Goodbye \u201cRecovery Summer Tour.\u201d Hello \u201cRecovery Fall Tour.\u201d Different name, same waste of taxpayer dollars.<\/p>\n
At a\u00a0Chrysler<\/a> facility in Kokomo, Indiana today, President Obama\u00a0stubbornly continued<\/a> his pre-election theme that the UAW bailout and green jobs are rescuing the American economy. The president, Veep Biden, and Fiat\/Chrysler Chief Sergio Marchionne touted Chrysler\u2019s $300 million investment of taxpayer money into the Indiana plant to build a new generation of transmissions.<\/p>\n But the president\u2019s visit only managed to highlight again the stimulus\u2019s \u201cRobbing Hood\u201d\u00a0economics<\/a>: stealing from taxpayers to pay big corporations. Obama\u2019s posse was accompanied by Delphi executive Gary Cameron, whose company was the recipient of $89 million in federal stimulus money to help \u201ctransform America\u201d into a green economy.<\/p>\n Delphi will use its tax dollars to build green-vehicle components to be used in\u00a0hybrid cars<\/a> targeted at buyers making over $100,000 a year. The grant \u201cdefinitely improved our competitive position,\u201d said Cameron. \u201cKokomo is obviously a manufacturing site today because of the stimulus-partnership money.\u201d<\/p>\n