Thursday, May 24, 2012

Pt. II: 1001 Reasons Why Obama Should Not Be Re-Elected

  1. Obama deprives GM bondholders of their rightful compensation in order to maintain perquisites for United Auto Workers, which drove the company into bankruptcy to begin with. This is in violation of Article 1: Section 8 clause on uniform bankruptcies.
  2. Despite being called a “success,” at least 16,500 jobs were lost due to GM and Chrysler plant closures.
  3. Dealerships contracted with GM & Chrysler all over the country were shut down. Evidence shows that Democrat-donating dealers were rescued from shutdowns.
  4. Obama’s touted “cash for clunkers” program was a fiasco that led to program mismanagement, taxpayer subsidized waste, and a temporary boost leading to original purchase levels.
  5. Thousands of cars were destroyed, harming the ability of the poor to have cheap transportation.
  6. Evidence shows that the program led only to an increase in national fuel efficiency of 0.65 miles per gallon.
  7. As part of the GM takeover, Obama authorized billions to be spent subsidizing the electric-powered Chevy Volt.
  8. The car was later proven to be prone to spontaneous combustion. Every single Chevy Volt sold, all 8,000 of them, were recalled.
  9. High campaign contributor General Electric received billions in subsidies and green energy tax breaks under Obama. In fact, GE paid zero taxes in 2010 on $14.2 billion in “profit.”
  10. General Electric spent more than $65.7 million on lobbying during the Obama administration – more than any other company.
http://www.conservativedailynews.com/2012/05/1001-reasons-to-vote-against-obama-part-two/
For 90 more reasons on this edition click on the link

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