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Obama’s Master Plan: Bailout Everyone

Posted By admin On August 10, 2012 @ 2:43 am In Money Watch | Comments Disabled

Zero Hedge [1]
Aug 10, 2012

A 40% loss of post-IPO market-cap, channel-stuffing largesse, contract-law destruction, and all with tax-payer backing.

That is what the Bailout’er-in-chief has in mind for every manufacturing company in the US. As Politico [2] reports this evening, President Obama gave a speech we think rivals his ‘you didn’t build it’ miasma as he alienated foreigners, encouraged socialized losses, and suggests bailouts for any and all.

“I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” (cough – down 43% – cough) he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/obamas-master-plan-bailout-everyone

[2] Politico: http://www.politico.com/politico44/2012/08/obama-lets-repeat-auto-rescue-with-every-manufacturing-131566.html

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