Now here's the way to gain the support of the American people.
Have members of the Minority Party tell the largest auto maker in the world to forget about trying to survive, and just walk into Bankruptcy Court and throw in the towel. After all, we've already given you 17 billion dollars to support your operation, and now you're saying you may need upwards of 50 billion? We're Republicans! No way! We hold the purse strings of the nation in our grasp!
Yeah, right. This coming from the party that drove our nation's economy into the ditch.
Hey! I know something fun to do! Let's drive ALL of the automakers into the ditch!
Losers.
More hilarity and hijinx below the fold...
So. Here we go again.
It would seem that our former Republican opponent for President John McCain (R - Wingnuttia) is at it again. In this article, he states that the best thing that GM could do right now is to declare Chapter 11 Bankruptcy.
Now, we're talking about a company that has global reach, literally into every market of the world. From the assembly plants, to suppliers, to distribution of product, to marketing. And Mr. McCain just wants them to prance into Court and say we're bankrupt. Silly Senator.
"I think the best thing that could probably happen to General Motors, in my view, is they go into Chapter 11, they reorganize, they renegotiate ... the union-management contracts and come out of it a stronger, better, leaner, more competitive automotive industry," McCain told "FOX News Sunday."
Now, I don't know about any of you, but this would seem like a really good excuse for the Republicans to try and bust the unions, especially since everyone over at Fox knows that they're overpaid, making $70.00 an hour (!). Worse yet, the UAW isn't willing to come to the table with concessions that would lower the average Detroit auto worker's pay to that of what Japanese auto manufacturers are paying their employees to work in a non-union environment.
House Republican leader John Boehner said the nation's largest auto company must demonstrate a viable and long-term business plan if it wants more federal money.
This coming from the party that can't even come up with a plan to put up a new website for the RNC. To quote chris Matthews, "HA!"
McCain said the Obama administration didn't make the tough choice by letting GM fail, and instead has trapped itself in spending billions on a company barely on life support.
And how about we let fail the following - AIG, Citi, Wells Fargo, Chrysler, ad nauseum. then we'll see what kind of state the nation's economy is in, k?
The Republican Party has no place telling President Obama, or the Democratic Party, what should and should not be allowed to fail. They have no place telling a company - ANY company, that they need to close the books on their operation, and declare bankruptcy.
If the GOP wants to hasten the return of Hoovervilles, this is, by God, the fastest way to do it.