U.S. CONGRESSMAN PAUL C. BROUN, M.D. 10th Congressional District of Georgia

image image image image image image
Blog // Blog
Polls Show Americans Growing Tired of Obamanomics
Posted by on May 28, 2009

CNBC Newsflash: The government's stake in the company originally was to be 50 percent, according to GM's regulatory filings. But it now could be as high as 69 percent. The Canadian government also could get equity for up to $8 billion in aid for the automaker.

As the federal government becomes more and more involved the economy, while mortgaging our children and grandchildren’s future, many Americans are calling for a stop – or at least a slow down – of the Steamroller of Socialism.

“With Chrysler LLC in bankruptcy proceedings and General Motors Corp. apparently ready to follow suit, 42 percent of poll respondents say Obama's role has hurt the domestic automakers while 39 percent say he's been helpful. The poll's margin of error is plus or minus 4 percentage points.

Under pressure from the federal government, GM will close 16 plants, the iconic Pontiac brand is disappearing and thousands of auto dealerships across the nation will shut their showrooms.

"The federal government is overstepping what it is supposed to be doing with private business," said Katrina Hopkins, 48, a stay-at-home mom from Pontiac who participated in the survey conducted last week by EPIC-MRA in Lansing. "The government helped to create the auto crisis."”
– The Detroit News, May 27, 2009

Comments
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
  • Joyce Loehr commented on 7/8/2009
    Stop this excessive spending. It is not right to burden our children and grandchildren with our obsessive spending. As individuals we live on a budget, the government should do it also.
Post a Comment
Fill out the fields below to submit a comment