Right. He [Obama] didn't rescue anything. He bought it. That's the difference. But do you hear the arrogance there? I'm telling you at the White House, when this was announced -- don't doubt me on this -- there was seething. There was rage, there was cursing at everything about it, at Trump over the details of the story, over how small it was gonna make Obama look, how inconsequential it was gonna make Obama look. So they had to have a meeting and they had to devise how they're gonna deal with this.
And they decided to go out there and minimize what Trump's done. "Oh, we're really happy for Donald Trump, that's really great. If he does it 804 more times then maybe he can talk to Obama about how you save jobs." That's their message. It is as transparent and empty at the same time as you can get, and it's child like. It's, "Well, you... you..." It is not at all mature, and the only thing Earnest could cite in saving manufacturing jobs is President Obama's decision to "rescue" the American auto industry? He made no such decision.
President Obama did not rescue the American auto industry. He bought it and then tried to turn it over to the unions. There wasn't any rescue. What Trump has done with Carrier and what Obama did with the auto industry are two entirely different things. For there to be any similarity here, Trump would be the owner of Carrier today, and he would have gone in and browbeat them and made who knows what kind of deals in order to transfer the ownership. Obama looked at the auto industry as the epitome of what was wrong with America.
It was one of the many examples of what's wrong with America. "The autoworkers? They're the ones that should own that company," in Obama's world, "because it had the provided the sweat labor! They're the ones that made any automobile sale possible, and they got nothing! They got dirt compared to the CEO and compared to the stockholders and the board of directors and all these other things." So Obama's purpose was to go in and take the auto industry away from people that owned it, and that's exactly what happened.
There were stockholders and there were bondholders. Now, people forget these things, but I do not. In the pecking order of who gets paid when something goes belly up or is close to it and investors need to be made whole, bondholders go first, then the stockholders, and then other investors after that. What Obama did was go in and basically tell the bondholders, people who had invested in bonds... Are we talking about General Motors here? He told the General Motors bondholders that they had to pound sand. They got diddly-squat.
Obama took it away from them. There is literally no comparison to what Obama did in so-called rescuing GM and what Trump has done here with Carrier. And their answer here -- their seething, bitter little answer. I mean, stop and think of the mind-set here. You're president of the United States, and your spokesman's out there, and you are the most powerful man in the world, and there's some guy out there that you don't particularly like. He's just been elected president.
You think he's buffoon, and so you think you've gotta put him down and you've gotta do it in such a way that makes everybody think you're the big guy and he's just a chump pretender. "Well, yeah. Okay. So he saved the jobs at Carrier. Very happy about that. Big whoop. Big deal! If he does it 804 more times, he can come talk to us." Well, ladies and gentlemen, there hasn't been any jobs rescue under Obama. We've had net zero. Yeah, there are new jobs created. Most of the time are part time because of the Obamacare requirements.
We've had businesses shut down. We haven't had any economic growth. There hasn't been any economic recovery. If the economy had been as robust as Obama was saying, Hillary probably would have been elected. If the economy were roaring and everybody was experiencing what you have in economic growth -- if wages were really increasing, if people's standards of living were rising -- then Trump probably would not have won. But America is stagnant and it's being run by somebody who doesn't believe it deserves to prosper, at least not as a superpower.
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Trump announces saving a thousand jobs, and it's a bigger economic announcement than any Barack Obama has had in eight years. That's what they're steaming about in the White House. Trump goes out and tweeting that he has saved a thousand jobs at Carrier in Indiana, and it's bigger economic news than anything Obama announced. Bigger than his stimulus, which didn't work. Bigger than Obamacare, which is an albatross around this nation's neck and is gonna have to be dispatched and rebuilt.
Practically everything Obama touched has been damaged to one degree or another. I think it's quite telling that an announcement of saving a thousand jobs is maybe the biggest economic news this country has had -- the most uplifting, shall we say -- in eight years, and they know it at the White House, and they know it at the Democrat Party. And they've not had experience dealing with this because they have not had a functioning opposition, which was out to defeat them, or fix their mistakes. They're up against things they have no preparation for, no recent experience dealing with.