l am certainly not politically affiliated with Mr. Obama. It was meant to be a message about job growth and the spirit of America. … If Obama or any other politician wants to run with the spirit of that ad, go for it.Clint Eastwood • Speaking to Bill O’Reilly about the "It’s Halftime in America" Super Bowl ad he did for Chrysler, which has sparked speculation as to whether he intended a specific political endorsement for the ad. He did not. It’s worth noting that, no, he did not support the auto bailouts, and he’s a lifelong Republican who has only voted for one Democrat as far as he can remember: Former California Gov. Gray Davis in 1998. The effective ad, a political fireball reminiscent of Ronald Reagan’s "It’s Morning in America Again" ad from 1984, has drawn scrutiny from some on the right — Karl Rove suggested the Obama administration was using Chrysler to make indirect political ads for them. With Eastwood’s comments, it’s clear things are more complicated than that.
On the day I took office, our auto industry was on the verge of collapse. Some even said we should let it die. With a million jobs at stake, I refused to let that happen. In exchange for help, we demanded responsibility. We got workers and automakers to settle their differences. We got the industry to retool and restructure. Today, General Motors is back on top as the world’s number one automaker. Chrysler has grown faster in the U.S. than any major car company. Ford is investing billions in U.S. plants and factories. And together, the entire industry added nearly 160,000 jobs. We bet on American workers. We bet on American ingenuity. And tonight, the American auto industry is back.
Was this the right thing for us to do, seeing the success we’ve had? (more here)
» How they worked: These banks took advantage of a set of emergency loans from the Federal Reserve distributed between August 2007 and April 2010. Bloomberg Markets magazine did the math on the numbers and figured out that, by looking at the companies’ net interest margin, you could see how the companies took advantage of the below-market rates they got on the loans to earn a profit. The companies that scored the biggest paydays? Citigroup, which earned $1.8 billion, and Bank of America, which earned $1.5 billion.