6/09/2009

More rewriting history by Obama administration

Austan Goolsbee steps in it again.

Austan Goolsbee, an Obama economic adviser, sparked the back and forth when he said Sunday that President George W. Bush had done little to force GM's turnaround, except give the automaker money.
"When George Bush put money into General Motors, almost explicitly with the purpose -- how many dollars do they need to stay alive until Jan. 20th, 2009 -- there was no commitment to restructuring, to making these viable enterprises of any kind," Goolsbee told "Fox News Sunday."
"I don't know why the Bush administration simply handed them money and shoved the problem onto the next guy."
But former White House spokeswoman Dana Perino noted Sunday in Politico that president-elect Barack Obama had endorsed the decision of Bush in late December to bail out GM and Chrysler with $17.4 billion in emergency loans.
Perino said if Obama hadn't wanted Bush to offer automakers money, they likely wouldn't have gotten it.
"If the Obama transition team had not wanted us to provide breathing space for the automakers -- with an express condition of future proven viability -- they should have said so at the time, and those concerns would have been given considerable weight and may have changed the outcome," Perino wrote.
The White House had no comment Monday.

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