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Restaurant Obama Cited Last Week as Bailout Beneficiary Going Out of Business

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By Doug Powers  •  June 9, 2011 11:38 AM

**Written by Doug Powers

The Reverse Midas Touch has claimed another victim:

TOLEDO, Ohio (AP) — An Ohio restaurant mentioned last week by President Barack Obama as an indirect beneficiary of the government’s Chrysler bailout will go out of business Sunday after a more than 70-year history.

Co-owner Richard Lawrence of New Chet’s Restaurant in Toledo says business has fallen victim to the economy and the workplace smoking ban approved by Ohio voters in 2006. He told The Blade newspaper of Toledo on Wednesday that auto industry cutbacks also hurt.

File that one alongside a teacher the White House used as a symbol for jobs saved by a $26 billion jobs bill who was subsequently laid off.

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.

(h/t Gateway Pundit)

**Written by Doug Powers

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