Top Republican calls Obama’s General Motors plans “lunacy”

House Republican Leader John Boehner is not a fan of President Obama plans for General Motors. In fact, he calls them “lunacy.”

“When the government got involved with helping Chrysler in the late 1970’s,” Boehner noted, “there were hearings, there were oversight hearings afterward and we ought to have the same thing happen here.”

Boehner seems justifiably upset that Obama’s hand will exert too much unfettered control over the new GM.

“…one only has to look at what happened several weeks ago when the government basically coerced the auto companies to stand there and agree to a CAFE (corporate average fuel economy) standard that cannot be met unless the auto companies force Americans to buy cars that they don’t want to buy.”

“This is lunacy! And all of this is going to get stuck on the backs of middle-class taxpayers,” Boehner continued. “Not only are they going to have to pay for the [auto] bailout, but they’re going to pay much higher prices for these cars they don’t want to buy because of the mandates that are coming from the government.”

As we recall, central planning didn’t work out too well in the old Soviet Union. But Barack Obama gives a much better speech than Joe Stalin and that makes all the difference in the world.

Source: CNSnews.com