Meddling with Unacceptable Speculators

Conn Carroll / May 01, 2009

“I want to disabuse people of this notion that somehow we enjoy, you know, meddling in the private sector.” – President Barack Obama, April 29, 2009

“After consulting with my auto task force, industry experts, and financial advisors, I decided to give Chrysler and Fiat 30 days to reach an agreement. The standard I set was high: I challenged them to design a plan that would protect American jobs, American taxpayers, and the future of a great American car company.” – President Barack Obama, April 30, 2009

It is quite audacious of President Obama to declare he does not enjoy meddling in the private sector one day, and then boast about personally saving “a great American car company” the next. But Obama did not stop there. He then went on to question the patriotism of those “speculators” who defied White House management of the auto industry: (more…)