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Edited on Thu Jun-11-09 07:19 PM by RollWithIt
http://apnews.excite.com/article/20090612/D98OPN180.htmlWASHINGTON (AP) - The No. 2 Republican in the House on Thursday compared President Barack Obama's plans for the auto industry to the policies of Russian Prime Minister Vladimir Putin, saying the White House has stripped credit holders of rights and given them to Democratic allies.
"They said, 'Set aside the rule of law, let's strip secured creditors, bondholders, of their rights. Take them away outside of the bankruptcy process and give them to the political cronies and the auto workers' unions," Rep. Eric Cantor, R-Va., said in an interview with The Associated Press.
"It's almost like looking at Putin's Russia," added Cantor, the GOP's House whip. "You want to reward your political friends at the expense of the certainty of law?"
The Obama administration this week set bonus limits on companies that have received billions of dollars in federal bailout money and appointed a "special master" with power to reject pay plans he deems excessive.Except Cantor offers no alternative. Because he knows that the options were to liquidate an entire American enterprise, put hundreds of thousands out on the street, or do exactly what we did. It's a complete joke of an argument, meant only to inflame a terrible situation that OBAMA INHERITED.
It's odd, because the entire Republican Party has been reduced to a "Lunatic Fringe." They were historically good at working the Suburban Indendents and now they're only good about pleasing a bunch of maniacs.
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