President George Bush has now signaled his willingness to help the struggling Detroit automakers, the Wall Street Journal is reporting.
Here's a quote from the WSJ summing up the president's plan:
White House spokeswoman Dana Perino said the administration would consider tapping the $700 billion government pool—known as the Troubled Asset Relief Plan—that was created ahead of the November election to calm turmoil in financial markets.
Very interesting. Coburn is ready to let the U.S. industry fail (as are the voters, if the polls are right), but not even George Bush wants to see a huge sector of the U.S. economy collapse on his watch.
2 comments:
Coburn's interest in government waste is very nice. But he seems to have a problem with priorities.
While he's adjusting the O-ring to stop a dripping faucet, water is gushing from the main in the front yard.
Not even George Bush is so conservative that he wants to be today's Herbert Hoover. These smug Republican Senators can stand on their "principles" because they know the White House will act if they do not.
The failure of the U.S. auto industry would be like an atom bomb going off in the middle of the economy. People in power-- people who actually have to govern-- can't rest on their comfortable principles while the country goes to hell.
Tom Coburn thinks *everything* is government waste. He will play "government waste" on his fiddle while Rome burns. In the meatime, the biggest thing the government is wasting is time.
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