Friday, July 22, 2011
Thursday, July 21, 2011
Remember when President Barack Obama visited a Chrysler plant in Toledo, Ohio, on June 3 to discuss the recent announcement that the Chrysler Group LLC repaid $5.1 billion in outstanding loans? That brought the total repayment, as of May 24, to $10.6 billion — about $1.9 billion less than the $12.5 billion the company borrowed under the Troubled Asset Relief Program, or TARP.
In his speech, the president said:Obama, June 3: "And today, I’m proud to announce the government has been completely repaid for the investments we made under my watch by Chrysler because of the outstanding work that you guys did. Because of you. Chrysler has repaid every dime and more of what it owes the American taxpayer from the investment we made during my watch. And by the way, you guys repaid it six years ahead of schedule."
Wednesday, July 20, 2011
The video is here - the Blame Game starts at about the 6:27 mark. The transcript of the question and the president's answer follows (key portion underlined):
Revish: "There's still a lot of frustration from people continuing to wait for that change that you promised, they don't feel better off now than they were 3 years ago. How do you convince them we're headed in the right direction?"
Obama: "Well, look there's no doubt that we've gone through the toughest economic situation that we've seen since the Great Depression. I think the vast majority of people understand that this is something that we inherited and that when I came into office we'd already lost 4 million jobs and the few months after I got sworn in we lost another 4 million. We've created 2 million jobs, over 2 million jobs in the private sector over the last 15 months, the problem is that we got in such a big hole right at the start there in 2009 and we're still digging our way back. But what I think the American people want to know is there's a game plan for the future and what we've said is, if we're getting our fiscal house in order, if we're investing in the infrastructure of the future, not just roads and bridges but also broadband lines and a smart grid that makes sure that we don't waste energy, if we're developing a clean-energy and alternative energy future for ourselves so that we're not dependent on foreign oil, if we're making sure that every one of our kids is the best educated in the world so that they can compete in this new world economy, if we take those basic steps, I'm absolutely confident that America's going to not just bounce back but we'll be stronger than ever, what people want to know is that we're moving in the right direction even if they're frustrated with how fast we're moving, we need to speed it up but I think the trajectory's a good one."
So did you get all that? Whatever hasn't gone right isn't his fault. Apparently, the buck doesn't stop with him...
Monday, July 18, 2011
(The audio can be heard here...)
"You bet and until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, God, don't be attacking Obama. Well, this is Obama's deal and it's Obama that's responsible for this fear in America."
"The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don't invest, their holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government and there's no need soft peddling it, it's the truth. It is the truth. And that's true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs."