By Bill O'Reilly
The controversy continues over Clinton Eastwood's Super Bowl commercial, paid for by Chrysler. The ad says Detroit and America in general is on the comeback trail because we all banded together and helped out when the financial collapse hit.
(BEGIN VIDEO CLIP)
CLINT EASTWOOD: This country can't be knocked out in one punch. We get right back up again and when we do the world is going to hear the roar of our engines.
Yeah. It's halftime, America. And our second half is about to begin.
(END VIDEO CLIP)
O'REILLY: Reports are the Obama campaign is very happy with the spot but conservatives like Karl Rove are not. Saying it supports government bailouts. Mr. Rove will be here momentarily.
But first, let's take a look at what happened. In September of 2008, President Bush signed into law a program that authorized $700 billion taxpayer dollars to bailout failing American companies. Right now the feds are still owed about $100 billion from the TARP program.
Chrysler Motor Company received $4 billion from President Bush, another $7.2 from President Obama. So far Chrysler has paid back about $10 billion but it still owes $1.3 billion to the feds which, incredibly it does not have to pay back.
By the way, that Super Bowl Eastwood spot cost Chrysler an estimated $14 million according to some sources. "T Points" believes the price is a bit lower than that.
There is no question however that the economic bailout remains controversial today. Mitt Romney says he would have allowed the car companies to fail. President Obama on the other hand is touting their recovery as a significant achievement for his administration.
Clint Eastwood, well, he said this in November. Quote; "I'm a big hawk on cutting the deficit. I was against the stimulus thing, too. We shouldn't be bailing out the banks and car companies", unquote.
That's why I said yesterday that I believe Mr. Eastwood was doing a pro-America commercial not a pro-Obama spot. "Talking Points" also believes that Presidents Bush and Obama did the right thing by propping up some major American corporations that were about to go under. That saved thousands of jobs and if the TARP program had not been authorized, worldwide panic would have been substantial.
However now, now it should be mandatory that all private companies that received taxpayer dollars pay them back. Chrysler should not be strutting around celebrating its recent success while still owing the taxpayers more than a billion dollars. That's simply wrong.
Also President Obama should be much more humble in touting the success of an economic come back because it was born on the backs of the working folks. He just ordered the checks sent out. American workers saved the economy not Mr. Obama and Congress.
But now it should be payback time. Spending discipline must be imposed. Let's stop the irresponsible nonsense in Washington.
And that's "The Memo."
Pinheads & Patriots.
This morning on "FOX & Friends," M&M's, the candy, took a starring role.
(BEGIN VIDEO CLIP)
STEVE DOOCY, CO-HOST, "FOX & FRIENDS": As you know, you know, the legendary story. Eddie Van Halen would stipulate in his contracts, in his dressing room, no brown M&M's. That's got to make a candy feel bad.
GRETCHEN CARLSON, Well, he didn't know what he was missing. I'm the ruler of all. So this is law.
DOOCY: Take that, Eddie.
BRIAN KILMEADE, CO-HOST, "FOX & FRIENDS": Well, you know, we've been doing this show for 15 years. I believe you're the first talking candy.
CARLSON: Well, I'm honored.
DOOCY: Thank you very much, brown one.
CARLSON: Thank you so much.
DOOCY: Way to go.
CARLSON: That's fun.
KILMEADE: Yes, talking to M&M's is always fun.
(END VIDEO CLIP)
O'REILLY: Very early in the morning.
And by the way, the M&M's refusing to come on "The Factor." Apparently, they're hiding in their little packets. We know where you are. You can decide if you're "Pinheads or Patriots."