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December 16, 2008

Pat Buchanan On Auto Company Loan

-- by Dave Johnson

I'm going to give credit where credit is due. Pat Buchanan has written a column on the auto industry and American manufacturing and jobs that everyone should read. So I am linking to it, and even linking to the repugnant Human Events site where it appears.

Please read The Toyota Republicans. Excerpt:

What are Republicans thinking of, pulling the plug, at Christmas, on GM, risking swift death for the greatest manufacturing company in American history, a strategic asset and pillar of the U.S. economy.

The $14 billion loan to the Big Three that Republican senators filibustered to death is just 2 percent of the $700 billion the Senate voted to bail out Wall Street. Having gone along with bailouts of Bear Stearns, AIG, Fannie, Freddie and CitiGroup, why refuse a reprieve to an industry upon which millions of the best blue-collar jobs in America depend?

. . . Is the Republican Party so fanatic in its ideology that, rather than sin against a commandment of Milton Friedman, it is willing to see America written forever out of this fantastic market, let millions of jobs vanish and write off the industrial Midwest?

Posted by Dave Johnson at December 16, 2008 9:35 AM


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