The auto Industry bailout worked. GM, Ford, and Chrysler are all doing well. Thousands of men and women are at work building cars; Detroit and the state of Michigan have benefited, and suppliers and dealers across America owe their livelihood to the bailout. The government has been repaid for its faith in the American auto industry. We should all be happy.
Romney, Santorum, Gingrich, and Paul have all been attacking the bailout, and in spite of the clear success of the program, these attacks are succeeding. In February a Gallup poll posed this question: “Do you approve of the auto bailout?”
Ready for the answer? 51 percent said no; 44% said yes. Republicans disapproved by 73%. So three out of four Republicans wanted hundreds of thousands of Americans to be unemployed, three major companies to go bankrupt, and the American auto industry destroyed because of their ideological rigidity.
Grandma Wingo (a real person from Elsinore, Missouri) used to say, “A Republican can’t enjoy a meal unless he knows that somewhere someone else is starving.” That 73% figure says she was right.
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