GOP slams Bush over bailout
By: Martin Kady II
Politico.com
December 20, 2008
Republican leaders across the board have let loose on President Bush’s auto industry bailout in what may be some of the toughest GOP criticism of the Bush presidency.
John McCain is leading the way, saying it is “unacceptable that we would leave the American taxpayer with a tab of tens of billions of dollars while failing to receive any serious concessions from the industry.”
Senate Minority Leader Mitch McConnell, House GOP leader John Boehner and a cast of other angry fiscal conservatives have also rained criticism on the president. Bush may only have a month left in office, but Republican leaders who went along with the Wall Street bailout are finally making a clean break with their president on economic policy.
“I’m very disappointed,” said Sen. Jon Kyl (R-Ariz.). “The president justified his action with a false choice: it’s either this plan or abrupt liquidation of the companies. The White House seems to think that the industry didn’t have time to deal with the problem or prepare for an orderly bankruptcy, which is false.”
(More here.)
Politico.com
December 20, 2008
Republican leaders across the board have let loose on President Bush’s auto industry bailout in what may be some of the toughest GOP criticism of the Bush presidency.
John McCain is leading the way, saying it is “unacceptable that we would leave the American taxpayer with a tab of tens of billions of dollars while failing to receive any serious concessions from the industry.”
Senate Minority Leader Mitch McConnell, House GOP leader John Boehner and a cast of other angry fiscal conservatives have also rained criticism on the president. Bush may only have a month left in office, but Republican leaders who went along with the Wall Street bailout are finally making a clean break with their president on economic policy.
“I’m very disappointed,” said Sen. Jon Kyl (R-Ariz.). “The president justified his action with a false choice: it’s either this plan or abrupt liquidation of the companies. The White House seems to think that the industry didn’t have time to deal with the problem or prepare for an orderly bankruptcy, which is false.”
(More here.)
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