Friday, December 12, 2008
"Herbert Hoover" Time
Senate Rethuglicans eager to return to their "small government" roots are prepared to sabotage the proposed loan of $15 billion to GM and Chrysler, just a couple of months after approving a bailout over 45 times that size to Wall Street investment banks and insurance companies. So if it's a white collar industry, help yourself; if it's a blue collar industry, tough luck. Talk about Rethuglican class warfare. Bust those unions at any cost to America!!
In a rare moment of honesty, (Vice) President Dead-eye Dick Cheney spoke to Senate Rethugs on Wednesday, according to Politico, and warned them that this was "Herbert Hoover" time as far as allowing the automakers to fail. The ripple effect through the economy of having this key domestic industry fail would be catastrophic, according to economists of every political stripe. Millions of jobs are related to the domestic auto industry, union and non-union alike. But for for so many winger Rethugs, it's an opportunity to return to the 1930s.