And so the statist, corporatist, socialist comes out of his shell and tells us the truth. Again.
First it was his “you didn’t build that” claim that showed his belief that we are all collectivists and that but for the government (roads, schools, police, et al) no one could succeed in America. He obviously forgot that but for those successful businesses creating profits that are taxed or salaries earned that are spent and taxes collected on sales, there would be no government funding.
Now it’s this:
I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back. Now I want to do the same thing with manufacturing jobs [emphasis added], not just in the auto industry, but in every industry. I don’t want those jobs taking root in places like China, I want those jobs taking root in places like Pueblo.
So unquestionably he wants to bail out other private enterprises just like he did GM (and, I suppose, violate bankruptcy and bond law by cramming down the bondholders and eliminating pensions of non-union workers). Was that GM bailout really good for American consumers (and U.S. taxpayers)?
But pay attention to how he wraps his socialist/statist concept of bailing out private companies in the flag of nationalism. He doesn't want those jobs to go to China. None of us do, but that's the free market. I'd rather live in a free market where market forces determine where jobs go than a politician sitting in the White House waving his magic wand and determining who he thinks should win or lose in the free market.
Obama once again proves how adept he is at saying conflicting things and making them sound compatible, or at least heart-warming.
European socialism is what this President is all about:
"redistribute the wealth," "you didn't build that," let's do bailouts "with every industry"
November 6th can't get here soon enough.