79 % of GM’s sales last month was government purchased, during 2012 Remember how Obama keeps telling us how he saved GM, and how our economy is getting better, it seems the car company he bought is being saved by Govt employees using our tax money to buy new cars. GM’s sales figures for last month were the best since 2008 , up 16% for the month of June.
Well, wait just a minute. It seems that those rosy sales figures are due primarily to a 79% increase in fleet sales to the U.S. government in June.
That’s right. Our tax dollars are being used to pump up GM’s sales figures ahead of next month’s quarterly report so that our Dear Leader can point to "Government Motors" as a huge success. The incestuous relationship between GM, the UAW and the Regime has never been more glaringly apparent.
CHARLOTTE, N.C. — In a rousing double-header, Democratic delegates heard Barack Obama and Joe Biden both accept renomination on their convention’s final night. And we heard some facts being spun.
President Obama boasted that his plan would cut the deficit by $4 trillion over 10 years, citing “independent experts.” But one such analyst called a key element of the plan a “gimmick.”
Vice President Biden quoted GOP presidential nominee Mitt Romney as saying “it’s not worth moving heaven and earth” to catch Osama bin Laden. Actually, Romney said he’d target more than just “one person.”
The president said U.S. automakers are “back on top of the world.” Nope. GM has slipped back to No. 2 and is headed for third place in global sales this year, behind Toyota and Volkswagen.
Biden said “the experts” concluded Romney’s corporate tax plan would create 800,000 jobs in other countries. One expert said that. She also said the number depends on the details, and foreign jobs could grow without costing U.S. jobs.
Obama quoted Romney as saying it was “tragic” to “end the war in Iraq.” What Romney was criticizing was the pace of Obama’s troop withdrawal, not ending a war.
Biden claimed Romney “believes it’s OK to raise taxes on middle classes by $2,000.” Romney actually promises to lower middle-class taxes.
Biden said Romney and running mate Paul Ryan “are not for preserving Medicare at all.” Actually, the plan they endorse would offer traditional Medicare as one option among many.
Obama said his tax plan would restore “the same rate we had when Bill Clinton was president” for upper-income taxpayers. Not quite. New taxes to finance the health care law also kick in next year, further burdening those same taxpayers.
Submitted by: Donald Hank FACT CHECK: Obama and the phantom peace dividend Sep 6, 11:35 PM (ET) By TOM RAUM and CALVIN WOODWARD
WASHINGTON (AP) - President Barack Obama laid claim to a peace dividend that doesn't exist when he told the nation he wants to use money saved by ending wars to build highways, schools and bridges. The wars were largely financed by borrowing, so there is no ready pile of cash to be diverted to anything else. The claim was one of several by Obama in his acceptance speech Thursday at the Democratic National Convention in Charlotte, N.C., and by Vice President Joe Biden in earlier remarks that did not match the facts. A look at some of their assertions: OBAMA: "I'll use the money we're no longer spending on war to pay down our debt and put more people back to work - rebuilding roads and bridges, schools and runways. After two wars that have cost us thousands of lives and over a trillion dollars, it's time to do some nation-building right here at home."
Submitted by: Doris Parker When Damascus falls will it become a threat then to Israel's gas fields? Would Assad, when he finally comes to the realization, that he and his regime has reached it's end, I don't think he will take it lightly and neither will Tehran. Iran has been backing him and suppling Syria with weapons and man power to defeat Israel for some time. Will Iran decide to do something to the Tamar gas field in the Mediterranean, because, if they do that, it just might be the closure of the Strait of Hormuz. If one thinks oil is high right now then what about no oil coming through from that area?
Even President Obama’s Main Stream Media cheerleaderswere disappointed by the August job data released Friday. (Weak jobs report delivers blow to Obama, by Tom Raum, AP, September 7, 2012) The Payroll Survey total limped up by only 96,000 over the month, well below the 125,000 gain expected by Wall Street economists. The unemployment rate fell to 8.1% from 8.3%, as nearly 400,000 workers simply gave up their job search and exited the labor force. At 63.5%, the labor force participation rate is the lowest it’s been since September 1981. Not since Reagan inherited Jimmy Carter’s mess hasconfidence been this low. And that’s the good news. The bad news: the relentless displacement of American workers by immigrants that has continued throughout the Obama years.