three are expected to add 10,000 hourly and 5,000 salaried workers this year, from a base of 115,805 hourly workers and 56, 432 salaried workers. That's an increase of about eight percent in each case. More than 16,000 hourly workers were added in 1991, but from a much higher base--440,000-- and 10,000 were also added in 1995, when there were 433,000 hourly workers. Meanwhile, salaried workers have been on a steady decline since 1990 (when the big Three employed 157,000).
“GM plans to hire back all of the workers they had to lay off during the recession.”
Obama is only talking about a sliver of workers — the 9,600 workers who were laid off in the fourth quarter of 2008. About 4,100 were sent home for a few weeks. Another 5,500 were put on indefinite leave, meaning there were no jobs at the time for them. All but 1,000 have returned to work, and the rest should be back at work by year’s end, according to GM spokesman Greg A. Martin.