Friday, November 19, 2010

Letter from DASHMANN

Dashmann continues to find the Republicans detestable, perhaps because they continue to be so:

"The same congressmen, mostly Republicans, who want to borrow lots of money to maintain the Bush tax cuts for millionaires, today voted down borrowing a lot less money to extend jobless benefits for 3 months. (Merry Christmas all you lazy unemployed people)

"This is the same day General Motors made its initial public offering of stock on the New York Stock Exchange, after receiving loans from the Obama government, thereby preserving over a million jobs in the process, not to mention the spin-off businesses needed to support the auto firm. Those loans were widely opposed and criticized at the time by those same Republicans.

"And now Republicans vow to make Obama fail in his last 2 years as President. That means NOTHING GOOD can happen to the country the next 2 years, lest Obama be given any credit for anything good !!!

"What kind of patriots comprise the Republican party and whose side are they on???"


Irish Mike said...

I could not agree more. Tax breaks for millionaires (who horde their money), and cut off unemployment benefits for those who would pump it right back into the economy.

Dashmann said...

Didn't get a lot of usable stuff on this one. A couple right wingers pointed out the TARP auto
company loans were signed by President Bush as though they now want Bush to get credit for GM's resugence. Bush did in fact ok the loans as a lame-duck on December 19, 2008, but I don't remember any President but Obama taking heat for it, especially from those same Republicans.
Correct me if I am wrong please !

scot s w said...

Dashmann, the Bush Admin. approved small bridge loans for GM/Chrysler to allow them to survive just long enough to become Obama's problem. This was actually a responsible move, because it allowed the new administration to set up an office to handle the problem and review the companies' finances before deciding on the bigger bailout. I think, in the end, the right choices were made, and hopefully the broken, insular management culture at GM has been smashed and replaced with better practices.