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Hilliary and the auto bail-out


Hillary is now repeating the same disingenuous material in Kentucky that she originally used in Michigan, regarding the "auto bail-out". Just as she did in March, she now claims that Bernie voted against bailing out the auto industry, making things seem as if she is for the middle-class and Bernie is not.


What Hillary does not tell you is that Bernie is on record as being in favor of and voting for the auto bail-out; he was just vehemently against using the tax dollars of the middle class to bail out the big banks in the process. Both Hillary and Bernie were in favor of the concept of bailing out the auto industry after the financial crash in 2008. To this end, a bill was proposed which involved taking some money (seventeen billion dollars) out of the much larger sum of 700 billion dollars (of middle-class tax payers' money) intended by Bush in the last part of his presidency to bail out Wall Street and the big banks. Because this was such a large sum, it was to be allocated in installments. In 2009, Bernie voted against the Treasury's releasing the second half of this 700 billion dollars - not because he was against bailing out the auto industry, but because he was against a middle class bail-out of the big banks. 



When Hillary says she was in favor of the auto bail-out, what she means is that she was in favor of using 700 billion dollars' worth of money from the taxes of the likes of you and I to bail out New York financial institutions that had ruined the global economy (while she was Senator for that state - the banks were part of her constituency, their board-members her friends).


Read The Washington Post's full story on the auto bail-out here: