Mourdock tried to thwart the Chrysler/Fiat merger, saying it perverted two centuries of bankruptcy law, with the U.S. Supreme Court rejecting the case. Daniels characterized the bailouts as “good money chasing the bad” while GM was in the “handout business.”
Republicans such as former U.S. Rep. Mark Souder, with the Fort Wayne GM plant in his district, reluctantly backed the deal. “As long as they have a fighting chance, I’m willing to give them a fighting chance,” Souder said at the time.
In times of crisis, American presidents have made tough calls, ranging from Lincoln’s suspension of habeas corpus, to FDR’s misguided internment of Japanese-Americans. The have also leaned on our steel and production. During World War II, the auto industry became the “arsenal of democracy.” And it will still be with us in the future
The payoff for Obama on this particular issue will come in the history books and his second term decision to increase fuel use levels to over 50 mpg within the decade, even though he lost Indiana to Mitt Romney in 2012 with only 42.4% of the vote.
The columnist publishes at www.howeypolitics.com. