Barack Obama killed 2200 dealerships and 120,000 of jobs

This (Obama’s) Auto Team… didn’t have a single person on it who had any auto experience… We asked Ron Bloom, the head of (Obama’s) Auto Team, was this (dealership closures) necessary… and he acknowledged that this… wasn’t necessary.”

Obama Didn’t Save the Auto Industry: He Took Away 2,200 Dealerships and 120,000 Jobs

“GM and Chrysler significantly accelerated their dealership termination timetables, with Chrysler terminating 789 dealerships by June 10, 2009, and GM announcing plans to wind down 1,454 dealerships by October 2010.”
“(Obama) Auto Team’s view about the need for GM and Chrysler to reduce their dealership networks and do so rapidly was based on a theory that, with fewer dealerships (and thus less internecine competition), like their smaller networked foreign competitors, the remaining dealerships would be more profitable and thus would permit the dealerships to invest more in their facilities and staff.”
“one expert opined that closing dealerships in an environment already disrupted by the recession could result in an even greater crisis in sales… job losses at terminated dealerships were apparently not a substantial factor in the (Obama) Auto Team’s consideration of the dealership termination issue.”
” it is clear that tens of thousands of dealership jobs were immediately put in jeopardy as a result of the terminations by GM and Chrysler. Finally, the acceleration of dealership closings was not done with any explicit cost savings to the manufacturers in mind.”
“Treasury should have taken special care given that the (Obama) Auto Team’s determinations had the potential to contribute to job losses, particularly given that one goal of the loan agreements was to “preserve and promote jobs of American workers employed directly by the automakers and subsidiaries and in related industries.”
“This audit concludes that… (Obama) Treasury (a) should have taken every reasonable step to ensure that accelerating the dealership terminations was truly necessary… (b) should have at least considered whether the benefits to the companies from the accelerated terminations outweighed the costs to the economy that would result from potentially tens of thousands of accelerated job losses.”

The folks at Delphi who had the pensions eliminated aren’t happy either

This man was HIRED by the Obama administration

This is NO right wing ZEALOT

The liberal media has KEPT ALL this QUIET

But it is up to EVERY person who reads this to make sure OHIO and Michigan and ALL Midwest voters SEE this

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The POWER OF COMPOUNDING is LARGE.Someone who puts this out on Twitter or facebook on their timelines exposes this to Tens of thousands of people

Imagine if those folks ALL shared it

I have “held” this information for a LONG time

Well its time to RELEASE NOW

The only person who can STOP YOU is YOU

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