Hey, its not me saying it – its the Washington Post:
…We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.
What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan…
Our President – the used car dealer of liberalism. Step right up folks, I’ve got a great program for you: a 1933 New Deal with only 14 trillion miles on it! And you can have it for the low, low down payment of 1.6 trillion dollars!