That investment is in US plants not foreign ones.
Thank you Mr. President, once again you made the right call.
Republicans? Not so much.
McCain to GM: Go bankrupt!
Mar 9th 2009
Republican Senator John McCain is joining the growing ranks of Republicans who say "Let General Motors file for bankruptcy."
"The best thing that could probably happen to General Motors, in my view, is they go into Chapter 11," he told Fox News yesterday. A bankruptcy filing, he explained, would allow the company to more quickly restructure itself to become "stronger, better, leaner."
Speaking on ABC, Senator Richard Shelby echoed his sentiments, saying that "subsidization of anything for very long never works. . . I've suggested they go into Chapter 11. That's where they belong. And they could reorganize."
"The best thing that could probably happen to General Motors, in my view, is they go into Chapter 11," he told Fox News yesterday. A bankruptcy filing, he explained, would allow the company to more quickly restructure itself to become "stronger, better, leaner."
Speaking on ABC, Senator Richard Shelby echoed his sentiments, saying that "subsidization of anything for very long never works. . . I've suggested they go into Chapter 11. That's where they belong. And they could reorganize."
Senators McCain and Shelby were, as they are on most issues, completely wrong.
Nov. 2008
GM Loan guarantee bill will have virtually no Republican support in the Senate, reported The
Happily President Obama did not listen to these and other right wing "financial experts."
It is a wonder that Republicans can be so wrong on so many issues so much of the time and yet people still vote for them.
People are just dumb as dirt.
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