Bush ignores Congress…by Quincy
…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?