From Friday night’s Fox News All-Stars.
On President Obama’s boast that the auto bailout created thousands of jobs:
Anybody can create the jobs if you give them $50 billion. The question is, can you create products that people are going to want to buy? …
The Chevy Volt is a disaster. It’s extremely expensive. Every time you buy it the purchaser has to pay $41,000, and then added on to that will be a federal government subsidy of $7,500, so it’s a $50,000 car.
The only people who will buy it are going to be very rich people who will park it outside their townhouse for ostentatious show of how virtuous they are — while they drive around in their Cadillac Escalade.
If this is how a publicly run big corporation operates, it‘s going to be a disaster. This is a classic example of what happens when the political and ideological desires of an administration are imposed on a private company. That’s how the Soviets worked it with the Five-Year Plans and it didn’t work.
It’s not how many jobs you create or even save, it’s can you sell a product in the market that will make a profit? Otherwise it’s a farce.
On the leaked memo suggesting there might be an effort at a backdoor amnesty plan:
It is just a bad idea and bad politics. It’s lawless. These are people who are appointed people in the administration deciding because Congress hasn’t enacted a law it wants enacted, it will do it by creating or finding loopholes in existing law.
It is like the administration, which was not able to get approval by Congress for cap-and-trade or carbon tax, and having the EPA do it by itself. That’s not the way the Constitution says our government runs. The laws are done by Congress. The administration is supposed to administer.
On Obama’s statement suggesting that Charlie Rangel should retire with dignity:
The statement the president made is a rather strong invitation to walk the plank.