View Full Version : ...Obama is a Disaster...

05-24-2011, 07:09 PM
Last week, USA Today stated that 485,000 workers had been terminated from the auto industry while only 67,000 had been rehired with the $85 Billion bailout from the government.

Some pundits and lots of the media are pointing to the fact that manufacturing is hiring again. Those media and pundits are feeding us more junk. They are looking at one little fact and ignoring the elephant in the room. The elephant is that the most successful of the auto makers is Ford who did not terminate many employees and did not take the bailout. Instead, Ford renegotiated union contracts and replaced many union workers with non-union employees. At $85 Billion for 67,000 rehires, that is more than $ 1 million per rehire for the auto bailouts at GM and Chrysler. More than $1 million per rehired worker is a horrible return on investment!

Other manufacturers like Boeing are being forced by the government to hire union employees, so many are moving even more manufacturing out of the USA.

And the costs for Obamas programs continue to rise.

The CBOs latest estimate is that Obamacare will cost Americans an additional $2.4 trillion over the next 10 years in hidden taxes and added healthcare costs. The only winners of Obamacare are the insurance companies and the government.

Politico reported today that the recovery from this recession is the slowest pace of any recovery since 1932 and that unemployment will remain high for at least the next 3 years. Even Obama is now saying that the unemployment problem will last much longer than anticipated. Polico points out that this administration has increased government spending at the twice the rate of any previous government in the history of the USA. Obama increased the deficit 10 times more than at any time previous to him.