Hi, everybody. Earlier this week, I spent some time with the hardworking men and women of the American auto industry,[With the union goons I paid off a few years ago] who are busy writing a new chapter in America’s story.
Just a few years ago, their industry was shedding hundreds of thousands of jobs. Two of the Big Three — GM and Chrysler — were on the brink of failure. If we had let this great American industry collapse — if we had let Detroit go bankrupt — more than one million Americans would have lost their jobs in the middle of the worst recession since the Great Depression [and someone else would have bought their companies for pennies-on-the-dollar... and transformed them into companies which produced products people actually wanted to buy].
I refused to let that happen. These jobs are worth more than just a paycheck — they’re a source of pride and a ticket to the middle class. These companies are worth more than just the cars they build — they’re a symbol of American innovation and a source of our manufacturing might [which apparently, cannot survive without government intervention?].
So in exchange for help, we demanded responsibility [from everyne except the folks we lent the money to]. We got the companies to retool and restructure. Everyone sacrificed [especially, the taxpayers great-grandchildren]. And three years later, the American auto industry is back [and STILL producing a product that no one wants to buy!].
Today, GM is the number one automaker in the world [thanks entirely to the US Govt's purchase of GM vehicles]. Chrysler is growing faster in America than any other car company [while Honda, Toyota, and Nissan have already outgrown Chrysler and thus don't have such a huge "growth rate" or union encumberance].
Ford is investing billions in American plants and factories [because they didn't need to take the taxpayer's money and had a solid business plan from the beginning], and plans to bring thousands of jobs back home. All told, the entire industry has added more than 200,000 new jobs over the past two and a half years [This industry encompasses thousands of manufacturers who produce myriad parts for autos which have seen an increase in demand from the broken window policies of this administration - but it's a temporary gain].
And they’re not just building cars again — they’re building better cars. Thanks to new fuel efficiency standards we put in place, they’re building cars that will average nearly 55 miles per gallon by the middle of the next decade [yeah... that's 2025 - something to brag about] . That’s almost double what they get today. That means folks will be able to fill up every two weeks instead of every week, saving the typical family more than $8,000 at the pump over time [ yeah, over time - a LIFE TIME! any natural innovation in the market could've more than covered such a flawed bragging point, but we'll give it to him].
That’s a big deal, especially as families are yet again feeling the pinch from rising gas prices [Maybe they'll feel some relief when the entire economy collapses from the f-king spending circus in Washington].
So what’s happening in Detroit will make a difference [because it will make people believe that the govt is the answer to all of their problems]. But it won’t solve everything [there will always be thosepesky Revoistas!].
There’s no silver bullet for avoiding spikes in gas prices every year [especially when your spending circus has you giving away cash like a drunken sailor on a 3-day shore pass]. There’s no shortcut to taking control of our energy future. We have to pursue an all-of-the-above strategy that helps develop every source of American energy [including pond scum - good gawd how much will you suckers bite into before your recognize the game?]. And we have to do it now.
The good news is, we’ve been making progress. Take a look at this chart. Six years ago, 60% of the oil we used was imported. Since I took office, America’s dependence on foreign oil has decreased every single year. In fact, in 2010, for the first time in thirteen years, less than half the petroleum we consumed was imported. Part of that is because we’re producing more oil here at home than at any time in the last eight years [ courtesy of the previous president's approval - I might add].
But we can’t just drill our way out of this problem [Brazil, however, they CAN drill our way out of it]. While we consume 20 percent of the world’s oil, we only have 2 percent of the world’s oil reserves. We’ve got to develop new technology that will help us use new forms of energy [like algae!].
That’s been a priority of mine as President. And because of the investments we’ve made [like Solyndra!], our use of clean, renewable energy has nearly doubled — and thousands of Americans have jobs because of it.
Now we need to keep at it. And to do that, we need to make the right choices.
Here’s one we can make right now. Every year, $4 billion of your tax dollars go to subsidizing the oil industry. These are the same companies making record profits — tens of billions of dollars a year. I don’t think oil companies need more corporate welfare.
[bullshit unpresidential pandering to achieve an agenda]. Thanks and have a great weekend [if you suckers bought this - I am guaranteed re-election!].