I took the ferry to the mainland from this Maine island this morning but made it home this afternoon to note that the Senate Republicans have decided to defy their President, the House of Representatives, and a wide array of economists and Wall St. experts. The bailout bill for GM and Chrysler [and Ford if they need it] looks doomed.
What's fascinating here is the hypocrisy. Senators from states that have offered huge incentives for foreign manufacturers to establish factories there refuse to assist American-based companies whose factories happen to be in other states. Maine's two Republican Senators have appropriately asked lots of questions and demand accountability, but they have not yet sounded nonsensical.
What part of "one nation" don't they understand? Maybe one of them can explain just why throwing hundreds of thousands of new people out of work is such a great idea?
Thursday, December 11, 2008
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