SEARCH BLOG: AUTOMOBILES
I'd have said it, but Thaddeus McCotter said it first in this email I received from his office last night:
Why stop with the Wall Street guys? How about the dimwads in Congress who helped push through "social justice" mortgages that became toxic?
Washington, D.C. – Representative Thaddeus McCotter (R-MI), Chairman of Republican House Policy Committee and the only Republican member from Michigan on Financial Services Committee, is available for comment on the resignation of GM CEO Rick Wagoner and the continued restructuring of the auto industry.
“Detroit is a last bastion of honor. Earlier this week, the President and the Treasury Secretary met with the Wall Street Chieftains who crashed our credit markets and dragged us to the precipice of a global depression. The White house pledged to work with these Wall Street CEOs who, even now, defend their bonus packages.
“Now, Mr. Wagoner has been asked to resign as a political offering despite his having led GM’s painful restructuring to date. Mr. Wagoner has honorably resigned for the sake of his company’s working families. When will the Wall Street CEO’s receiving TARP funds summon the honor to resign? Will this White House ever bother to raise the issue? I doubt it.”
Barney, you can just leave your letter at the receptionist's desk.
UPDATE VIDEO FROM FOX NEWS: