Newsflash! US to bail out German Automaker!
From Obama's speech tonight. 24 Feb 2009
"As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices. But we are committed to the goal of a re-tooled, re-imagined auto industry that can compete and win. Millions of jobs depend on it. Scores of communities depend on it. And I believe the nation that invented the automobile cannot walk away from it. None of this will come without cost, nor will it be easy. But this is America. We don’t do what’s easy. We do what is necessary to move this country forward."
So, which nation invented the automobile?
Perhaps Obama doesn't know who Karl Friedrich Benz or Gottlieb Wilhelm Daimler is. (Does Daimler-Benz sound familiar?)
Maybe He has never heard of a Mercedes Benz either...wouldn't surprise me--I hear all his buddies drive Toyotas.
I hope He knows more about the economy than cars.
David
