Remember when, from CNBC to Rush Limbaugh, the chant from the right was
how evil the General Motors policy was? They called it Government
Motors. They called it socialism. They called it liberal big government.
And then: They gobbled IPO shares in the new GM stock. They applauded GM sales and earnings. They praised the new jobs GM created. They appeared on CNBC to discuss the great GM comeback.
On this matter, let’s give credit to President Obama, his auto czar Steven Ratner, the Democrats in Congress and the labor unions that supported the policy!
Would voters prefer the party that seeks to destroy Medicare, or the party that saved the American auto industry? The Republicans call it Government Motors. I call it an American success story.