I guess McCain really is giving up on winning Michigan. I’m sure having one of your advisors tell Reuters that the government can’t save the automotive industry isn’t going to win over a lot of Michigan voters:
“I don’t think the government can rescue the industry,” Carly Fiorina, former chief executive of Hewlett-Packard Corp, told Reuters at an event in suburban Detroit.
“Whatever the government does, it should not take away the fundamentals of risk-taking. Sometimes it leads to rewards and sometimes consequences, downside,” she said. “In other words, the auto industry cannot be saved from its own bad bets.”
Fiorina also said it remained an open question whether the U.S. auto industry needed aid beyond the $25 billion of low-interest loans already approved by the Bush administration and said any additional aid “depends on the particulars of the circumstance.”
I wouldn’t have a problem with that argument except that McCain voted for the $700 billion Wall Street bailout. Apparently rich investment bankers are something the Government should save from their own bad bets, but rich automotive executives aren’t. Which group do you think employs more middle class workers? What does that tell you about who John McCain’s campaign thinks should be getting government help?