GM sinks Bush legacy even deeper

The Washington Times Weekly - - Letters To The Editor -

One of the last and most fool­ish acts com­mit­ted by for­mer Pres­i­dent Ge­orge W. Bush was to send bil­lions of dol­lars of tax­payer money to Gen­eral Motors Corp. in or­der to keep the sink­ing au­tomaker afloat a while longer.

Nearly ev­ery Repub­li­can in Congress warned Mr. Bush that send­ing ad­di­tional funds to Detroit was “good money chas­ing bad.” Every­one but Mr. Bush knew that those bil­lions would not be enough to save Gen­eral Motors and that there was vir­tu­ally no chance that any of the so-called “loans” would be re­paid.

It should come as no great sur­prise, then, that Gen­eral Motors is, in fact, on the cusp of bank­ruptcy and the Amer­i­can peo­ple are about to be left hold- ing the bag for an­other Bush mis­take, this one to the tune of $13 bil­lion.

Ac­cord­ing to news re­ports, “Gen­eral Motors Corp.’s au­di­tors have raised ‘sub­stan­tial doubt’ about the trou­bled au­tomaker’s abil­ity to con­tinue op­er­a­tions, and the com­pany said it may have to seek bank­ruptcy pro­tec­tion if it can’t ex­e­cute a huge re­struc­tur­ing plan.

Once again, the legacy of Ge­orge W. Bush as the “worst pres­i­dent in U.S. his­tory” has been con­firmed.

Even more tragic is the fact that Mr. Bush’s failed pres­i­dency con­tin­ues to give “cover” to the lib­eral ad­min­is­tra­tion and Congress now in power in Wash­ing­ton. John W. Lillpop San Jose, Cal­i­for­nia

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