Obama to Kick GM, MOPAR Out of NASCAR

Obama: NASCAR is a no-go, 10-4

President Obama’s cash advance bailout of America’s automobile industry giants has left a sour taste in the mouths of many. Why should financially irresponsible automakers that flood the market with metal hulks that lose value fast be allowed to spend the taxpayers’ money in ways that fail to fix the original problem?

The Mainstream Conservative blogs that President Obama is cracking down on yet another way GM and MOPAR have continued to abuse the public trust by using their money for purposes other than bailing out the brand. Obama says NASCAR participation and sponsorships by GM and Chrysler must end at the close of the current stock car season if the automakers hope to continue to receive government aid. Beyond the advertising for the automakers, the companies (and America itself) are not reaping the benefits of NASCAR technology, sa id Obama:

Automakers used to operate on the principle of “win on Sunday, sell on Monday,” but the Auto Task Force's research just doesn't validate that as true. NASCAR is a racing series that regulates down to the smallest detail of the cars, where a car badged a Chevrolet or Dodge differs only marginally from a Ford or a Toyota. There's no technological development to speak of… ... click here to read the rest of the article titled "Obama to Kick GM, MOPAR Out of NASCAR"