Yes, as usual, I was several days ahead of the big news on this one. Obama has evidently told President Bush, as I told you the Democrats were doing in an entry several days ago, that President Bush should use the Wall Street bailout money, or some of it, to bail out the auto industry.
Democrats have now used President Bush for cover for 8 years, and especially for the last 4. Enough. As I stated, President Bush needs to state that the b bailout package previously passed was not for this purpose (25 billion dollars has been loaned to the auto industry, but not under the bailout program). If Democrats want to bail out the auto industry, they should do so. I hope that Presdient Bush and the REpublicans are not willling to let Democrats off of the hook for these decisions.
Yes, Republicans need to propose things, but they should be Republican thinks. Why is the bailout of the auto industry, which Democrats have done their best to destroy with environmental legislation, a Democratic thing?
Well, for one thing it is socialist, and there is no reason to bail out GM and Ford, while refusing to bail out my brother (see tomorrow's entry). Okay, we know Republicans are now willing to go in for socialism However, there is no time like the present to kick this new found addiction to Big Government.
More fundamentally, Democrats are anxious to bail out the auto industry because of Big Labor--the auto labor unions, and labor unions throughout the country in sympathy with them. Yes, it is political Oh, this is actually a rational argument--that we can't afford to lose the jobs. But the combination of jobs lost by companies like my brother's may be greater. Again, why bail out GM and not my brother? Someone needs to be hones here. Yes, for Republicans, it may be the effect on the economy if FM goes under. But for Democratrs it is all about Big Labor. Don't kid yourself otherwise. That is a huge Democrat consituency, especially in terms money and material support.
There is no reason for President Bush to jump into this. Saboteur of the Republican Party that he has been over the past 4, or even 8, years, you can never be sure he will do the rational thing. Sarah Palin was right when she blamed President Bush for McCain's loss (although McCain did not help himself). President Bush's panic over the financial "crisis" alone virtually guaranteed McCain's defeat, by spreading a panic view of our economy that vastly worsened the situation. Yes, I am well aware that the despicable AP, and AOL, were just trying to sow discard in the Republican ranks by picking that rather minor statement out of the Paln interview with Van Susteren, where Palin blamed Bush's "policies" for the defeat. Nevertheless, she was right, even if that were not the whole story. The point is that this is now Obama's problem, and Sush has no reason to manufacture a revision to wha Congress votedon to run cover for Obama.
NO. it is not urgent. If Democrats want to try for a new bailout before Obama gets in, they can. But GM and Ford will still be there on Janunary 20. They are not in imminent danger of collapse. They will wait for Obama. Does not Obama want to show his leadershiip, rather than relying on Bush to get it right? Dirty little secret: NO, he does not. He wants the cover of Bush. It is time "moderate" Repubicans stopped giving that cover, and that the Republican Party stopped giving that cover.
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