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McKeon flips off the middle class

Posted: December 23, 2008 7:04 p.m.
Updated: December 24, 2008 4:59 a.m.
 
Congressman Howard "Buck" McKeon voted for the $700 billion bailout for Wall Street. But he voted against the $14 billion bailout for the auto industry.

So let me see if I get this straight.

Former businessman McKeon is in favor of giving taxpayer dollars to multi-millionaires who gambled and lost in the financial markets, but turns a cold shoulder to middle-class Americans struggling to hang on to their jobs and support their families.

Of course, no one thinks the auto bailout is a perfect piece of legislation. It's a stop-gap measure meant to help American auto makers survive long enough for the Obama administration to find a better solution next year.

But those 2 million to 3 million auto industry jobs are worth saving. Letting GM, Chrysler and Ford collapse would send shockwaves through our devastated economy. Apparently Buck isn't satisfied with the current
Republican recession. He's willing to drive us into another depression.

Auto workers are not responsible for the collapse of the auto industry. Consumers have stopped buying cars because they can't get credit. They can't get credit because the banks won't loan. The banks won't loan because they don't trust each other. They don't trust each other because no one understands the shadow banking system.

No one understands the shadow banking system because of deregulation. Deregulation is the result of ... guys like McKeon.

McKeon voted in favor of socialism for the rich. But he won't lend a hand to hard-working Americans. Once again, Buck gives the middle class the middle finger.

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