From Talking Points Memo:
This is one more indication--I have published other accounts in previous months--that Rick Perry was wrong about the bailout of the automobile industry, as he was wrong about the bailout of the financial industry. Not that it will do Kay Bailey Hutchison any good. Perry built his victory over Hutchison on her bailout votes. She was right, he was wrong. But he is governor, and she is playing out the string of her political career. The first four paragraphs of the story follow:
Could Republicans be in for a hard time next year now that the auto industry is struggling back to its feet? Democrats say yes. On a Tuesday morning conference call with reporters, former Democratic Govs. Jennifer Granholm (MI) and Ted Strickland (OH) said voters in their states are enjoying thousands of new jobs thanks to the auto industry bailout Republicans (these days, anyway) love to hate.
And with Chrysler completing its repayment of $7.6 billion in federal loans six years early, Democrats say the Republicans running for president -- all of whom slammed the bailout program, they say -- have found themselves on the wrong side on what has turned out to be a successful jobs program.
"Midwestern families would have been left out in the cold: no job, no income, no industry" if Republican bailout foes had their way, Granholm said. "And these voters are not going to forget it."
The Democrats on the call had a field day reminiscing about Mitt Romney's 2008 New York Times op-ed, "Let Detroit Go Bankrupt," in which the frontrunner for the 2012 Republican presidential nomination said American automakers would be on a "suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses" if a bailout plan went ahead.
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Perry's luck holds again. The bailout worked, so no one will remember that he was on the wrong side. Except KBH, that is. One of these days, his ideology is going to catch up to him.
- 1 week