Archive for the ‘General Motors’ Category

The Keystone Cop Obama Administration

October 3, 2012

There are so many contradictions, missteps, and outright errors occurring in the Obama administration that the infamous Keystone Cops are in danger of losing their place in American culture as the epitome of ineptness. Unfortunately, the Keystone Cops were fictional and the Obama administration is real.

One need only listen to Vice president Biden speak for more than two minutes to get a taste of the clown side of this administration. Biden’s latest gaffe, asserting that the middle class has been buried for the last four years, directly goes against Obama’s ‘blame-Bush’ message on the economy he claims to have saved. Biden inadvertently spoke the truth but will surely be taken to the woodshed because of it.

Listening to Obama’s press secretary, “Baghdad Bob” Jay Carney, rationalizing the irrational policies and actions of the administration has also been very clownish. One can almost feel sorry for Carney as he tries to spit in your ear and tell you it’s raining – almost. It usually just ends up being an insult to one’s intelligence.

Speaking of the economy, another comedy skit from this bumbling administration has Obama aide Stephanie Cutter denying they are blaming Bush while at the same time campaign adviser Robert Gibbs is blaming Bush. It seems it’s not only Biden who is confused.

The administration’s mishandling of the attacks in Libya are Keystone Cop antics displaying incompetence dangerous to our nation’s security. Furthermore, the ensuing cover-up proves that re-election is, and has been, the top priority for Obama. Admitting terrorism contradicts his boasting of beating terrorists; therefore, he blames a video.

One can only hope that at this time next year we will be repairing the damage and be able to look back with laughter at the punch lines from this administration, such as: “Solyndra green jobs”, “You can keep the coverage you have”, “Government Motors”, “You didn’t build that yourself”, “The private sector is doing fine”, “Post-racial era”, “Fast and Furious”, “Fair share”, and so many more.

If, however, this comedy show is renewed for another season, there will be little laughter and there will be little hope. We will have to resort to old Keystone Cop movies if we will want to laugh about incompetence, though they will seem like amateurs in comparison.

David J. Hentosh

Obama’s GM “Success” is Failing

September 11, 2012

President Obama told us in his convention acceptance speech that “…we reinvented a dying auto industry that’s back on the top of the world”. Along with many other nebulous claims meant to give the impression of success, this one stretches the facts and insults reality.

According to Forbes’ list of top car makers in 2012, the American car manufacturer, Ford, comes in fourth and Obama’s pet project, GM, sits in seventh place. This is not quite “on the top of the world” and the fact that Ford, which refused government bailout money, beat out GM makes the claim of “reinventing” the auto industry preposterous.

Obama should be embarrassed by GM’s falling stock, down 40% since emerging from bankruptcy, in no small part fueled by financial losses from the Chevy Volt, the “green” car championed by Obama. The government provides a $7500 tax break for buyers of the Volt in an effort to make Obama’s dream car successful. Failing to bolster sales with the tax break, the Department of Defense began purchasing them in its “greening” of the Pentagon effort. (Volt retail cost is $40K.)

One could consider this a continuing bailout of GM. The government is still down approximately $25 billion from the initial $80 billion bailout and the 500 million shares of down-sliding GM stock the government owns (taxpayers own) are far below the value needed to repay the bailout money. Some financial analysts are even predicting that GM is heading back into bankruptcy.

Obama’s bold claim of success with this fiasco and his “green” investments (such as Solyndra) indicates just how little he has accomplished. If this is the best he can boast about, a second term in office makes no sense. Voters need to take a serious look behind the curtain of accolades constructed by believers in the “One”. The “hope” is gone and “change” hasn’t been for the better.

David J. Hentosh