Posted at 12:00 PM ET, 06/07/2011
President Obama’s phony accounting on the auto industry bailout
By Glenn Kessler
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It will be up to historians to decide what the best solution would have been for taxpayers and the auto industry. We can understand why the president wants to portray himself as making a lonely and tough decision. But the debate was not either/or, bur rather what was the best policy to bring the automakers back to financial health.
The Pinocchio Test
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
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Robbing the bondholders to enrich the labor unions.
Hard to see how this was a “best solution”?
Every politician and bureaucrat, who had a hand in it, should be in jail!
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Reinke Faces Life 