Was GM bankruptcy a set up for Obama? Cheney says it was.

[deminks]

http://thinkprogress.org/2009/06/03/cheney-bush-gm/

Last night on Fox News, Vice President Cheney admitted that the Bush administration deliberately decided to pass the buck on GM and let President Obama deal with the problem. Cheney admitted that he thought the “right outcome was going to be bankruptcy,” but that President Bush didn’t want to “be the one who pulled the plug.” Instead, the Bush administration put together a costly auto bailout to stem the tide until President Obama took office:

CHENEY: Well, I thought that, eventually, the right outcome was going to be bankruptcy. … And the president decided that he did not want to be the one who pulled the plug just before he left office.

VAN SUSTEREN: Why?

CHENEY: Well, I think he felt, you know, these are big issues and he wouldn’t be there through the process of managing it, but in effect, would have sort of pulled the plug on GM and that was one of the first crises the new administration would have to deal with. So he put together a package that tided GM over until the new administration had a chance to look at it, decide what they wanted to do.

VAN SUSTEREN: But it’s cost us billions to get — I mean, you know —

CHENEY: It has. … And now the government owns a big chunk of General Motors. That bothers me. I don’t like having government own those kinds of major financial enterprises. I think it’s — it does damage to our long-term economic prospects when we get government involved in making those kinds of decisions.

(end snip)

So, set up the fail to happen under the new guy. The new guy takes appropriate action. The reich wing condemns the new guy for taking action.

I get it.

Either that, or Cheney is a legend in his own mind.

[aquart]

1. Bush bribed GM to shit in the other guy's yard?

[customerserviceguy]

4. Bush did enough CPR on GM

to make sure that they "called code" during the Obama Administration.

He really would have loved to have pulled the plug on GM and Chrysler back in December, but his advisors told him to let Obama do it.

[OneGrassRoot]

2. Is it my imagination, or is he slamming W every chance he can get? n/t

[babylonsister]

6. He reminds me of idiot son. Neither knows how to take

responsibility for their failures.

[KT2000]

7. Sounds like it to me

It also sounds like he wants us to know how much weight he pulled around there but then again - what failures he is not responsible for.

[Kdillard]

3. Not surprised. What haven't they left for Obama to clean up?

[Kokonoe]

5. Obama was going to save GM.

The problem was that GM would not go bankrupt fast enough and die before shrub left office.

Hence W. steps in against his will, lest Obama would get credit for saving GM.

[spanone]

8. i wish the dems would sick a fucking bulldog on cheney and push back on this prick

[tabatha]

9. Well, what he is saying is that

the government intervened to keep GM from failing, but the government under Obama cannot do anything regarding GM?

Does he realize how stupid he sounds.