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Auto Bailouts


Press Release

RNC Sends Letter To Hillary Clinton's Accountant On Tax Day

- April 18, 2016

WASHINGTON – Republican National Committee (RNC) Chairman Reince Priebus sent a letter to Hillary Clinton's accountant, Rorrie Gregorio, on Tax Day highlighting the hypocrisy of her tax plan. The letter calls on Clinton to put her money where her mouth is and pay the additional taxes her plan is proposing other Americans of similar income pay.... Continue Reading »

Research

Obama's Auto Bailout: Then and Now

- December 10, 2013

SHOT: Today, The U.S. Treasury Sold The Last Of Its Remaining Shares Of GM, And Taxpayer Loss On The GM Bailout Finishes At $10.5 Billion. “U.S. taxpayers no longer own any of automaker General Motors. The Treasury sold the last of its remaining 31.1 million GM shares today. The taxpayer loss on the GM bailout finishes at $10.5 billion, with 39.5 billion recovered, according the the Treasury Department. Shares closed today up 73 cents, 1.8% at $40.90.”... Continue Reading »

Research

Obama Dodging The Fisker Fiasco

- July 18, 2012

The Obama Campaign is trying to distance themselves from Fisker Automotive by disputing just where the money for the embattled carmaker came from. The truth is that after spending a half-billion dollars to help Fisker build electric cars in the United States, the only place this company is producing cars is in Finland. Furthermore, not only did Fisker's loan program receive stimulus funds but the president spent billions through the stimulus supporting the electric vehicle industry.... Continue Reading »

Research

They Said It! Biden Admits Bailout Hurt Some Auto Workers, Says It’s Not Obama Admin’s Problem

- May 17, 2012

Vice President Biden Says Some Workers “Got Hurt” By The President’s Auto Bailout. BIDEN: “Some of them got hurt. The vast majority, because of the federal pension board they have out there, to make up differences when companies go under like this, most did fine. … We don’t control the board, anymore than we control the [Federal Reserve] and so we’re wide open to anything we can do to help but that’s an independent board.”... Continue Reading »

Blog

Fact Checking Obama’s Auto Bailout

- February 23, 2012

“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.”... Continue Reading »

Blog

Cost Of Auto Bailouts Jumps Over 50 Percent

- November 16, 2011

The Government Now Expects To Lose $23.6 Billion In The Auto Bailouts, $9 Billion More Than Its Previous Estimate, An Increase Of Over 50 Percent. “The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline. In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its previous estimate of $14.33 billion.”... Continue Reading »

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