AS AN EXERCISE in chest thumping, the Democrats’ convention display of self-congratulations for the GM bailout was extraordinary. In his speech, President Obama mentioned the auto deal three separate times. Joe Biden mentioned it five times, while Jennifer Granholm, the liberal TV host and former Michigan governor, screamed about it — literally — at least 20 times.
The Democrats’ bailout euphoria illustrated their utter lack of reservations about letting government choose both winners and losers in the economy. It was a celebration of intervention by a president who is more than willing to play economic favorites no matter the cost. And it showed that they’ve learned all the wrong lessons from a sad moment in our economic history.

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Very good column, because it disproves one of the most false statements that the Democrats tout in their chest thumping-that save for the government bail out, GM would have shut down. Of course, this is untrue. But for the millions of ignorant Obama supporters, truth is simply believing what your guy says.
GM could have gone through a standard bankruptcy, and protected its bondholders. It could have proceeded down a path based on consumer demand-not on some pie in the sky government plan to promote the Chevy Volt and other money losers. But it would stll be in business today, even without the government bail out.
Your opinion along with Mr. Sununu is not the predominant sentiment of the American public. You are misinformed just how ready equity was available in the private sector to reestablish the industry and to hold parts manufacturers and showrooms while the proceeding took place. It is also a curious attitude to want to allow so many to suffer because of gross fixable human errors. To have a working country its society has to have some sense that our success depends on the success of others. If they falter it is not always wise to say I'v got mind, the rest of you are on your own.
Your opinion along with Mr. Sununu is not the predominant sentiment of the American public. You are misinformed just how ready equity was available in the private sector to reestablish the industry and to hold parts manufacturers and showrooms while the proceeding took place. It is also a curious attitude to want to allow so many to suffer because of gross fixable human errors. To have a working country its society has to have some sense that our success depends on the success of others. If they falter it is not always wise to say I'v got mind, the rest of you are on your own.
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I notice John, that you don't make the claim that Mcain or Sarah Palin would have done anything different than the President. Especially Palin, no pol panders to blue collar voters with false promises more than her. And blessedly she will now be fading from the public eye. While I agree General Motors is a very bad company, one that deserves nothing from taxpayers,I would say that about the entire auto industry and our entire culture which is based on the automobile.
Politicians will say anything to get elected. Obama is obviously playing up to a group of voters that he needs in a key swing-state area of the country.Romney is running his mouth about how much of a tough guy he would be on the international stage.What else is new?
When Romney goes down for the second time and when he also begins to fade from the public eye-the question remains: Who will now represent the Republican party? A guy like Paul Ryan? (Touted as a conservative but really never made a fiscally conservative vote in his entire time in Congress?) Voted for the war in Iraq, voted for the auto bailout? Will there ever be another truly fiscal conservative coming from the ranks of the Republicans? If Paul Ryan is your guy, get ready for being relegated to the dustbin of history for a generation or so.
Why are you giving oped space to someone so closely associated With thRomney campaign during an election? This pieceexaggerates the facts. I haven't read this paper in a year and don't plan on coming back.
Obama would bail out buggy whip companies if he could convert taxpayer money into votes for himself.
Now I wonder what vision of American Mr. Sununu represents? To Mr. Sununu workers seem to be pawns, robotic entities that do not suffer, feel pain, or experience sickness or death. He wants a product of human beings like a corporation to have the same status as the genuine article. He should hand in his human badge. People were about to suffer badly with the collapse of the auto industry. Management and the cost of health care had brought the manufacturers to its knees. To reverse it some funds had to be invested and some temporary concessions had to be made to ensure the company would make it and head off human misery. So it was done. Usually sucess is suppose to have a million fathers and failure a million orphans. Mr. Sununu has turned this upside down as too many of his Republican buddies do.
