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Restaurant Touted by Obama Last Week as Bailout Beneficiary Going Out of Business
Another business falls victim to the Obama “recovery.”
Obama’s reverse Midas touch. It’s not just for breakfast anymore. Or lunch, for that matter.
A small north Toledo eatery whose origins date back to 1923 will close Sunday, just days after being feted in a speech to Chrysler workers by President Obama.
…Mr. Lawrence said a lack of business made the economics of paying someone to cook for his restaurant no longer sustainable. He placed the business up for sale and last week turned it over to a local real estate company. The contraction of the automotive industry didn’t help either, he added.
“When we were open later, we delivered a lot of food to Jeep. Today, it’s probably only $100 a week. We used to deliver $200 or $300 of food there in a week, but that’s all stopped,” Mr. Lawrence said.
But the small restaurant did have a booming business on Friday when President Obama was in town.
Mr. Lawrence said he had 100 people packed into the restaurant then, hoping the President would stop by.
…Instead, President Obama ate lunch at Rudy’s Hot Dog on West Sylvania Avenue, and dropped by Fred’s Pro Hardware around the corner on Stickney Avenue, but mentioned Chet’s during his remarks as he discussed other jobs and businesses that benefitted from the 2009 bailout of Chrysler because Toledo Chrysler workers still had jobs.
Isn’t that just typical? President Obama uses a 90-year old small business as a “success story” in his speech to prop up the ill-conceived GM bailouts, but has no idea whether or not the business in question actually benefited from it. Turns out, quite the contrary is true. Government handouts cannot make up for harmful economic policies.
This is another sad case of the unintended consequences from Obama’s big-government liberalism.
I found it extremely ironic that President Obama didn’t even bother to stop by New Chet’s Restaurant after mentioning it in his speech; he went somewhere else to eat.
Michelle Malkin has the moral of the story:
If the administration approaches you and wants to use you or your business as an example of how massive government spending has saved the economy, politely decline the offer, go home for the day and come back when the coast is clear.
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RELATED: Ed Driscoll has an excellent post today which takes a look at how the Left’s radical environmentalists — including the Obama administration — are cheering America’s abysmal economy because it means less “carbon emissions.”
Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT
