General Motors & President Barack Obama

General Motors Company , commonly known as GM, formerly incorporated (until 2009) as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's largest automaker, by vehicle unit sales, in 2011. The Presidency of Barack Obama began at noon EST on January 20, 2009, when he became the 44th President of the United States. 5.0/5

General Motors President Barack Obama Paul Ryan Mitt Romney Supreme Court Affordable Care Act George W. Bush House Republicans Fair Pay Act David Axelrod Republican National Convention President Obama Bloomberg Businessweek White House Affordable Care President Barack

Today in History: In 2002, Britain's Queen Mother Elizabeth died at Royal Lodge, Windsor, outside London; she was 101 years old. Ten years ago: In a reversal, President George W. Bush agreed to let National Security Adviser Condoleezza Rice testify publicly and under oath before an independent panel investigating the 9/11 terrorist attacks. British-born American broadcaster Alistair Cooke died in New York at age 95. Five years ago: President Barack Obama asserted unprecedented government control over the auto industry, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. Federal food safety officials warned consumers to stop eating all foods containing pistachios while they figured out the source of a possible salmonella contamination. Gunmen attacked a police academy on the outskirts of Lahore, Pakistan, killing at least 12 people.
Porter noted how many workers were unaware that President Barack Obama had supported the bankruptcy filing. The role of many so-called “left” forces was to conceal the role of the Democratic Party in imposing the attack on the working class. ... “They control all levers of government” White added. “They facilitate the use of the bankruptcy laws against the working class. The Democratic Party since the late 60s and 70s has repudiated any connection with liberal reformism, and that’s bound up with the crisis of American capitalism itself. ... “We see the same line up of forces there as we do in this city,” Beams added. “The banks and major corporations give their orders, their flunkeys, the capitalist politicians carry them out, working in the closest collaboration with the unions to suppress any independent struggle by the workers.” ... “The Ruhr area is one of the poorest areas in Germany,” he added, “It was the industrial center of the postwar period. Like Detroit it was hit by ...
America crying out for rescue: Time to replace the white noise dominated by grandstanding politicians with the legal means to halt the Fundamental Transformation of America America’s cry for help lost in the White Noise Back in the salad days of President Barack Obama in the Oval Office, the first sign of the coming soft tyranny against We the People should have been the roughly 2000 car dealerships forced out of business by the anti-free enterprise cabal squatting on the White House. “It was Obama’s auto task force that pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded.” (The New York Times, July 18, 2010). This was the first visible social engineering adventure of the Obama regime and tens of thousands of jobs were lost as a result. Back then today’s low information voters were identified as ‘The Gullible’ or ‘ ...
WASHINGTON (AP) — Mary Jo White, President Barack Obama's nominee to lead the Securities and Exchange Commission, has represented an A-list of banks and corporations that could raise conflict-of-interest questions during her confirmation hearing. White's financial disclosure form was ma...
Reports from the special inspector general for the Troubled Asset Relief Program clearly show that top management earned every penny they have handed out to each other. The bank bailout law passed at the end of the George W. Bush administration guarantees financial backing to those that would convince the public that they where to big to fail. It was found that 68 out of 69 executives at Ally Financial, the American International Group and General Motors received annual compensation of $1 million or more. All but one of the top executives at the failed insurer A.I.G. — which required more than $180 billion in emergency taxpayer financing — received pay packages worth more than $2 million. And 16 top executives at the three firms earned combined pay of more than $100 million, most of which will not be taxed. Timothy Franz Geithner is thy American economist and central banker who served as the 75th United States Secretary of the Treasury, under President Barack Obama. He was the president of the Federal ...