We don't know what viewpoint Mr. Sununu represents. We do, however know that after a single term, the good people of New Hampshire decided that Mr Sununu had been a miserable failure at representing them. I have to assume that the globe only prints his letters because he is a useful fool and an opposing viewpoint.
Democrats love the idea of redistributing wealth. Yours, not theirs. It leaks down in a death spiral that bleeds everyone with a job and a savings account. Democrats want "Papa" Obama and his troops to beat the "Rich" until they are black and blue instead of red, white and blue. A current article in the WS Jnl speaks of Eienstein''s statement that compound interest was the most powerful force in the universe. It was very simple. At an interest rate of 7.2% your savings would double in 10 years. Democrats and Mr. Obama's beloved Ben Bernanke believe that near zero interest rates will revive the economy. Well, "folks", with inflation running a couple of points higher, it destroys savers planning for their senior years and has done nothing to helping the housing bubble or ease deflation. It is, in fact, another way to redistribute wealth from savers to debtors - the more virtuous to the less virtuous. Hard workers saving for the future have become saps and chumps. One last point. Is this what all you Democrat liberal believers hate about Tea Partiers?
Republicans are equally happy with restributing wealth, as long it's going from the middle class to the wealthy. I dislike Tea Partiers because they are always looking for someone to tell them what to think, and they've same spectacularly bad choices of who to listen to.
Wasn't a big reason for the auto bailout -- and not just GM -- to save JOBS, including those of part suppliers and other auto industy vendors, whose closures and cutbacks could have had a devastating ripple effect on the economy? And Mr. Sununu shouldn't complain about crony capitalism, with the way his party wants to dole out the corporate welfare.
If GM had been allowed to go bankrupt, the economy today would be significantly worse. So, by saving GM at the low point of the Great Recession, Obama saved millions of jobs and made his reelection much more likely. The second of those two is probably what really annoys Mr. Sununu.
Bankriuptcy usually doesn't mean that a company is shut down and everyone laid off. If GM had gone through the normal bankruptcy process, bondholders wouldn't have been screwed and the UAW wouldn't have enjoyed a windfall. Many of those GM bondholders, by the way, were not "millionaires and billionaires" but retired public employees whose pension funds had invested in "secure" GM bonds.
Lessee.... If bankruptcy happened, the unions would be at the nmercy of management. New contract would mean union busting and substantially lower wages. This cost savings would not have been passed on to the buyers of vehicles. The money would have gone into HUGE management bonuses and maybe the stockholders dividends. Obama's plan to save jobs by spreading the wealth through hundreds of thousands of paychecks (and money returned to the treasury through income taxes) saved the state of Michigan and hundreds of suppliers from disaster. John: please continue to write these articles. They will insure Obama's success in November. We need him to save our country from another Republican induced economic crash dive.
John Sununu, the most partisan ideologue of all time, cherry picks more than anyone. Yet, Mr Corporate welfare himself still has a gig in a mainstream media outlet...my goodness, when your voted out after one term, have some shame and disapear.
John opposes picking winners and losers yet he has no problem in allowing the government to pick winners and losers when it comes to the tax code. Each time an industry receives a tax credit the government is picking a winner, every time one does not receive a tax credit it fails to receive the blessings of government. John has no difficulty in granting tax credits to the wealthy investor, again picking a winner over a loser the working man. Every tariff every protection action picks a winner and a loser. It is this type of nonsense that keeps the public confused. For people such as Mr. Sununu and Mitt Romney lay praise upon the free enterprise system while at the same time they foster a system that does exactly what they say they oppose. If Mr. Sununu truly believes what he says then tax credits for big oil, big agra, pharma all should come to an end. Legislation that limits the ability of workers to unionize should be removed, let the free market of capital and labor meet on a level field. It is not so much that government picks winners and losers that Mr. Sununu objects too, it is who government currently picks.
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I think you are just a sore loser. The only people who win under your ideal economy are the rich. Who was it who said even a broken clock is right twice a day? That's about how often I see you as right.