Another Obama Lie: Your GM or Chrysler Warranty will be Safe with US

It's much more difficult to find instances when Barack Obama has told the truth than when he lies, which almost makes this post anti-climatic. However, it is noteworthy, nonetheless because once word gets out that the warranties of GM and Chrysler car owners are NOT backed by the full faith and credit of the United States, there will be even less of them sold.

In 2009, Obama assured owners of GM and Chrysler automobiles that their warranties would still be honored. After all, the US government was running those companies and people had nothing to fear.

Via Autoweek in March of 2009:

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday.

"Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."

GM and Chrysler are at a high risk of bankruptcy as they face some of the lowest U.S. sales rates in 27 years, analysts have said. The government on Monday took several actions to help shore up the two automakers after forcing the resignation of GM CEO Rick Wagoner.

"Given where the industry is, these highly unprecedented actions are consistent with the unprecedented times we're in," Standard & Poor's analyst Robert Schulz told Reuters today.

Ah, but that was more than two years ago, which is well past the expiration date on virtually all of Obama's promises. Today, GM (Obama Motors) is saying that any GM car under warranty before the bankruptcy will not be repaired under the terms of any warranty.

Via Reuters:

General Motors Co (GM.N) is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy.

The lawsuit, filed on June 29 by Donna Trusky of Blakely, Pennsylvania, contended that her Impala suffered from faulty rear spindle rods, causing her rear tires to wear out after just 6,000 miles. [ID:nN1E7650CT]

Seeking class-action status and alleging breach of warranty, the lawsuit demands that GM fix the rods, saying that it had done so on Impala police vehicles.

But in a recent filing with the U.S. District Court in Detroit, GM noted that the cars were made by its predecessor General Motors Corp, now called Motors Liquidation Co or "Old GM," before its 2009 bankruptcy and federal bailout.

It would appear that no matter how hard he tries to avoid the laws of economics, they might just be catching up to Obama. This is not something he can easily dismiss, either. In essence, he is the GM of OM, regardless of what figurehead has that title on his desk.

What will be interesting to find out is the number of Obamautomatons who are in this predicament? What percentage of them will be able to figure this out? Of those who do, what percentage of them will actually put their pride aside and affix blame where it belongs - on the liar-in-Chief.

h/t Drudge