Roughly 50,000 General Motors union workers will receive bonuses of between $5,500 and $7,000 to close out 2012, say sources familiar with internal discussions between United Auto Worker officials. In 2009, General Motors scored a $49.5 billion bailout from the U.S. government. Last week, the Treasury Department announced it will sell General Motors 200 million shares before 2013, reducing the government’s stake in GM from 26.5% to 19%. Over the next 15 months, the Treasury will sell its remaining GM holdings. But given that GM’s stock would need to be roughly double its current trading price for the government to break even, taxpayers are expected to lose between $10 and $12 billion on the GM bailout, BUT- In 2012, the United Auto Workers spent $11.8 million to help elect Democrats and President Barack Obama.
Even the most casual viewer of last week's Democratic National Convention would get the point: President Barack Obama saved the American auto industry. Massachusetts Gov. Deval Patrick called him the president "who saved the American auto industry from extinction." The former CEO of the supersized used car dealership CarMax, Austin Ligon, said the president's decisive action to restructure General Motors and Chrysler "helped prevent a domino effect that would have taken down everything in the auto industry, from the factories that manufactured auto parts to the dealers who sold the cars." And Michelle Obama talked about how her husband "fought to get the auto industry back on its feet."
President Barack Obama's campaign spokeswoman Jen Psaki was aware Treasury Department officials crafted the press releases and public messaging for General Motors during the 2009 auto industry bailout
Obama's help for GM and Chrysler could end up being what helps him win Ohio, White House Yahoo! News By Philip Elliott, The Associated Press | Associated Press – 4 hrs ago LORDSTOWN, Ohio - President Barack Obama's decision to help America's automakers could end up being what helps drive him back into the White House. Some 850,000 jobs in this critical battleground state are tied to autos and Obama's campaign constantly reminds voters they'd be jobless if not for the decision to inject taxpayer dollars into General Motors and Chrysler ... One in eight jobs in Ohio can be linked to the auto industry — whether it's working on a factory floor or selling groceries to plant workers. The presidential race's outcome could boil down to whether voters interpret Obama's move as saving Detroit or bailing it out. But like other flashpoints in this rough campaign, there is little middle ground between the versions of events and what it means for voters' neighbours. "I couldn't imagine what Lordstown would be," s ...
Clearing up misconceptions.. 1. Has President Barack Obama signed 900 executive orders, some of which create martial law? No. Obama’s executive orders do not create martial law. And so far he has signed 139 executive orders — not 900. 2. Are Obama’s early records “sealed”? No. Many records that presidential candidates don’t ordinarily release do remain confidential, but they are not “sealed” by a court. The 16 claims in a widely distributed graphic are mostly false or distorted. 3. Did the government buy 79 percent of all vehicles sold by General Motors in June? No, that viral rumor is false. All fleet customers combined — including rental car companies and state and local governments — accounted for less than one-third of GM’s June sales. 4. Does the Obama administration intend to “force gun control and a complete ban on all weapons for U.S. citizens” through a United Nations treaty? No. The administration plans to negotiate a treaty to regulate the international export and impo ...
Vice President Joe Biden went into last night’s debate with a heavy burden to revive the hopes and passion of the Democratic base, who were becoming dispirited after a listless performance by President Barack Obama at last week’s debate and the media onslaught and polls that followed. His mission was to aggressively expose the Romney/Ryan platform as full of falsehoods, and get out a series of key talking points: the “47 percent,” the saving of General Motors, the refusal of congressional Republicans to work with President Obama, and their slavish devotion to an extreme ideology on taxes, abortion, and Grover Norquist. Biden managed to get those points out, in one instance, during a single answer. Asked by the moderator, veteran ABC reporter Martha Raddatz, what the Obama administration would do to get unemployment under 6 percent, and when, the vice president reeled off an exhaustive (and exhausting) bill of particulars: … I don’t know how long it will take. We can and we will get it under 6 ...
congressman Ryan lies: Vice-presidential nominee Rep. Paul Ryan (R-Wis.) backpedaled Monday from a claim in his Republican National Convention speech that President Barack Obama was responsible for the closure of a General Motors plant that in fact closed during the presidency of George W. Bush.
