We have heard the claims over and over again from the Obama campaign; the President “saved” General Motors and Mitt Romney said “let Detroit go bankrupt.” The clear implication is that GM never went through the bankruptcy process that Romney suggested. Here’s news for voters who didn’t pay attention to how, exactly, Obama “saved” GM; $50 billion dollars of taxpayer money was given to GM to get them through a manipulated bankruptcy process. Replacing the word bankrupted with saved does not change the facts. And the fact is, GM DID go bankrupt.
The media has not questioned the clearest example of misrepresentation of facts by one of the presidential candidates. This one is not debatable, the court dockets exist. Not only did GM go bankrupt, but the Obama Administration used taxpayer money to manipulate the bankruptcy process and assure that political friends in the UAW received favorable treatment compared to … Read More ➡