Image: Michael Ramirez/IBD
By the Left Coast Rebel
Dear Leader's teleprompter today instructed him to ignore the horrible jobs data and instead focus on how He "saved the auto industry".
Speaking in Toledo, Ohio, TOTUS, oops, I mean POTUS, patted Himself on the back for "standing by the auto industry" and for "investing in the future of the auto industry". Makes you feel great, doesn't it? We are so lucky to have such a fabulous Leader, a Man so brilliant that He can even transcend basic economic theory and centrally plan every facet of the American economy yet somehow not allow for the creation of jobs.
Strangely, there was no acknowledgment of the jobs report today by TOTUS. Or was that POTUS? Either way, oh well.
More at CNN Money, WSJ and the Toledo Blade.
RELATED Must Read: at Reaganite Republican, "Unlikely Chrysler Comeback Made Possible ONLY by Completely Ignoring Dear Leader's On-the-Spot Guidance"
James' post plays perfectly into Obama's Toledo, Ohio appearance today, here's a taste:
Obviously Obama could use anything that resembles an economic success story right about now, so he's been quick to build a Detroit "comeback" theme into the latest campaign spiel. But how ironic that while the President is busy co-opting others' success at Chrysler, Marchionne is rushing to distance the company from a foolhardy White House and (unpopular) bail-out's stigma. Although foreign owned, the new Chrysler is planning a IPO for 2012, and is now free -as Ford has been- to pursue market-based success as best they know how.Lots more at the link.
So as long as Barack Obama is trying bask in the glow of any Detroit renaissance, we need to hold his feet to the fire on the habitual dishonesty, mistakes, losses, cronyism, and corruption it took for him to get there, as well as the fact that the White House's harebrained product ideas had nothing to do with Chrysler's early return to profitability... rather, they had to resist and work around them.