Buck McKeon voted for the $700 billion bailout for Wall Street.
But he voted against the $14 billion bailout for the auto industry.
So let me see if I get this straight...
Buck McKeon is in favor of giving taxpayer dollars to multi-millionaires who gambled and lost in the financial markets, but turns a cold shoulder to middle-class Americans struggling to hang on to their jobs and support their families.
Of course, no one thinks the auto bailout is a perfect piece of legislation. It's a stop-gap measure meant to help American automakers survive long enough for the Obama administration to find a better solution next year. But those 2-3 million auto industry jobs are worth saving. Letting GM, Chrysler, and Ford collapse would send shockwaves through our devastated economy.
Apparently Buck isn't satisfied with the current Republican recession. He's willing to drive us into another depression.
For what? A discredited ideology? Revenge against unions? Knee-jerk obstructionism?
What the hell is this man thinking?
Of course, former banker Buck McKeon
pretends to sympathize:
“Employers and families across America are struggling to meet their financial obligations and remain prosperous at a time when the economy has weakened to recession levels,” McKeon said. “The auto industry in particular has been hit by low consumer confidence and spending, which has in turn created a spiked decrease in automobile manufacturing. The consequences to a failed auto industry are dire, to be certain, based solely on the potential for job losses in a massive production environment. While it is clear something must be done to restructure the automobile industry, I don’t believe a taxpayer-funded bailout is the answer, so I voted against the bailout legislation.”
Crocodile tears.
Auto workers are not responsible for the collapse of the auto industry. Consumers have stopped buying cars because they can't get credit. They can't get credit because the banks won't loan. The banks won't loan because they don't trust each other. They don't trust each other because no one understands the shadow banking system. No one understands the shadow banking system because of deregulation. Deregulation is the result of...
...guys like Buck McKeon.
Buck McKeon voted in favor of socialism for the rich. But he won't lend a hand to hard-working Americans. Once again, Buck gives the middle class the middle finger.