I am responding to a recent letter which attacked the Republican Party, supports the GM bailout and Obamacare. To begin with, Ford did not need or accept any bailout from the government. We should support them for this success.
Government Motors has survived, as a result of the bailout. But, at what expense to the taxpayer? Many reports still suggest that we, the taxpayers, have currently lost $10 billion because much of our payback is in the form of low-valued stock. If GM had been allowed to restructure, could our loss have been less? We will never know, but $10 billion pays for a lot of other programs across the USA.
Finally, some are say that Obamacare ‘is going to work’. Apparently, you are blessed with great health and do not require the usage of our health-care system. If you speak to most who work in it, you will hear another tune entirely. Save your attacks unless they are supported by facts.
— Dawn Davis, Spencerville