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In reply to the discussion: If you need further proof that the potus has lost his mind... [View all]malaise
(297,304 posts)I think he forgot that Obama bailed out the auto industry
https://hillreporter.com/trump-derided-obamas-auto-bailout-but-his-farm-bailout-has-cost-more-than-twice-as-much-54237
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Trump Derided Obamas Auto Bailout, But His Farm Bailout Has Cost More Than Twice As Much
President Donald Trump, as a private individual before he ran for political office, was not a fan of the automotive bailout that occurred under his predecessors watch.
When automotive companies were given large sums of government loans to help them during the Great Recession, Trump was initially in favor of doing so, NBC News reported. You have to save the car industry in this country, Trump said at the time.
But once President Barack Obama came into office and pushed the idea and once Trump himself started contemplating a run for president himself he was decidedly against it.
Trump derided the bailout as being costly, and even dubiously said it was being used to create jobs in China, not in the U.S. (a Chrysler vice president of design responded to Trump by saying he was full of s). But as costly as the auto bailout was for the United States, Trumps own bailout for farmers has cost more than twice as much.