GOP looking to profit from GM deal

Washington Times:

Republicans plan to use the government takeover of General Motors Corp. as ammunition in their bid to defeat congressional Democrats next year, saying its a glaring example of big government intrusion into the marketplace that will rankle average voters.

They said the bankruptcy arrangement, which President Obama announced at the White House on Monday, is doomed to entangle politicians in business decisions that are outside their expertise.

"We'll continue to make the case that President Obama and House Democrats want to do to America's health care system what they have done to General Motors," said Paul Lindsay, a spokesman for House Republicans' campaign arm, the National Republican Congressional Committee. "Having to defend such drastic government intervention paid for with reckless spending and bailouts is not an enviable position for many of these Democrats to be in next year."

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Rasmussen polling shows only 21 percent favor the deal and 67 percent oppose. That is a striking number. A majority favored letting GM go out of business. They, of course, have that power by not buying its vehicles.

The opposition appears to be based on giving public money to failed businesses. I think the Democrats have really misread the voters on these bailouts and in this case they have decided to bailout out some union jobs at great expense to the public. Unlike the Democrats, most voters are not beholding to the unions.

Scott Ott says most Americans would rather have 60 percent of Toyota in another one of his parodies.