Wednesday, June 3, 2009

This Is Priceless. The Bush Administration Knew GM Was Headed Into Bankruptcy But Bush Decided To Dump The Problem On Obama

Nice job George W. Bush.

You knew General Motors was failing. But, in the waning hours of your administration you decided to do nothing about it. You made a decision to let President Obama have to grapple with the issue.

How do I know this? Well, it was publicly revealed last night during a Fox News Channel interview. Not by some disillusion Democratic lackey. Nope. This was revealed by none other than Richard Bruce "Dick" Cheney.

Cheney told Fox's Greta Van Susteren that he could see that bankruptcy was the only remaining option for GM. But that Bush didn't want to be the one to "pull the plug" before he left office. That he would leave it to be one of the first crises the new administration would have to deal with.

I don't really know whether, in the long run, this makes any bit of difference one way or the other. But I do know that anyone who aspires to be president of the United States needs to be prepared to make some tough decisions if elected. And, clearly, this falls into the category of difficult.

When he was president-elect, President Obama said, there can only be one president at a time and that President Bush was still the man in charge until Inauguration Day. Too bad Bush didn't feel the same way.


Technoid said...

You must have heard different words comming out of Cheney's mouth than I just did Gary. He said WHY they waited and it doesn't match what you are saying. I guess you know what they were really thinking, huh? Dang you are good!

Anonymous said...

I agree with Technoid . Words have been twisted here==twisted once again.

Lonesome Dove said...

Would the fabulously brilliant Nancy Pelosi, Barney Frank, Harry Reid and their ilk have heeded the warnings of President Bush any more than they did when warned about the imminent Mae/Freddie Mac debacle or would they have been shouted down again? I kind of doubt it; in fact, they probably would have tried to falsely bolster the confidence of GM's investors and the American public.

I don't get your point and can only imagine what you'd be saying about "lame duck" President Bush if he HAD "pulled the plug" on GM immediately before leaving office...

Since literally millions of (non-union) middle class working Americans long knew that GM was being driven into the ground and bankruptcy, why didn't the Anointed One share that vision with his liberal rocket scientist/economist/brain surgeon congressional leaders - BEFORE January 20th?

Debbie said...

Since when is it the job of the President to do anything about a car company? It's not the President's or Executive branch's right to make decisions with regard to private enterprise...oh wait, we live in Obamaland now - when Daddy President takes care of all the bad companies for us. It's amazing how quickly that mentality has taken hold - Gary, you're writing about something that wasn't the President's job and complaining that he didn't do it.

Gary Baumgarten said...

No Debbie.

I'm referring to Cheney's comment that Bush decided to leave this crisis for Obama to handle rather than address it himself.