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Greg

Question: Who is responsible for this?

Answer: Bush announces $17.4 billion auto bailout
www.politico.com/news/stories/1208/16740.html

President George W. Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring that the firms radically restructure and show they can become profitable soon.

"If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy. In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action. The question is how we can best give it a chance to succeed."

or as Vice President told Senate Republicans

"it'll be Herbert Hoover time if aid to the industry was rejected."

So if there is a finger to point at, it belongs straight with the President you support.

Peg

I know that this administration made this decision. I read somewhere that GWB did it because he didn't wish to take a dramatic lead in either the direction of no bailout whatsoever or a strong, meaningful bailout. Nevertheless, I still think it was wrong to do.

You seem to have the curious notion, Greg, that "supporting" an individual means that you stand by everything that they do. I can't think of any politician that I haven't criticized in various ways. GWB is no different for me.

And I certainly do criticize him about this.

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