The Volt is hardly a "big success"
Last week, Obama bragged about someday, five years from now, he "just might buy" a Chevy Volt. Five days later, as humorous as it might sound, GM announced that it was suspending production of this latest Green failure and has laid off 1,300 workers. If his stimulus plans were actually working, would this have ever happened?
25,000 auto workers lose their pensions
Obama and Company have announced a discontinuation of health benefits and a 70% reduction in the pension plans for non-union Delphi auto workers effecting 25,000. If his economic "plans" were working, would this have happening?
AIG bailout will cost another 2.8 billion
Obama's economic recovery "plans," bailed out AIG a couple of years ago. This has failed so miserably, that the Feds have been forced to sell 200 million shares valued at 43 dollars each for a low of 29 dollars per share, representing a loss to the American taxpayer of 2.8 billion.
Cash for Clunkers - a loss of 2 billion
Remember his "cash for clunkers," campaign? It ran 2 billion over budget and did not stimulate the auto market a single percentage point.
Only 47,500 workers are left at GM and,
GM is going off-shore with its manufacturing
In an idiot's report on the GM bailout, a writer for the WSJ made the claim (Nov of 2010) that 1.4 million jobs were saved with the policies of B Obama. Such is a preposterous lie. We now know that the total employment of GM auto workers is 47,500. Before Obama's forced bankruptcy, the auto manufacturer employed 90,000. The Economic Populist gives the reader a small glimpse of the dire state of affairs related to the auto giant in a 2009 report in which GM and Administration is pictured as working for off-shore manufacturing of GM autos and auto parts. While it is not Obama's "fault" that GM lost so many jobs, it is Obama's responsibility to tell the American people the truth, and "truth" is something that this man cannot handle.
Chrysler is no longer an American owned company
If his stimulus policies had "saved or created" anything of concrete value, why was Chrysler sold to Fiat at a loss to the American taxpayer of 1.5 billion dollars.?
GM shares are down 3.58 billion from its IPO
GM's IPO (November of 2010) sold 478 million shares for 33 per share. These shares are not selling for 25.5 each, as of yesterday, at a loss (if sold today) of 3.58 billion dollars. Investment history is the best gauge of "consumer confidence" available to the onlooker and analyst. As it turns out, after nearly a year and a half, investor confidence is down. As things stand at the moment, this is not a serious problem, but, if shareholders decided to get out of their initial investments in GM and began selling off their shares, this could spell disaster for the troubled auto company. If things were anywhere near as "healthy" as the Obama Administration claims for GM, the current price would be far above the IPO price. It is not and, if anything, the price has fallen off a bit over the past four weeks. 
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