Monday, June 6, 2011

Nothing To Celebrate?

House Speaker John Boehner thinks that saving thousands of jobs in Toledo and keeping local economies afloat is “nothing to celebrate.”

“The administration’s auto bailout is nothing to celebrate,” said Brendan Buck, a spokesman for House Speaker John Boehner, an Ohio Republican. “The model the White House should be touting is Ford, which, instead of relying on a taxpayer-funded bailout, saw trouble coming and made the tough decisions necessary to preserve jobs and weather the storm.”

Yeah, except that Ford also said that if GM and Chrysler went under, they’d have been in trouble, too. Mr. Boehner either doesn’t get it that the auto industry isn’t just one industry; it is woven into the fabric of the economy, and one failure is like pulling on a thread; or he is playing to the political base that believes that bailouts are fine for Wall Street Republicans but not for Woodward Avenue Democrats.

I defy Mr. Boehner to march into Tony Packo’s one Friday night and announce that the rescue of GM and Chrysler was “nothing to celebrate.” He may just find that there’s a new and painful use for a famous Hungarian hot dog. And the sauce.

HT to Steve Benen.