Steve Benen: In 2009, with the American automotive industry on the verge of collapse, and with at least a million American jobs on the line, President Obama unveiled a rescue strategy. John Boehner, like the rest of his party, predicted the policy would fail miserably. Two years later, we now know Obama was right and Boehner and the GOP were wrong. It takes a mature and responsible adult to admit when he’s wrong. It takes a Republican leader to screw up the same fight twice:
…Speaker of the House John Boehner (R-OH) would rather have seen those jobs disappear … “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.”
….President Obama: “Today, each of the Big Three automakers – Chrysler, GM, and Ford – is turning a profit for the first time since 2004. Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency – and it repaid that money six years ahead of schedule…. all three American automakers are now adding shifts and creating jobs at the strongest rate since the 1990s…. That’s remarkable when you think about where we were just a couple of years ago.”
If you have America’s best interests at heart, and you consider these developments “nothing to celebrate,” then maybe your celebratory standards are in need of revision….
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