Fox co-host Eric Bolling invented a revisionist history of the General Motors bailout in order to baselessly accuse the Obama administration of conspiring to cover up a potentially fatal defect in some GM vehicles.
On the April 1 edition of Fox's The Five, Bolling attempted to link a defect in an ignition switch -- which has been blamed for several deaths and resulted in millions of GM vehicles being recalled earlier this year -- to the Obama administration, claiming that the administration "bankrupted" GM in 2009 in order to shift responsibility for the defect away from a new, restructured GM:
BOLLING: Bob, let me be the skeptic here, all right? So around 2008, 2009, when they bankrupted GM, no one could figure out why they would do that --
BOB BECKEL (co-host): They bankrupted GM?
BOLLING: Yeah. The Obama administration bankrupted GM and recapitalized them and recapitalized certain investments. No one could figure out why. I'll be the skeptic here, I'll be the cynic here, I'll be conspiratorial. Maybe they bankrupted them to make sure that the old GM was responsible for these deaths because they knew they had a problem and the new GM could go on with business as usual and then they would look like heroes.
Bolling offered no evidence to back up his "conspiratorial" claim, which ignores the billions of dollars GM lost before the bankruptcy filing and President George W. Bush's role in setting up a bailout for the company in 2008.
There are conspiracy theories and then there are conspiracy theories. Eric Bolling isn't as smooth a right wing rodeo clown as Glenn Beck, but he's just as much a clown.
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(Via The Alyona Show at YouTube)
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