Which ever way the wind blows, Mitt. Timothy Geithner has proven himself to be a friend of the Middle Class and repeatedly has been a force to contend with in a House of Representatives that can't tie their shoe laces. There is absolutely no way any President can provide complete focus to every problem the USA faces and for anyone to state so, is a liar.
...On June 1, 2009, General Motors filed for bankruptcy, (click here) backed by $30 billion in support from the federal government. The same day, in the same New York courthouse, a judge approved Chrysler’s plan to forge an alliance with Fiat and emerge from bankruptcy as a restructured business with an uncertain future.
Two years later, all three American automakers have returned to profitability, the industry has added new shifts and 115,000 jobs, and GM and Chrysler have returned more than 50 percent of the government’s investment. The industry is mounting one of the most improbable turnarounds in recent history.
This outcome was anything but assured. In December 2008, the industry faced the prospect of uncontrolled liquidations just as our financial system was reeling from the worst financial crisis since the Great Depression. President George W. Bush provided more than $17 billion in temporary loans to GM and Chrysler to avert that disaster, but those efforts, while important, were not enough. President Obama took office faced with an industry that was burning and had to determine whether additional government support made sense.
In a series of meetings in early 2009, the administration’s autos team sought to examine an interwoven web of options and to highlight the risks each entailed. The companies needed to make dramatic changes. Years of bad decisions had caused them to progressively lose market share to foreign competitors, and the financial crisis had dried up financing for almost everything, compounding the collapse in demand for vehicles. It was not clear whether there was a responsible way to put taxpayer dollars on the line in a way that helped ensure the companies emerged stronger, not weaker....
Representative Barney Frank recently revealed the ability of Romney to lie on nearly every issue before the electorate.
Representative Barney Frank recently revealed the ability of Romney to lie on nearly every issue before the electorate.
And finally I have to ask you about the Presidential race. (click here) Of course you’ve seen Mitt Romney first hand, he was governor of your state. What are your thoughts on the Republican race?
Well, any gay or lesbian person with any self-respect should not be voting for any of the Republicans, including Mitt Romney, who made the degrading comment in one of the recent debates about how he kept Massachusetts from being the Las Vegas of gay marriage, kind of cheapening this very profound thing for us.
This is a faker who in 1994, when he was trying to beat Ted Kennedy in a different era, said “Oh, I’ll be better than him on gay rights,” and of course he’s been outrageous. In fact in 2004, when the Massachusetts Supreme Court had ruled in favor of gay rights, there was an effort in the State Legislature to overturn it. Mitt Romney led a fight against a whole lot of legislators who had courageously voted with us to uphold gay marriage, and he tried very hard to defeat them....
