a:3:{s:16:"field_story_body";a:1:{i:0;a:2:{s:5:"value";s:1896:"<span style="font-size: larger;">Crazy Joe, <em><strong><span style="color: rgb(128, 0, 128);">&ldquo;The Intellect of the Democratic Party&rdquo;</span></strong></em> said:</span><br />
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<em><strong><span style="color: rgb(128, 0, 0);"><span style="font-size: larger;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &ldquo;General Motors is alive and bin Laden is dead&rdquo;</span></span></strong></em><br />
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and then Michigan&rsquo;s worst Governor, Jenny Granholm, did her version of the demented &ldquo;Howard Dean&rdquo; and boasted about how Obama and the Democrats had saved the automaker from destruction.<br />
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The truth is that an analysis by the independent fact-checking group ProPublica found that for all the purported success, the auto bailouts are on track to be the most costly move for the federal Treasury from the $700 billion Troubled Asset Relief Program, with losses far exceeding the costs of bailing out Wall Street&rsquo;s banks and investment firms.<br />
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Despite record profits at GM in recent quarters, its share price of $22.45 still is about $30 less than the break-even price that the federal government needs to unload its remaining 26 percent share of the company without a loss. GM has paid back $22.8 billion of the $50.7 billion in TARP money it received under Mr. Bush and Mr. Obama, while GMAC (rechristened Ally Financial), the Detroit automaker&rsquo;s financing arm, still owes almost $14 billion of the $16.2 billion it received from taxpayers.<br />
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For the TRUTH about Obama&rsquo;s great success story for GM click on the following story link:<br />
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<a href="http://www.washingtontimes.com/news/2012/sep/6/democrats-rhetoric-driven-by-auto-bailout/"><strong>http://www.washingtontimes.com/news/2012/sep/6/democrats-rhetoric-driven-by-auto-bailout/</strong></a><br />
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