Jun 5, 2009

GM takeover could be GOP election weapon

A Washington Times report speculates that Republicans plan to use the government takeover of General Motors Corp. as ammunition in their bid to defeat congressional Democrats next year.

It will probably work as evidenced by the apparent dislike of government intrusion into the business world by a large number of Americans.

Republicans plan to use the government takeover of General Motors Corp. as ammunition in their bid to defeat congressional Democrats next year, saying its a glaring example of big government intrusion into the marketplace that will rankle average voters.

They said the bankruptcy arrangement, which President Obama announced at the White House on Monday, is doomed to entangle politicians in business decisions that are outside their expertise.

More importantly, voters understand that politicians are making business decisions that are beyond their authority.

Paul Lindsay, a spokesman for House Republicans' campaign arm, the National Republican Congressional Committee said, "Having to defend such drastic government intervention paid for with reckless spending and bailouts is not an enviable position for many of these Democrats to be in next year."

Many Americans will say, ''There goes some of my tax money'' when they see a new GM vehicle driving down the road.

Others will say, “first I had to pay my neighbor's mortgage. Now I get to pay for his car as well.”

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