This ignorant *** can kiss my *** as well! Geithner sold them out the first time! Why use OUR $? Ohio Democratic Sen. Sherrod Brown will introduce new legislation on Thursday, his spokeswoman told The Daily Caller, that would use taxpayer money to top up the pension plans of the 20,000 non-union Delphi salaried retirees that President Barack Obama's administration terminated during the 2009 auto bailout. According to a "discussion draft" of the legislation, Brown's measure would also give full control of the pension plans to Treasury Secretary Timothy Geithner. The draft legislation, obtained by The Daily Caller, shows that Brown would use taxpayer money --- and more Obama administration control --- to fix the problem that was created by the Obama administration's control and decisions during the government auto bailout. The draft shows that Brown would angle to obtain the funding necessary by selling taxpayer shares of General Motors stock at a loss. The stock is currently trading at around $23, an ...
Today’s Obama FIB comes from the Columbus Dispatch editorial printed Sunday September 9, 2012. Only Obama math can make 88,600 = 850,000 Over-inflated Obama campaign isn’t painting true picture of auto bailout in Ohio President Barack Obama and his supporters have made the $82 billion bail-out of General Motors and Chrysler a centerpiece of his re-election campaign. But there are a few things wrong with the picture they paint. First, the number of jobs they claim to have saved in Ohio is inflated. They cite 850,000 Ohio auto-industry jobs protected by the bailout; these numbers include everything from car dealerships to auto-parts retailers to workers for companies such as Honda and Ford, which were not bailed out. Obama can’t claim credit for saving every auto-manufacturing job in Ohio. In December 2008 — just before Obama took office, auto manufacturers and auto-parts makers employed 88,600 workers in Ohio, according to the U.S. Bureau of Labor Statistics. That number dropped to 73,500 in Janua ...
Paul Ryan's trouble with the facts isn't over. At the Republican National Convention last week, Ryan blamed President Barack Obama for shuttering a General Motors factory, when in fact the plant had closed before his term. That was one of several untruths that pro …
Biden: Obama leadership saved auto plants Today in Ohio Vice President Joe Biden has drawn attention to the Obama Administration's rescue of the auto industry, thus criticizing the GOP presidential candidate Mitt Romney who opposed the federal bailout of General Motors and Chrysler. Accordingly, he referenced Romney running mate Paul Ryan for saying that President Barack Obama failed to help an auto plant in Ryan's Wisconsin hometown. Biden continued to say Ryan failed to say that the plant in Janesville, Wisconsin, closed well before President Obama took office. Also, other accounts from other sources support Biden’s contentions. This would make Paul Ryan a bonfire deceptive and dishonest person. How can anyone really trust them? However, Biden was speaking approximately two miles north of the sprawling GM plant in Lordstown, Ohio, has given emphasize the importance of the auto bailout to the state, which is a critical political battleground. Consequently, The Republican National Committee says in resp ...
Despite the solid Republican opposition to President Barack Obama since 2009, the president has several achievements that clearly warrant his re-election, including Mitt's right wing radical VP pick Paul Ryan... Most importantly, he signed into law the Affordable Care Act (a goal of his predecessors), recently upheld by the U.S. Supreme Court. This law expands medical coverage to millions of Amer - icans, and offers new protections for women and children. A growing number of citizens are pleased with its provisions, yet House Republicans have voted to repeal it. One of his first acts was signing the Lilly Ledbetter Fair Pay Act in 2009, which clarifies the laws against pay discrimination based on race, gender, religion, age, disability and national origin. This set the tone for the president’s commitment to expand and protect the rights of women. The president’s auto bailout saved the American auto industry and the millions of jobs depending on it throughout the country. General Motors and Chrysler ha ...
Paul Ryan Got Federal Funds To Help With Bush-Era GM Plant Closure He Blames On Obama GOP vice presidential candidate Paul Ryan took a swipe at President Barack Obama on Thursday for failing to rescue a General Motors factory in his Wisconsin congressional district, calling it "one more broken promise" on the Democratic administration's record. The attack has already received a fair amount of ridicule because the Janesville, Wis., plant actually closed during the last year of George W. Bush's presidency. What hasn't really been emphasized is whether Ryan clearly knew this and made the charge nonetheless.
