Government Motors: Some animals are more equal than others

The lie:

President Obama made the tough and politically unpopular decision to extend emergency rescue loans to the American auto industry, saving more than 1 million jobs and preventing the loss of over $96 billion in personal income—and the collapse of manufacturing in the Midwest. GM and Chrysler were required to cut labor costs and overhaul their business models in exchange for emergency loans, guaranteeing their accountability to taxpayers—and both repaid their outstanding loans years ahead of schedule.

The truth:

Heritage: Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation

Forbes: American Airlines Shows The Corruption Of Obama’s GM Bailout

Washington Examiner: Obama did not save Detroit

Investors Business Daily: The True Costs of the GM/UAW Bailout

Fox News: What the GM bailout really cost American taxpayers

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