The bloom must be off the rose for some members of The Elite Media Monoculture, because over at The Washington Post Glenn Kessler is taking a close look at the claims of the Obama administration regarding their auto bailouts. Kessler takes the claims apart one by one and finds that they aren’t quite what they seem.
With some of the economic indicators looking a bit dicey, President Obama traveled to Ohio last week to tout what the administration considers a good-news story: the rescue of the domestic automobile industry. In fact, he also made it the subject of his weekly radio address.
We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.
What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.
