Friday, December 24, 2010

How's That For a "Government Takeover"?

What I'd really like for Christmas is for the shameless and unsubstantiated right-wing lies about "government takeovers" of seemingly everything will start falling on deaf ears. Seriously, it's stunning how oblivious a large chunk of the public is about the reality of these things. As the "tea party" crowd heaps lie upon lie about nationalizing GM or banks, it stuns me how few people realize that these government loans are being paid back with interest. I certainly agree that he government taking ownership stakes in private companies is less than ideal, but surely any sensible person can see these were exceptional (i.e. exceptionally bad) circumstances. More to the point, what was the preferable alternative to the government bail-out of GM? The Obama administration has taken so much flack for not paying enough attention to the dire employment situation, that it's beyond offensive that hose same critics turn around and criticize a measure that clearly saved jobs - ascribing political motives because many of those jobs were in a union that tends to lean Democratic. On reflection, the driving force behind this is actually quite simple. If the right wing pundits actually had an honest debate on the facts, they'd lose. Merry Christmas, America!

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