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Bottom Line - Bush on auto bailouts: 'I'd do it again' (http://bottomline.msnbc.msn.com/_news/2012/02/07/10342178-bush-on-auto-bailouts-id-do-it-again - broken link)
“I’d do it again,” proclaimed Bush, speaking to the annual convention of the National Automobile Dealers Association.
The bailout, which ultimately totaled $85 billion, was originally begun during the waning days of the Bush Administration. With a specific rescue effort rejected by Congress, the former Commander-in-Chief decided to tap into a separate, $700 billion fund Capitol Hill did approve for the bailout of Wall Street and the banking industry.
With a specific rescue effort rejected by Congress, the former Commander-in-Chief decided to tap into a separate, $700 billion fund Capitol Hill did approve for the bailout of Wall Street and the banking industry.
In other words, Democrats opposed/didn't pass the very same auto bailout that they now champion.
Let me be the first to say, I am glad that Detroit automakers seem to be doing better.
But I think that a bankruptcy reorganization would have put the companys on the path to long term stability. I think they'll likely be back in the same boat they were in a few years.
We can't expect the free market to work, without letting it work.
Bottom Line - Bush on auto bailouts: 'I'd do it again' (http://bottomline.msnbc.msn.com/_news/2012/02/07/10342178-bush-on-auto-bailouts-id-do-it-again - broken link)
“I’d do it again,” proclaimed Bush, speaking to the annual convention of the National Automobile Dealers Association.
The bailout, which ultimately totaled $85 billion, was originally begun during the waning days of the Bush Administration. With a specific rescue effort rejected by Congress, the former Commander-in-Chief decided to tap into a separate, $700 billion fund Capitol Hill did approve for the bailout of Wall Street and the banking industry.
Yes, so Bush is a big government guy. What else is new?
Let me be the first to say, I am glad that Detroit automakers seem to be doing better.
But I think that a bankruptcy reorganization would have put the companys on the path to long term stability. I think they'll likely be back in the same boat they were in a few years.
We can't expect the free market to work, without letting it work.
You need to quit taking Hannity's rhetoric seriously Memphis....
In other words, Democrats opposed the very same auto bailout that they now champion.
Liberalism is scum.
No, bush and the R's had a massive bailout plan on the table for their wallstreet cronies that the dems refused to let hit W's desk unless it included bailouts for the auto makers. Bush only signed a tiny amount in comparison to wall street which was just barely keeping the auto industry alive, while the big bank cronies were going on lavish vacations on taxpayer dime.. Things didn't turn around into the massive success GM and Chrysler have now until the dems/Obama took control.
Thank god for the democratic controlled congress under W and a democratic president now, or else we likely would no longer have two american staples.
In other words, Democrats opposed/didn't pass the very same auto bailout that they now champion.
Liberalism is scum.
He couldn't care less about what the Congress told him.
You can check the voting record if you want to know who voted and how.
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