«
»

Obama wants Bush on the hook for rescuing automakers

Posted 11 Nov 2008 in bailouts, Barack Obama, economy, George W. Bush

I realize that I’m totally jaded, but this seems to me to be an effort by Obama to have his cake and eat it, too (surprise, surprise). If all goes well, he can take credit for being proactive before taking office. And if the bailout fails, he’s positioned himself to be able to blame Bush for the mistake.

President-elect Barack Obama yesterday urged President Bush to support immediate aid for struggling automakers and back a new stimulus package, even as congressional Democrats began drafting legislation to give the Detroit automakers quick access to $25 billion by adding them to the Treasury Department’s $700 billion economic rescue program.

Large-scale government intervention into American industry is not the answer. How does another bailout make GM and Ford better companies? Infusing these corporations with cash won’t make them more efficient. Besides, why can’t they be allowed to fail if they’re unable to compete? Why must American taxpayers continue to prop up unsuccessful businesses and reward ineptitude?

If that’s our model going forward, is the federal government also going to bail out every taxpayer who faces personal bankruptsy?

Well, Bush has been acting like a liberal for several years, spending money like the proverbial drunken sailor. And Obama’s Santa Claus proposals are what got him elected in the first place. So I guess it stands to reason that nobody will be held accountable for their mistakes anymore; Big Brother will continue to step in and rescue everybody.

And it’ll all be Bush’s fault again.

Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT

Leave A Comment