When President Obama took office, the sky was falling and the effects of Bush’s stupid policies were raining down upon us like razor blades, cutting everyone they came in contact with. It’s pretty astounding how soon people have forgotten what we were facing with predictions of slipping into another depression coming from everywhere. A lot of people did suffer in the downturn and we’ve been struggling to get back to where we were. And whether Republicans want to admit it or not, Bush was responsible for the mess. The GOP tried their hardest, with much success, to brainwash their followers and the media – that once Bush left office, all accountability and the residual effects of his policies went with him. The GOP and their media lapdogs almost immediately started telling us all that President Obama now owns all the disasters that were left behind. One of the big fears during late 2008 and early 2009 was the potential collapse of the auto industry. Even President Bush saw this and started the process of bailing out the auto industry. Former President Bush deserves credit for that. But the rest of the GOP apparently decided that those estimated 2 million jobs were expendable. Check out this clip that reminds us what the two leading contenders for the Republican nomination said back then. Courtesy of the DNC…
They were so sure of themselves, weren’t they. They weren’t saying it might happen, they were adamant that bailing out the auto industry was going to kill it completely. I’ve posted about the success of GM in the auto bailout before, well this week we learned that Chrysler is paying back both the US and Canadian governments 6 years ahead of schedule. From The New York Times…
Chrysler paid back on Tuesday $7.6 billion in loans from the American and Canadian governments, paving the way for its Italian partner, Fiat, to increase its control over the Detroit carmaker.
The repayment of loans and interest owed to the United States Treasury and Export Development Canada is a significant milestone in Chrysler’s methodical comeback from bankruptcy in 2009.
“While there is more work to be done, we are starting to see stronger sales, additional shifts at plants and signs of strength in the auto industry and our economy,” the president said.
I never understood as it was happening, why the Republicans would be so blatantly against trying to help save all those jobs in the auto industry and the ancillary business that supply the auto industry. On the face of it, it just came off as very cold and insensitive to all the people affected by it. Politically, it seemed like a stupid move. I suspected it was the right-wings extreme hatred for unions that drove their irrational and naive pronouncements about the bailout. At the time, I knew they were going to live to regret those comments. It’s just too bad it wasn’t in 2010 that they regretted them.
The many successes of the Obama administration has to be frustrating as hell for the Republicans, who have been saying for many years that the government can’t do anything right and then of course for the 8 years of Bush, they proved it. There is nothing like a self-fulfilling prophecy. The Obama administration has proven over and over that the federal government, with all its warts, can create change and help move our country forward.