President Barack Obama said Thursday he's asked the World Trade Organization to force the Chinese to stop imposing roughly $3 billion in tariffs on auto exports to the country, saying it unfairly hurts American automakers like General Motors.
Thursday's Supreme Court ruling upholding President Barack Obama's signature legislation health care legislation effectively cements the cornerstone of his political legacy, observers said."This would be in the first paragraph of Barack Obama's summation of his presidency,""I think President Obama is now in very good stead to say, 'I passed the Affordable Care Act, I got Osama bin Laden, and I saved General Motors," said Brinkley, referring also to the raid that killed the al Qaeda leader and Obama's backing of the automobile industry bailout. "He has three real historic accomplishments."
Republican Mitt Romney believes President Barack Obama is holding on to the government's stake in General Motors to avoid an embarrassing financial loss before the election, and says he'd sell the stock quickly if he wins the White House.
The Obama campaign is attacking Mitt Romney for his successful tenure at Bain Capitol. The campaign attacks Bain and Romney by stating that Bain cause thousands of Americans to lose their jobs. Totally ignoreing the hundreds of thousands of jobs Bain Capitol created, or saved, under Romney leadership. Ironically, President Barack Obama, who had absolutely no business management or leadership experience prior to entering politics, caused the loss of thousands of jobs when he forced the closings of hundreds of General Motors auto dealerships. He did not even give them a chance to succeed. Ever wonder why you can't buy a new Pontiac Firebird anymore? Why can't you get your car fixed at a Pontiac Dealership anymore? Because after Obama turned "General Motors" into "Government Motors", he insisted that dealerships be closed. VALUABLE WORKERS WERE THROWEN TO THE STREETS! The Obama campaign is hoping you did not pay attention to this. The main stream media isn't reporting the truth on this subject. But t ...
Bye-Bye Capitalism By Robert Kiyosaki Many fear that a second-term win by President Barack Obama will signal the end of capitalism. Newsflash: Capitalism has been dead for years. Capitalism did not survive World War I, when that war destroyed the classic gold standard upon which capitalism was built. Once the gold standard became history, governments took over the economies of the world…and capitalism died. By definition, capitalism is an economic system in which the private sector drives production via capital accumulation. In true capitalist societies, the government plays a very limited role. Today, the U.S. government represents over 25% of the economy, and has not only bailed out General Motors, but financed a variety of dubious ventures. During World War I, capitalism was replaced by credit-ism, which means the war was paid for by the creation of unprecedented levels of government debt. All that credit caused the bubble known as the Roaring Twenties. The Great Depression was the result of debt tha ...
President Barack Obama's re-election organization is spending a lot of time attacking Mitt Romney over his careers in venture capital (investing in start-ups) and private equity (investing in troubled or failing businesses). To reporters at Bloomberg Businessweek, Obama senior campaign adviser David Axelrod recently ripped Mr. Romney for "leveraging companies with debt, bankrupting companies and making money off of those bankruptcies . . . [that] cost jobs and certainly wages and benefits." And an Obama campaign briefing paper says "Romney closed over a thousand plants, stores and offices . . . cut employee wages, benefits and pensions . . . laid off American workers and outsourced their jobs to other countries." The president is guilty of the same alleged sins. The Obama administration, after all, forced General Motors and Chrysler into Chapter 11 bankruptcy in 2009 and then capriciously ordered thousands of local dealerships closed. The auto industry bailout cost lots of Americans their jobs. GM employe ...
Breaking from Newsmax.comGM Chairman Akerson to Newsmax: Obama Played Key Role in Bailout SuccessGeneral Motors Chairman Daniel Akerson tells Newsmax that both President Barack Obama and former President George W. Bush should share credit for the successful bailout of the auto industry.Akerson also flatly denies allegations that the federal government — which still owns nearly 30 percent of General Motors stock...
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