Obama Takes Full Credit For Automotive Bailout - But Knowing What You Know Now Would You Do It Again?

The man is quick to take credit whether deserving or not and quick to place blame with others for his mistakes or inactions. 2017 cannot come soon enough!

Agent009, and others on staff... please steer clear of politics, would ya? This is supposed to be a cool website (and it generally is...) for AUTOMOTIVE enthusiasts, and not for POLITICS. dunno what the demographic breakdown is, but when you constantly post stories ragging on Obama (who you dislike-- we get it!), you're likely alienating a large swath of car fans who don't necessarily like their auto news served up with a political agenda. there are plenty of other great sites that stick to CARS... ::rant over::

Obama is a fartbag. The car companies made it happen not his entitled butt.

Wonder if he will take credit for all the soon to be unemployed shale energy people?

Agree 100% with comments by qckshftr. Besides... Why shouldn't Obama take full credit? He proposed it. He pushed for it. And he signed it into law. What exactly is wrong with him taking credit for the program's success?? Don't talk to me about how he doesn't want to take the blame for other programs (i.e., that failed). This is supposed to be a CAR ENTHUSIAST'S website. Any reference to other programs (or politics) are outside the scope of this site.

This "success" cost American taxpayers 9.2 billion in losses. The treasury profited so... I guess I have a different view when it comes to what some call a successful program. GM products are still lagging... Chrysler has stepped up... GM still slashed jobs... All of this on the back of anyone that works for a living. As for the site... This is automotive related. I'd prefer this to justin biebers latest vinyl wrap mistake.

Whatever, I am certainly glad they are all still in business. We have few large scale manufacturing companies in the US, Boeing for airplanes and our car companies. They employ engineers in the US who develop the cars and maybe more important they develop and engineer the facilities to make them in. Some people (mostly free traders/lassiez faire fantasy believers) say it is no big deal to loose our domestic companies we have all these Japanese and some German manufacturers here. If we want to be a country that screws the cars together then there you go, we should have let them fail, if we are a country that wants engineering skills to build cars and to build these large production facilities and all that goes with it then you should be happy there was a president that believed that as well, at least for this decision.

The problem however is that Obama and the Democrats are very much anti-big business. Obama's economic policies are NOT focused on having a robust economy stemming from making businesses boom with lower taxes on their earnings and putting tariffs on the flood of Chinese products made by people who have stolen American jobs.

Obama's economic plan is all about putting people on welfare.

@MDarringer... suggesting that "Obama and the Democrats are very much anti-business" or that their economic plan is "all about putting people on welfare" is just spewing right-wing rhetoric... If you wanna do that, so be it, but a CAR SITE isn't the best forum for it-- go to Politico or some left- or right-leaning politics site and have a ball...

Liberals aren't any more anti-success / pro-welfare state than Republicans are cold and heartless... lots of rhetoric and mis-characterization on all sides, my good sir. Neither side "hates America" or "wants America to fail"... we just have different views on solutions to the many problems that face our country.

So... back to CARS... :-D

Umm, yeah - would I throw away millions of US workers or just let the business go elsewhere? Now let me think about this for a minute...

In the scheme of things 9.2 billion is a drop in the bucket compared what would have happened if the "Big three" were allowed to fail. Yes that includes Ford because the auto suppliers would have gone out as well. Further a lot of "foreign transplants" would have closed up shop as well. And think of all of those ancillary support businesses that would have been affected by all of those people out of work. This country would still be in a recession 8 years later today. Saving the auto industry was the right thing to do. Whether like or dislike Obama this has to really be his triumph of his presidency.