Bush ignores Congress…

…again. When Congress couldn’t come to terms on a bailout for the big three stooges, President Bush had to make sure it got done:

President George W. Bush’s decision to provide up to $17.4 billion in short-term loans should help General Motors Corp. and Chrysler LLC avoid a short-term cash crisis, but it will force them to dramatically change how they operate – or face bankruptcy.

No one should be surprised by this. The question is whether or not Obama will be inspired by this to continue the imperial presidency “for the good of the economy”. Your thoughts?

  • http://www.belowthebeltway.com Doug Mataconis

    George W. Bush, or as I now choose to refer to him, “The Worst President in my lifetime (and, yes, that includes Jimmy Carter”, has doomed us to a generation of state-corportism or, at the very least, a decade or more of 1990s Japan-style stagnation.

    The “conditions” he imposed are entirely phony and there is simply no way that Obama will allow those companies to go into a bankruptcy that, at this point, they wouldn’t be able to survive thanks to $ 14 billion in new liabilities to the Federal Government, would probably destroy them completely.

    Thanks a lot Mr. President, for eight years of absolutely nothing.

  • Paul

    What the hell… What does Bush know about economics, budgeting, the bailout details? Does he have any background knowledge of what’s going on?

    This is like Congress telling us what kids should be learning in school. It’s like your neighbor knowing what’s best for you. It’s like having the plumber fix your computer.