Republicans are in a pretty tough spot when it comes to attacking President Obama over his handling of General Motors and Chrysler. Down the road, of course, if all of this doesn't work out, they'll have plenty of ammo, but for now he's basically doing what Americans want to see anyway, and he's come off pretty well in the process.
Unfortunately for the GOP, it's not doing much with its limited opportunities. Witness a new Web video released Monday by the Republican National Committee that goes after Obama for the GM bankruptcy. It's largely a rehash of old socialism arguments, which haven't gotten the opposition very far up to now, and it really fails to land any blows on the president. The same goes for an accompanying statement by RNC Chair Michael Steele:
No matter how much the President spins GM's bankruptcy as good for the economy, it is nothing more than another government grab of a private company and another handout to the union cronies who helped bankroll his presidential campaign. President Obama will now own 60 percent of GM, and his union buddies will own almost 20 percent. And what do the taxpayers get? They'll get stuck with up to a $50 billion tab for the taxpayer dollars Obama is using to pay for his takeover of GM. Americans shouldn't be fooled. This is the real 'change' President Obama has in mind for America - government ownership of our economy financed with irresponsible and reckless government spending and debt and no jobs to show for it. This is a very sad day for the autoworkers and their families whose financial well-being will be directly affected by this clear act of an overreaching UAW and overbearing government.