John Bolton

John Bolton

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Wednesday, June 08, 2011

Obama Lied About Auto Bailouts and Almost No One Cares

But Sarah Palin got the history of Paul Revere RIGHT and the media still went bonkers!

We discussed below how the "news" media went nuts when they thought they caught Sarah Palin screwing up the history of Paul Revere's midnight ride. Turns out she was right and the people who were calling her an idiot look like idiots themselves.

Even if Palin had got the history wrong, it would have been an unimportant story of no account. But when President Obama makes statements that are clearly untrue, you hardly hear a whimper in the press.

Here's an example: One of the few places the following story was reported was the Washington Post.
"Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency.”
— President Obama, June 4, 2011
What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.
Through [] sleight-of-hand accounting, the White House can conveniently ignore Bush’s loan, but even the Treasury Department admits that U.S. taxpayers will not recoup about $1.3 billion of the entire $12.5 billion investment when all is said and done.
The president is straining too hard. If the auto industry bailout is really a success, there should be no need to resort to trumped-up rhetoric and phony accounting to make your case. Let the facts speak for themselves.

Three Pinocchios

(About our rating scale)
If there was any balance in the "news" media they would be shouting "liar, liar pants on fire" at Obama. But instead they are too busy distorting history and trying to make Sarah Palin look like an idiot!

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