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Author Topic:   Liberal credit taking has no limits - "Americans invented the automobiles"
Mannu
Knowflake

Posts: 45
From: always here and no where
Registered: Apr 2009

posted February 25, 2009 11:13 AM     Click Here to See the Profile for Mannu     Edit/Delete Message   Reply w/Quote
Didn't they look like 3 clowns trying to run this country , yesterday?

LMAO.

Backbencher senator Obama, that dumb Biden and one who can't say a sentence completely ,Pelosi.

Lot of credit taking yesterday and this one just fell flat.


WASHINGTON -- It was clear from President Obama's address to Congress on Tuesday that he's a believer in the American automobile industry, but his grasp of automotive history suggests he could use a refresher course.

Obama said his administration won't protect auto makers from their own bad practices but is committed to a retooled auto industry, saying, "I believe the nation that invented the automobile cannot walk away from it."

The problem: The credit for internal combustion engines generally is given to German engineer, Karl Benz, who designed and built the world's first practical automobile in 1885. A steam-powered car was invented in 1769 by French inventor Nicolas Cugnot. Americans, on the other hand, are given credit for the mass production of cars.

Nevertheless, Obama said millions of jobs and scores of communities depend on saving the industry. His administration is weighing the fate of General Motors Corp. and Chrysler LLC. The two have received more than $17 billion in federal loans and are seeking an additional $21.6 billion.

Both automakers have pressing needs. General Motors has said it could run out of money by the end of March and needs $2 billion next month and $2.6 billion in April to remain solvent.

Chrysler has requested an additional $5 billion in loans and wants the government to approve an alliance with Fiat SpA.
http://www.foxnews.com/politics/first100days/2009/02/24/obama-errs-sa ying-americans-invented-automobiles/

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jwhop
Knowflake

Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009

posted February 25, 2009 11:38 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Yes, American auto makers are in financial trouble, partly because of their union contracts where they gave away the earth, moon and stars.

Not to be overlooked is the meddling in the auto industry by the Congress of the United States which has passed rule upon rule, regulation upon regulation and attempted to force auto makers to build cars Americans don't want and won't buy.

Your comment is well taken however and it's only necessary to listen to O'Bomber, O'Biden and O'Pelosi for a few sentences on any subject to know beyond doubt that they're talking/bloviating out of their lower orifices.

These 3 dimwits and the other congressional dimwits are not going to save the US auto industry. Bankruptcy and restructuring is the only option which will.

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katatonic
Knowflake

Posts: 6024
From:
Registered: Apr 2009

posted February 25, 2009 11:44 AM     Click Here to See the Profile for katatonic     Edit/Delete Message   Reply w/Quote
you are right but it IS a common misconception that we invented the automobile. just as many believe that edison invented the lightbulb and electricity as we know it today. he who has a grasp of publicity and copyright tends to get the credit!

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jwhop
Knowflake

Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009

posted February 25, 2009 01:23 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote

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