The Auto Industry Bailout: A Profile of Political Courage

The post below, about the success of the auto industry bailout, was sent out 8/5/10.

Today we learned that Chrysler is paying off its loan years ahead of schedule.


Republicans love to make dire predictions about every economic proposal put forth by the Democrats. If you follow politics at all, you know that our president is a “socialist” whose policies are leading us down a path to totalitarian communistic hell. Except, of course, he’s not. When newly-elected President Obama had to make the intensely difficult decision about whether or not to bail out the rapidly sinking US auto industry, the GOP, with virtually one voice, shouted their favorite word, NO! This video was broadcast last week, on August 3, 2010. It reminds you, with video clips, of what the GOP was saying about a year and a half ago. Where are they now, when all three US auto companies are showing healthy profits, and tens of thousands (at least) of American jobs have been saved? Try to watch at least the first 7 minutes or so – up until Gov. Granholm comes on.