Posts Tagged ‘GM bailout’

Gregg Opelka

The Milwaukee Paradox: Claiming to Unite Us, Obama—Once Again—Only Divides

by Gregg Opelka

If he were alive today, Saul Alinsky would be beaming over President Obama’s Labor Day speech at the Milwaukee Area Labor Council Laborfest. It hit all the right divisive, class-warfare notes, each one sounded to prod the down-trodden Have-nots into even greater envy of the evil Haves. And to no one’s surprise, the Milwaukee mice were more than happy to take the bait—cheering, smiling, applauding, even as the metal bar of the mousetrap is about to snap their necks.

Obama teaching Alinsky photo

Despite campaigning for the office as the Great Unifier, once in it Obama displays over and over his preferred role of Great Divider. His true talent is not in uniting America, but in fomenting, fragmenting, fracturing it. He wields his Alinskyite ideology like a giant chisel, cleaving America into two fractious lumps of stone, probably beyond reunification, at least under the current will-of-the-people-ignoring administration.

The first third of Obama’s 3422-word oration is dedicated to a platitudinous paean to America’s historically aspirational work ethic, a flattering, feel-good affirmation no one could disagree with. Even so, early on, Obama hints at the class-envy rhetoric that later wall-to-wall carpets his speech:

When I was still a candidate for this office…we talked about how, for years, the values of hard work and responsibility that built this country had been given short shrift…about how some on Wall Street took reckless risks and cut corners to turn huge profits, while working Americans were fighting harder and harder just to stay afloat.

In the Alinsky-Obama world paradigm, it’s always Us (the working downtrodden) versus Them (the non-working, reckless greedy). In the A-O paradigm, the housing bubble was unilaterally caused by rapacious brokers and bankers, while borrowing-beyond-their-means Tulipomaniac home-buyers are absolved of all blame.

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Tom Russo

The White House Is Wrong: The Auto Bailout Was a Terrible Idea

by Tom Russo

This past week White House Press Secretary, Robert Gibbs, suggested that had the government not bailed out two failing auto manufacturers, “that’s a million more people that would have been on unemployment benefits.” As will be explained herein, this claim of the Press Secretary is wrong and misleading.

chrysler

Mr. Gibbs also suggested that critics of the auto bailout wanted to walk away from a million jobs. Such talk is unfounded political speak. One would have a hard time finding any serious critic who advocated such a thing.

Quoting Mr. Gibbs,

“I’ll let those that sat in the cheap seats a year and a half ago and wanted to walk away from a million, explain to every one of those workers why they made that decision and… whether they thought the decision they made 16 or 18 months ago, different than that of the president of the United States, whether they still stand by it.”

As one who sat in the so-called cheap seats, Mr. Gibbs, I never advocated walking away from a million jobs, but I absolutely do stand by the position that the GM/Chrysler bailout was a terrible thing to do and made no economic sense.

It seems that the President is unable to grasp – or unwilling to accept – some of the most basic economic principles surrounding this issue.

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Sean   Mahoney

Democrats Attack Small Business Owner for Speaking Out Against Obama’s Policies

by Sean Mahoney

The liberal Democrats in New Hampshire have sunk to a new low. They are smearing a private citizen in the press because he opposes the Obama-Pelosi agenda. I’ve never really seen anything like it, but I fear it is emblematic of what will happen to other small business owners who are suffering from Obama’s policies.

autodealer

Last Thursday I held a press conference in my race for Congress in New Hampshire’s First Congressional District with a gentleman named Alan Silberberg, whose auto dealership was shut down arbitrarily by Chrysler, Obama’s “car czar” and his “Auto Task Force.” The purpose of the press conference was to demonstrate how Barack Obama, Nancy Pelosi and my Congresswoman Carol Shea-Porter’s policies are destroying our economy.

It’s important to know that Alan wasn’t shut down because his business was failing. He was shut down because the government’s policies put his business on the chopping block without transparency and without accountability. To let people know how he felt, Alan painted a sign on his storefront that reads, “This business now closed because of Obama’s economics.”

Folks don’t need to listen to me or to Alan. They can listen to Neil Barofsky the special inspector general for TARP:

The Obama administration’s push to accelerate General Motors Co. and Chrysler Group LLC dealership closings, aimed at helping the companies compete, may not have been necessary and added to unemployment, a U.S. watchdog said.

The Treasury Department should have considered whether speeding up the closings was worth the potential loss of tens of thousands of jobs, according to a report released yesterday by Neil Barofsky, special inspector general for the Troubled Asset Relief Program. The U.S. had rejected reorganization plans from the carmakers in March 2009, in part citing a “slow pace” for GM to scale back its dealer network.

“Such dramatic and accelerated dealership closings may not have been necessary and underscores the need for Treasury to tread very carefully when considering such decisions in the future,” Barofsky concluded.

The report may prompt congressional criticism of the administration’s handling of the automaker bailouts. Lawmakers have already complained about the job losses in their districts from dealership closings and the process by which retailers were selected for shutdowns.

Of course, the Democrats attacked me in the press for having the guts to stand up to Obama’s policies.  I’m a candidate for Congress. I expected it and I can handle it.

But I didn’t expect them to attack Alan.

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Thomas Del Beccaro

Obama’s 6 Worst Policy Decisions

by Thomas Del Beccaro

obama

From Guantanamo to Health Care, Obama is certainly seeking to Change America – or more accurately -to accelerate the pace of change from a private enterprise-freedom based civilization to a Big Government-run society.  According to Thomas Paine, “It is the duty of a patriot to protect his country from his government.”  I realize that is a slightly different definition than Joe Biden would use, but nevertheless, in that light, here is my listing of the worst of his policy decisions:

6. Bailing Out GM.  “His policy of public investments prevented necessary liquidations.  The businesses he hoped thus to save either went bankrupt in the end, after fearful agonies, or were burdened . . . by a crushing load of debt.  [He] undermined property rights . . .pushed federal credit into the banks and bullied them into inflating . . .” Historian Paul Johnson wrote that of Herbert Hoover.  You can almost substitute Obama’s name for Hoover’s  in every detail.   By the way, Government Motors sales are declining at 3 times the rate of the industry as a whole.  Hoover would be proud.

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