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RNC Web Vid Condemns "Government Motors" Deal
The Republican National Committee has this new Web video on the General Motors bankruptcy deal, condemning it as an example of the Obama Administration taking over the private sector:
RNC Chairman Michael Steele included this statement:
"No matter how much the President spins GM's bankruptcy as good for the economy, it is nothing more than another government grab of a private company and another handout to the union cronies who helped bankroll his presidential campaign. President Obama will now own 60 percent of GM, and his union buddies will own almost 20 percent. And what do the taxpayers get? They'll get stuck with up to a $50 billion tab for the taxpayer dollars Obama is using to pay for his takeover of GM. Americans shouldn't be fooled. This is the real 'change' President Obama has in mind for America - government ownership of our economy financed with irresponsible and reckless government spending and debt and no jobs to show for it. This is a very sad day for the autoworkers and their families whose financial well-being will be directly affected by this clear act of an overreaching UAW and overbearing government."
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Guess they won't need to bother pretending to target Michigan in 2012.
June 1, 2009 10:00 AM | Reply | Permalink
Big Yawn.
Since the GOP was advocating bankruptcy, they look pretty silly attacking Obama on this.
It is either the government gets involved or there would be liquidation of GM.
Today the stock market is rising. If GM had gone into liquidation the stock market would be going way down.
June 1, 2009 10:05 AM | Reply | Permalink
Probably not all that effective -- in attacking unions, they're probably undercutting their attempts to connect with disaffected autoworkers.
June 1, 2009 10:12 AM | Reply | Permalink
Give the RNC a break. Since the Republicans have contributed nothing since the new year, all they can do is criticize everything Obama does. They can't produce effective legislation so they just produce corny attack ads.
June 1, 2009 10:41 AM | Reply | Permalink
Yes! It's hug-your-RNC day!
June 1, 2009 11:14 AM | Reply | Permalink
Its only boring to those of us who are more or less rational and have no particular reason to disbelieve Obama when he says the government's going to unload its shares onto the private equity market as quickly as it can.
If, however, you believe that everything Obama says is a lie (read from a teleprompeter) and he is, in fact, a covert marxist intent upon expropriating the means of production from hardworking, freedom loving capitalists, that killing free enterprise is the first step in the Satanic librul plot that culminates in the liquidation of all Christian white people who are so foolish as to not have their own arsenal of assault weapons and a private ammo dump, it all makes perfect sense.
June 1, 2009 10:51 AM | Reply | Permalink
...his union buddies will own almost 20 percent.
Giving the employees a stake in the company is a bad thing?
June 1, 2009 10:57 AM | Reply | Permalink
But the wingers can't possibly support that; that would be, like, umm... an ownership society or something. Oh, wait...
June 1, 2009 11:05 AM | Reply | Permalink
Someone should ask Steele to reconcile these two statements:
"...his union buddies will own almost 20 percent [of GM]... This is a very sad day for the autoworkers and their families whose financial well-being will be directly affected by this clear act of an overreaching UAW and overbearing government."
I mean, I know better than to expect logical thought from a Republican, but how, exactly, does giving UAW a stake in GM adversely "affect" autoworkers who, if the R's had their way, would be completely at the mercy of GM's management and creditors in a more traditional bankruptcy?
June 1, 2009 11:21 AM | Reply | Permalink
Well you see, if the workers see the direct correlation between working hard and success through their ownership stake, then how can management lie to them come contract and review time?
June 1, 2009 11:34 AM | Reply | Permalink
Its perfectly simple, dammit. Its workers partially owning the means of production! That's comma'nism and that's bad for the workers. The workers only prosper when their employer is owned by rich people who know how to run these big businesses competently--design products people want, plan for foreseeable contingencies, manage their debt and dealer networks, stuff like that.
June 1, 2009 11:57 AM | Reply | Permalink
(Not to detract from your fine sarcasm, but technically only the workers owning the means of production is not really comma'nism.)
(And that I have no doubt the taxpayers will get the short end of this stick when the "unloading to private equity firms" occurs.)
June 1, 2009 12:25 PM | Reply | Permalink
why is it that "obama" gets 60% of GM, but the taxpayers get screwed. doesn't steele realize that it is the taxpayers and not obama personally that is "getting" a 60% stake in GM? granted, at $50 billion obama may have over-paid, but he doesn't get to own the stock.
and perhaps steele should be asked exactly why this is worse for UAW than allowing GM to screw them in an ordinary bk. clearly if they could have gotten a better deal by not agreeing to terms ahead of time, they would have and taken their chances with the BK judge.
and as for steele's claim that there will be no jobs to show for it, again, he misses the point that the UAW seems to believe there will be more jobs, not less, if they cooperate with obama.
i dont' know which scenario is worse, that steele is really this stupid, or that he thinks the american public is...
June 1, 2009 12:21 PM | Reply | Permalink
This is worse: those aren't mutually exclusive scenarios.
June 1, 2009 2:47 PM | Reply | Permalink