Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Scuba

(53,475 posts)
Wed Feb 29, 2012, 11:01 AM Feb 2012

Obama takes a victory lap on the auto bailout

http://www.nationalmemo.com/article/obama-takes-victory-lap-auto-bailout


Includes a 4-minute video clip I haven't seen elsewhere.




Mocking the Republicans across the country who derided the rescue as propping up a broken industry weighed down by excessive labor costs, Obama told the crowd -- which repeatedly broke out into chants of "Four more years!" -- he had placed a bet on American workers and that they were delivering, General Motors having posted its largest profits in history last year.

"It's been funny to watch some of these politicians completely rewrite history now that you're back on your feet," Obama said. "These are the folks who said if we went forward with our plan to rescue Detroit, 'You can kiss the American automotive industry goodbye.'" That line is a quote from Mitt Romney's 2008 op-ed in The New York Times, which Obama repeatedly referred to without mentioning the candidate by name.

"Now they're saying they were right all along," he added of bailout foes. "Or worse, they're saying that the problem is that you, the workers, made out like bandits in all of this; that saving the American auto industry was just about paying back unions. Really? Even by the standards of this town, that's a load of you-know-what."

...

"You want to talk about values? Hard work -- that's a value. Looking out for one another -- that's a value. The idea that we're all in it together -- that I am my brother's keeper; I am my sister's keeper -- that is a value. But they're still talking about you as if you're some greedy special interest that needs to be beaten. Since when are hardworking men and women special interests? Since when is the idea that we look out for each other a bad thing? To borrow a line from our old friend Ted Kennedy: What is it about working men and women they find so offensive?"

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Obama takes a victory lap on the auto bailout (Original Post) Scuba Feb 2012 OP
This is going to be an awesome election year! JNelson6563 Feb 2012 #1
What is it about working men and women they find so offensive?" liberal N proud Feb 2012 #2
"That's a load of you know what"... too bad he couldn't say what he meant but he did monmouth Feb 2012 #3
Ask those of us who owned GM stock at the time how the bailout went. SlimJimmy Feb 2012 #4

JNelson6563

(28,151 posts)
1. This is going to be an awesome election year!
Wed Feb 29, 2012, 11:03 AM
Feb 2012

The differences between the two parties will be so glaring, perhaps even idiots like Nader will begin to see that yes, there is a difference. A big difference.

Julie

monmouth

(21,078 posts)
3. "That's a load of you know what"... too bad he couldn't say what he meant but he did
Wed Feb 29, 2012, 11:20 AM
Feb 2012

enjoy saying that anyway. POTUS had a good time yesterday and so did his audience.

SlimJimmy

(3,185 posts)
4. Ask those of us who owned GM stock at the time how the bailout went.
Wed Feb 29, 2012, 03:52 PM
Feb 2012

I ended up with pennies on the dollar for my stock. I'm not exactly in the mood yet to take a victory lap.

... they're saying that the problem is that you, the workers, made out like bandits in all of this; that saving the American auto industry was just about paying back unions. Really?
Latest Discussions»General Discussion»Obama takes a victory lap...