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<blockquote data-quote="clueless" data-source="post: 784775" data-attributes="member: 15572"><p>Ha Ha! You can't make this stuff up--Barack "Blame Bush First" Obama is now taking credit for the GM IPO today:</p><p></p><p>Obama's claim today:</p><p></p><p>"American taxpayers are now positioned to recover more than my administration invested in GM, and that's a good thing," Obama said, speaking shortly after the 4 p.m. market close.</p><p></p><p>He said the early success of the IPO validates his administration's $50 billion taxpayer-backed rescue of the venerable automaker. The sale of the new stock is a milestone for both the corporation and for the Obama administration..."</p><p></p><p>The Reality:</p><p></p><p>Dec. 19, 2008</p><p></p><p>Bush announces $17.4 billion auto bailout</p><p></p><p>President George W. Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler</p><p></p><p><a href="http://www.politico.com/news/stories/1208/16740.html" target="_blank">http://www.politico.com/news/stories/1208/16740.html</a></p></blockquote><p></p>
[QUOTE="clueless, post: 784775, member: 15572"] Ha Ha! You can't make this stuff up--Barack "Blame Bush First" Obama is now taking credit for the GM IPO today: Obama's claim today: "American taxpayers are now positioned to recover more than my administration invested in GM, and that's a good thing," Obama said, speaking shortly after the 4 p.m. market close. He said the early success of the IPO validates his administration's $50 billion taxpayer-backed rescue of the venerable automaker. The sale of the new stock is a milestone for both the corporation and for the Obama administration..." The Reality: Dec. 19, 2008 Bush announces $17.4 billion auto bailout President George W. Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler [url]http://www.politico.com/news/stories/1208/16740.html[/url] [/QUOTE]
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