Obama takes the stimulus debate to the East Room, GM to fund $1 billion Brazil operation with taxpayer bailout funds
Tonight, as President Barack Obama droned on for an hour about the merits of spending our way out of an economic crisis, cherry-picking mostly easy questions–Alex Rodriguez and steriods? Seriously?–from generally friendly reporters, and spitting out blatant misrepresentations–Japan, by the way, lost a whole decade because they DID try to spend their way out of a recession, not because they didn’t spend enough–slowly but surely those Americans willing to listen are being further apprised of some of the ways their hard-earned tax money is being used so far.
We know about Citigroup and the naming rights of the New York Mets’ ballpark. We know about the fun trips by AIG executives. We know about the planned weekend retreat in Vegas for Wells Fargo honchos. We know about the corporate jets for these banks. Now, we get to hear about the American automaker.
That’s right. Undoubtedly to avoid the union-related pitfalls of doing business as usual as an American automaker in the United States of America, General Motors will infuse $1 billion into expansion of its operations in Brazil — and will use money received from taxpayers, with our federal government as intermediary, to fund the infusion.
Jaime Ardila, president of GM Brazil-Mercosur, told the Latin American Herald Tribune that the money would be used to “complete the renovation of the line of products up to 2012,” and admitted that the funds were derived from the handout given by the United States government, part of the $13.4 billion provided for General Motors and Chrysler by the Bush White House, not through act of Congress. Another $4 billion would be available to GM this month if the remaining $350 billion in TARP money had not been released.
Gosh darn it, that money was earmarked for the very survival of our automakers. They came to Washington, D.C., first in their corporate jets and again in their latest hybrids in an attempt to manufacture a feeling of responsibility. This was for survival. This was we-won’t-be-able-to-operate-without-it money. This was for bill-paying, for the ability to honor pension and benefit obligations, not for infusion into the Brazilian economy, not for the creation of Brazilian jobs.
What we need to realize in this country, before we once again cast aside free-market principles, is that these companies, from the banks to the automakers and beyond, are failing for a reason. In the case of the automakers, they are failing in large part because of union influence, because it costs an American automaker almost twice as much to pay a unionized American worker than it does a Japanese automaker in America to pay a non-unionized American worker. The entire union approach and scope of union influence must be analyzed before we tread further down the road to socialism, just as all downhill consequences must be measured and weighed for each and every other handout.
This whole culture of lifting a hand for an easy handout instead of rolling up the sleeves and doing what comes difficult must stop now. This isn’t a game anymore and, with each passing day, it is becoming more and more obvious that the only people who take this issue seriously are the very Americans who have been watching the erosion of their country and are preparing to bear the weighty burden of their future.
Barack Obama and the Democrats are delusional. The same people who chastised former President George W. Bush for reminding people about the threat of radical Islam in order to foster the passage of appropriations bills now use fear of perpetual recession to hastily compel unnecessary, unpopular, and potentially dangerous action. Worse yet, the president tonight did so with the use of outright lies. No pork or pet projects in this bill, Mr. President? That’s a lie. Bipartisan approach? Also a lie. All of a sudden, we’re going to have oversight? Another lie.
Stop it. Stop it now. We see what is happening with our money, and we do not like it. Why else do our elected officials feel it necessary to take the telephones off the hook? Why else did you pick and choose questions about steroids and criminal investigations of George W. Bush in tonight’s Stimulus Eve press conference rather than address the pet projects, one by one? We hear politicians like Barney Frank and Joseph Biden explain that it’s the people that are the problem, or that the voters simply do not understand what’s good for them.
This, Mr. President, is medicine that we simply do not need and do not want. And when we overdose, you and your party’s leadership should be prepared to take responsibility and reap the consequences.