Dept of Valedictions: It's Herbert Hoover Time! or, Even Dick Cheney is Sometimes Right

Via HuffPost:

Senate Republicans' dramatic revolt against a White House-backed auto industry rescue plan is fraught with political risk.

While the high-stakes gambit places them squarely within the mainstream of anti-bailout public sentiment, at the same time it exposes the party to potentially devastating criticism that its failure to compromise doomed the Big Three automakers and deepened the economic recession....

That was the message Vice President Dick Cheney brought to a closed-door Senate GOP lunch Wednesday, reportedly warning that it'll be "Herbert Hoover" time if aid to the industry was rejected, according to a senator familiar with the remarks. A Cheney spokeswoman would neither confirm nor deny the vice president's remarks.  (Politico)

This is Dick Cheney.  And so we'll take that as a "He totally said that."

For serious commentary on this extremely serious matter, see Robert L. Borosage  and Hale Bonddad Stewart, who says:  "The Republicans want a depression."

This is without a doubt one of the most insane gambits possible...And yet, at a time when the US economy cannot withstand another shock the Republicans have decided that is exactly what they want to do. Instead of helping Detroit out the Republicans have decided to screw the country in the name of ideology....

As I mentioned above the situation is pretty simple: the US economy cannot take the shock of a GM and/or Chrysler bankruptcy. It's just not in the cards. And yet, that's exactly what these idiots are proposing because in their esteemed judgment that's what is best for these companies and the country. Remind me again why people think Republicans are good with economics?

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