Auto Bailouts: Another Failed Obama Initiative

The so-called auto industry bailouts were supposed to help keep American automakers afloat. After news broke on Tuesday that U.S. auto sales hit a 28-year low, one would think that the United Auto Workers (UAW) would be pitching a royal sh!t fit over what the Obama Administration considered the grand solution to keeping them in operations. Now, it looks like Detroit will most likely collapse due to the lack of sales.

So, will the UAW continue standing behind their man, Obama? Of course, they are sympathetic to the President, and they believe that Congress needs to pass another bailout to keep them in business.

United Auto Workers President Bob King said Congress needs to pass a stimulus package that creates jobs and bolsters consumer confidence.

Auto sales “are not going as well as they should,” King told reporters Aug. 27 in Wayne, Michigan. “Consumers are not going to buy vehicles if they don’t have jobs or aren’t confident in their job.”

However, what does the Obama Administration think of them? According to the author of an upcoming book, Overkill (which for the full disclosure, I look forward to purchasing and reading), Steven Rattner, who was appointed by President Obama to be the “Car Czar” dishes out revelations that a top White House official (Chief of Staff, Rahm Emanuel) disparaged the unions, especially calling out the UAW by saying a derogatory statement. As I say to the UAW, it’s time for the sh!t fit to begin.

Is Obama going to consider yet another bailout to help them survive or let them eat cake to help his party retain control of Congress? Another bailout for a failing business would make the taxpayers irate, and if Congress considers this move, they will be voted out of office. So, Obama might tell his ardent supporters from the UAW to eat cake on this one.