Hope & Change… Obama To Visit Kokomo Chrysler Plant That Spent $343 Million in Bailout Money to Save 1,200 Jobs
Posted by Jim Hoft on Tuesday, November 23, 2010, 5:24 AM
Your taxpayer dollars at work…
Barack Obama and Joe Biden will tour a Chrysler plant in Kokomo today that received $343 million in direct investments from the auto bailout to save 1200 jobs.
Maybe that explains the Muppet music…
The Caucus reported:
If there was one message that appeared not to get through during the midterm elections, it was President Obama’s efforts to help the struggling economies of the industrial Midwest.
It was in places like Indiana, Illinois, Ohio and Michigan that the Democratic party took some of its heaviest losses. That happened despite repeated trips by the president touting the administration’s work to bail out the auto industry and provide stimulus funds to the economically depressed region.
But in the wake of the election, Mr. Obama appears eager to keep trying.
On Tuesday, he will head to Kokomo, Indiana, where unemployment peaked at nearly 20 percent in 2009, but has steadily fallen since then, in part thanks to the recovery of the Chrysler auto plant in the town. White House officials said Mr. Obama will tour a Chrysler plant and highlight the $8.4 billion that Indiana received in Recovery Act funds.
…White House officials said Indiana Transmission, the Chrysler plant in Kokomo that Mr. Obama and Vice President Joe Biden will tour, is thriving again after the bailout rescued Chrysler from bankruptcy and the plant received $343 million in direct investments. The officials noted that 400 employees at the plant who had been laid off by Chrysler have been recalled by the company.
Let’s wait and see who reports this story today as Obama touts his failed stimulus bill.
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Published May 16, 2012 at 7:37 pm - 45 Comments
Mark1957 commented:
“Barack Obama and Joe Biden will tour a Chrysler plant in Kokomo today that received $343 million in direct investments from the auto bailout to save 1200 jobs.”
That works out to $285,833 per job saved. By government standards that may be a success, but the private sector could have created ten times as many jobs for the same investment.
PaleRyder commented:
More complete failure touted as a success. This is what the left does. They lie,they commit fraud and they deceive,then, when all their plans fail miserably they claim victory. Is there any wonder the enemies of America are frothing at the mouth when this stooge patrol is in charge??
Skandia Recluse commented:
How large a kickback did the plant have to make to stay open, and where did it go?
Militant Conservative commented:
Post #1 got it right. Remember what Reagan said “Government has only two options, get in the way or get out of the way”. Obama has excelled at getting in the way. He has socialized as much of America as possible and in the process will distroy the Democrat party, while gravely injuring America/Americans. He’s one and done for the pain will be worse than Jimmy Carter era, and fresh in American’s minds as they go to the polls in 2012. (The newly Garymandered districts) LOL Dem’s have truely screwed the pooch this time. They let America see who the REALLY are. SOCALISTS. powder is dry
Big Mo commented:
And meanwhile the gigantic Chrysler assembly plant in St. Louis County along I-44 is currently being demolished. Wonder how many union jobs Oba’s “stimulus” would have saved there?
Ginger commented:
I wonder if the chrysler workers will moon Barry, throw insults, etc, like they did Mr. Iaccoa (sp.)
I have no pity for a few UAW workers who worked at plant #1 & #2… especially the union thugs! Now if you are male you get represented but… being female forget it! I do not remember how many times I was told to go home that females had no right to work there… BUT…. if you are out of prison you get hired right away! Even rapers!
Oh, yes the republicans that worked there had to be real quiet about the union supporting the demo rat rep’s in the state and white House for fear of getting harrassed, car keyed, human fetus, dirty pranks on the line and much more.
silentcal_rox commented:
Taxpayers screwed again! Bozo the presidential imitator had to take care of his buddies, and masters at the UAW! I will drive a used YUGO before I’ll buy a chrysler product.
arnonerik commented:
I demand equal justice. I want my 285, 833 bailout too. Obama is such a financial Genius, isn’t he? He is very generous (to some) and all with funny money and our childrens future indebtedness.
averagemelon commented:
Isn’t this the greatest show on earth? Thanks everyone, for doing your part and voting this loser of a man in charge of our nation.
WE TOLD YOU SO. YOU STILL WON’T LISTEN.
Vercingetorix commented:
It says in the excerpted article that 400, not 1,200, jobs will be saved in my hometown.
That is the same number Fox used in their report on this.
That makes the cost $1 million per job, and they are not new jobs, it just saves existing jobs.
antilbr commented:
Was driving through Illinois on the expressway going to Wisconsin.Just before you get to Rockford il there is a huge chrysler mfg plant,this plant is building a huge new addition onto it.After taking a mega billion $ bailout how in the he!! can they be allowed to be able to build this monster addition and who the he!!$ paying for it……..
raybojabo commented:
And these people call the Bush tax code for a small LLC grossing 250k a year corporate welfare. But making your chilren and grandchildren responsible for paying the pensions of UAW jerkoffs that retired at 45 is “saving or creating ” jobs.