Showing posts with label Hugh Hewitt. Show all posts
Showing posts with label Hugh Hewitt. Show all posts

Monday, June 15, 2009

Should Conservatives Boycott GM and Chrysler?

President Obama has flaunted the intent of bankruptcy law and trampled on the rights of bondholders and dealers in his quest to save the UAW. The government will now hold 60% of GM and a significant portion of Chrysler stock. Obama has practically nationalized GM. Is it time for Conservatives and Libertarians to boycott GM and Chrysler?
The Detroit News reported:
Washington -- A pair of right-wing radio hosts says there's only one choice for conservatives angry about government involvement in the auto industry: Boycott GM.

"Nobody wants to support an Obama company," Rush Limbaugh told his audience Friday, citing a poll showing that 17 percent of Americans backed a boycott of GM.

"Every dollar spent with GM is a dollar spent against free enterprise," conservative talker Hugh Hewitt wrote online last week.

Conservatives in Congress and elsewhere have criticized the federally sponsored restructuring plan GM will seek to execute in bankruptcy court.

The plan would give the federal government a 60 percent ownership stake in the company; lawmakers such as Sen. Richard Shelby, R-Ala., have labeled that socialism.

The popular, controversial Limbaugh didn't outright call for a boycott, but said he understood why people would want to avoid GM vehicles. "They don't want to patronize Obama. They don't want to do anything to make Obama's policies work."

A GM spokesman declined to comment Monday.