Ya,
the great Communist Marxist Obama in his business dealings with the
auto industry. He really helped them alright. Right in the unemployed
and food line. Marxist Obama the liar - the "great business mind" in Washington, D.C.. What a joke!!
Dr. James P. Wickstrom
Obama Didn’t Save the Auto Industry: He Took Away 2,200 Dealerships and 120,000 Jobs.
As
a Catholic who works in the trade association profession in the auto
industry it was unsettling to hear President Obama claim that he saved
the auto industry. President Obama closed over 2,200 auto dealerships,
which caused the losses of decades old family-owned businesses and over
120,000 jobs they provided. The closures were allowed to happen under
the false notion that auto dealerships were an expense on their auto
maker. The President ignored the fact that auto dealers are not an
expense to automakers. Auto makers own none of what you see at auto
dealerships. Auto dealers own all their property; the cars and trucks,
parts, buildings, land, signs, everything. The dealerships pay their
employee’s salaries and millions of dollars in taxes to state and local
governments. The manufacturer has nothing to do with any of these
things.
Facts:
§ President
Obama purposefully and unjustly took away 2,200 self-sufficient, family
owned businesses under the false premise that they were an expense on
their auto manufacturer. He deliberately put these people in debt with
no way to recover. Auto dealers still cannot sell their closed
properties.
§ President Obama’s decision to close dealerships cost 120,000 persons their jobs and livelihood.
§ The President’s action defrauded auto dealers of their property rights and their employees of their wages.
§ See SIGTARP Report summary (page 2) for confirmation of these facts
The
President’s actions against auto dealers violated the Catholic social
teaching principles of social justice and the common good by removing
owners rights to their property and defrauding workers of their wages.
His actions (he calls it “shared sacrifice”) were an example of
collectivism, centralized planning and socialism. All of these ideas are
rejected by America and all are rejected by Catholic teaching in regard
to the commandment, “thou shall not steal.”
Many
people have forgotten what damage President Obama did to the auto
industry and the auto dealer and their employees. Please remind them.
Peter L. Hodges Sr.
