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Article posted Aug 10 2012, 4:08 AM Category: Economy Source: ZeroHedge Print

Obama's Master Plan: Bailout Everyone

by Tyler Durden

A 40% loss of post-IPO market-cap, channel-stuffing largesse, contract-law destruction, and all with tax-payer backing. That is what the Bailout'er-in-chief has in mind for every manufacturing company in the US. As Politico reports this evening, President Obama gave a speech we think rivals his 'you didn't build it' miasma as he alienated foreigners, encouraged socialized losses, and suggests bailouts for any and all. "I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back," (cough - down 43% - cough) he said. "Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."






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