Mittens says let the Big 3 go bankrupt. Yeah, Mittens.
What’s absurd is that Obama wants to borrow $50 Billion from the Chinese (or Print the money, Weimar style) to bail out the auto industry.
Leaving aside eight years of bleats about corporate welfare, consider the hand Democrats played in driving the automakers to the brink of destruction:
– Union contracts that pay GM workers $79 per hour (versus $49 at Toyota)
– Refusal to develop domestic drilling, leading to the spike in oil prices that killed off the only profitable line of business, SUVs.
– When was the last time you saw a liberal in an American-made car?
This is the same pattern we’ve seen with the left for eighty years… tax it, regulate it, wreck it, then take it over.