GM Pays Back Government Loan 5 Years Early, Right-Wingers Wipe Egg from Faces
The Detroit Bureau reports that an idea seems to be picking up some cachet on the right-wing blogs and in talk radio: Fighting the “Government Motors” bailout by boycotting the company. Most of it so far is limited to relatively little-known writers, but two big names have picked up on it: Hugh Hewitt, who wants to save free enterprise — and Rush Limbaugh, who wants anything President Obama does to fail, and is urging his listeners to help push towards that goal. […]
“In the effort to reverse this lurch beyond the farthest left fringe of previous Democratic statist urges, individual Americans have a role to play. They have to say no to GM products and services until such time as the denationalization occurs,” says Hugh Hewitt.
Fallen giant General Motors Co. accelerated toward recovery Wednesday, announcing the repayment of $8.1 billion in U.S. and Canadian government loans five years ahead of schedule.
The Obama administration crowed about the “turnaround” at GM and fellow bailout recipient Chrysler LLC, saying the government’s unpopular rescue of Detroit’s automakers is paying off.
Paying off loans with interest? So capitalist. Why doesn’t GM just name their next hemp-powered car the Obamamobile in tribute?
Look, Obama should be crowing — but let’s not forget where all this “socialism” started.