I never thought I would see Freepers criticizing an American President for refusing to dump 22 billion dollars into an auto company.
But I guess it is an upside down world, so called conservatives supported Bush when he gave billions to the Big 3 and now will oppose Obama for cutting off the Federal pipeline of tax dollars to GM.
Bush got very little support for any bailout here.
LLS
Oh, no, you misunderstand.
I don’t want him to dump 22 billion dollars down that hole.
I also want him to take the blame for “killing GM.”
It’s the same tactic the lefties used so successfully to get into office. And it’s what we have to do if we want to win in 2010 - we have to maneuver the Dems into lose-lose scenarios. Just like this one.
If you aren't a troll, you are at least somebody who didn't read the FR posts when Bush started this horrible nonsense. At that time, the vast majority of FR posters, myself emphatically included, loudly denounced the bailout and stated the imperative need for bankruptcy, not bailout. Indeed, the biggest reason for bankruptcy was the huge risk that bailouts could be used as a backdoor way to nationalize the whole U.S. auto industry, not just GM.
If the Usurper were simply to say it's obvious that the bailout was a bad idea from the beginning and GM should go into Chapter 11, that would be fine. Unfortunately, the government's critique of GM and Chrysler makes it clear that the government is second guessing the management of both companies in, among other things, their product mix, and insisting they produce more small, unsaleable cars, rather than the light trucks and SUVs that actually sell and make money.
The real threat here is nationalization of the whole U.S. auto industry, not just GM and Chrysler. If the government keeps them alive by taking a larger and larger stake in each, it will have a powerful interest in assuring the success of each. Even worse, it, the unions, and the Watermelons (are you one??) will be designing unsaleable motorized shoe boxes that will be competing against real cars. The only "solution" to such a problem is either to nationalize every other U.S. auto manufacturer or to force them to manufacture only the government mandated garbage.
What is Obama's record on keeping his promises? At the end of 60 days, after BO's new CEO buddy makes GM more "green," BO might deem GM to be suddenly financially healthy.