Emails: Jen Psaki knew Treasury edited GM press releases ....

TheDC obtained these internal Treasury Department documents in 2011 but an agreement with the source prevented their publication until now. The inclusion of Psaki, Deese and Brundage in these communications is reported here for the first time. (RELATED: Private emails detail Obama admin involvement in cutting non-union worker pensions post-GM bailout)

Psaki has since returned to Obama’s political campaign as his traveling press secretary.

'Highly confidential' internal Treasury documents show Obama administration's deep involvement in Delphi pension scandal .....

They seem to "Bombshell" hourly these days....can you imagine 4 more years of this...?

Internal Treasury Department documents described as “highly confidential” and obtained by The Daily Caller show a greater level of involvement in the Delphi pension scandal from senior officials in the Obama administration than has been previously acknowledged.

Let Detroit Go Bankrupt? It Already Has....

America’s most dangerous city hasn’t been governed by a Republican for a half century. Yet, on November 6, the city’s residents will again take out their anger on a Republican—this time one of the city’s sons—at the polls. The worse the performance of Detroit’s hard-left officeholders paradoxically means the greater the punishment for the party that opposes them. When the largest employer in a city is the city itself, urging the cut backs necessary to attract employers is seen as an attack on employment.

Let Detroit Go Bankrupt ....The TRUTH about what Romney wanted.....

As usual - Obama LIED about the Auto Bailout and Mitt's approach. Let's spread the word and insure everyone knows the truth!
"President Obama's attack, during the final debate, on Mitt Romney's critique of the auto industry bailout was 100% false, i.e., a bald-faced lie.
When Romney said, during the debate, that in 2008 he favored a managed bankruptcy for Detroit's auto makers, with federal guarantees for post-bankruptcy financing, Obama directly claimed this was a falsehood, repeatedly saying, "Check the record." 

Here is the "Record"....

 IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

No One Buys Chevy Volts, Workers Play Cards at Stimulus Backed Plant.......

More Stimulus success...?!..... just ANOTHER "Loser" to add to the list.....

However, the Holland plant's performance hasn't lived up to the performance promised by President Obama on that windy Michigan day more than two years ago.


An investigative report by WOOD TV in Holland, Michigan revealed on Thursday that workers at the LG Chem plant haven't shipped a single battery yet because there's no demand. People just aren't buying Chevy Volts. Because they have no work to do at the plant, many of them are playing cards on the job:

Electric Car Batteries Going Nowhere.....

Another green-energy-related company built on government subsidies is having trouble keeping its head above water.

This time, the scandal surrounds Chemical Power, a subsidiary of LG Chem. In 2010, the Obama Administration proudly gave Chemical Power a $150 million grant to build a vehicle battery manufacturing facility in Michigan. These batteries were to be used in two plug-in electric vehicles, the Chevy Volt and the Ford Focus.

How The GM Bailout Turned Into Foreign Aid.......

Mr.President....you pick Losers....period....dot.
As a Small Business owner...I know what it's like 24 hours a day to worry about staying afloat. Money is the number one concern...thought as you go to bed and the second you wake up....because....
It's up to US to keep it flowing....nobody else.
It must be nice to pick a Company you "like"...turn on the ATM machine ( Taxpayer funds ) and expect them to run efficiently when there is no market and no incentive. 

Before the bailout of General Motors, it was well understood that the world’s largest automaker was losing huge amounts of money in the US and was staying afloat thanks to stronger performance in overseas markets. Since the bailout, however, that dynamic has been turned on its head. Thanks to a leaner manufacturing footprint, debt eliminations and steadily recovering sales, GM’s US operations have generated the lion’s share of the company’s profit since the bailout. And now, as the rest of the world economy slows, GM is spending more and more of its taxpayer-enhanced cash pile to shore up its faltering foreign divisions. In fact, according to an analysis of GM’s SEC filings, the company is likely to incur over $6.5 billion in losses and expenditures overseas in the 2011-2014 period, not counting over $1.6b in foreign potential legal liabilities or several other incalculable expenses that could add up to billions more.

Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion.......

 President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system."

According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.

Troubling Auto-Rescue Plunder (TARP)...

The car companies brag that they "paid back" their loans. Sure, the "loans" were $413 million of the total $80 billion. They got $80B; they have never paid back $37B of that; and we never expect to see $20B of that. I will gladly pay the federal government $1M if it gives me $50M in the first place!

Obama By The Numbers - GOP

Good Lord.........

Obama By The Numbers

U.S. Treasury Turns Down GM’s Offer to Buy Back Shares .....

Truth hurts when it sees the light of day.....

General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent.

But Treasury officials aren’t interested in selling because it would mean posting a multibillion dollar loss during an election year, the Wall Street Journal reports.

The Chevy Volt: Another Obama Green Investment Loses a Billion ..........

The Chevy Volt costs close to $90,000 to manufacture while it retails for $40,000 according to information gathered by Reuters.

“Nearly two years after the introduction of the path-breaking plug-in hybrid,” writes Reuters, “GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.”

An Economic 'Plan'?

Former president Bill Clinton told the Democratic National Convention that Barack Obama has a plan to rescue the economy, and only the fact that the Republicans stood in his way has stopped him from getting the economy out of the doldrums.

Paul Ryan Was Right on Obama’s GM Plant Abandonment ......

This is NOTHING compared to what the DNC Convention is going to whip up.....

The trouble is that Ryan never claimed in his acceptance speech that the Janesville plant closed on Obama’s watch, even though in point of fact it technically did. Cars were still being produced there during the spring of 2009. Ryan’s point was that the Obama campaign had demagogued the anticipated closing and made a promise to keep the plant open with government help – a promise President Obama bailed out on after taking office.

Spike Lee I'm Doing Whatever it Takes To Get Obama Second Term So He Can Do Whatever He Wants This Time....

Hasn't he pretty much already? He already bypasses the law....however, it gives you pause. Imagine Obama with no restraint at all? Be careful what you wish for!

Obama Will Do Whatever He Wants In Second Term

Taxpayers' Auto Bailout Losses Mounting.....

Another success story touted by the President!?! Only thing "saved" was the Unions....

Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration.

Treasury: U.S. to lose $25 billion on auto bailout ....

Gee! What a success!!!!

The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15 percent higher than its previous forecast.

In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update.