Sunday, August 21, 2011

DEBT CRISIS DEFAULT - BUT NOT EXACTLY

Remember a couple of weeks ago when the Democrats said the Republicans were reckless by not passing President Obama's plan? A plan, by the way, that only existed in the mind of our President, because NOTHING was ever put on paper. Well it is time to go to the "Way Back" machine for this from March 3, 2009 when President Obama said this:
"Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."
That does not sound like President Obama was only talking in terms of from this day forward and yet consider the latest development at Government General Motors.
General Motors Co (GM.N) is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy.
So let us recap. The Democrats denounce Republicans for being reckless over not approving what they demanded, but were unwilling to put specifically on paper. While the Republican House presented 3 different plans, (2 of which passed the House) and a resolution by Michele Bachmann which would have reaquired payment of all legal debts. But the Democrats are not reckless when promises made to all General Motors purchasers that their warantee claims would be paid are not going to be honored. How does that add up?

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