|Stuck on Jeeps -- But what about Jobs?|
Instead of badgering automobile CEOs with feckless correspondence, Mr. Waxman ought to apologize for his gross ignorance regarding the staggering bankruptcy which the Chrysler corporation endured a few years ago. When pressed on his recollection in connection with one of the largest corporate bankruptcies in US History by Congressman Mike Mulvaney, the LA Congressman winced that he was not aware of the huge restructuring that took place, a massive market correction which the national press at great length in part because entrepreneur, corporate savior, and retired CEO Lee Iaccoca lost his pension as a part of the bankruptcy restructuring.
Of course, Mr. Waxman has no qualms about the federal government raiding the public workers' pension ofIndiana in order to assist with the UAW's pet-corporation GM (buying votes for a loyal Democratic constituency. . .For details, please visit http://waxmanwatch.blogspot.com/2012/07/waxmans-bewilderment-over-fate-of.html)
Instead of getting wobbly about jeeps, Mr. Waxman ought to be shaking because ever since President Obama took office, ever since the forced -- and some case, fudged -- passage of Waxman's signature bill ObamaCare, the United States has endured four years of anemic economic growth, with even less commensurate job growth, the numbers of which are dwindling considerably this year.
Instead of targeting job creators like Chrysler Mr. Waxman ought to apologize for a stimulus that did not stimulate, a Cap and Trade bill which took up time and energy in the House, when the country wanted debt reduction and tax cuts.
Mr. Waxman needed to spend less time overseeing the use of steroids in baseball and more time removing government micromanaging over private enterprise. The entire nation is wobbling beneath the frayed pillars of excessive borrowing and spending, yet Mr. Waxman is still wobbly when it comes to defining the difference between a "recession" or a "depression".
Mr. Waxman stands at best a "wobbly" chance of getting reelected in a newly-designed 33rd Congressional district, one which caters to a widely diverse and divergent community of constituents who prize limited government and less intrusion, two elements of constitutional rule with which Mr. Waxman has at best "wobbly" experience.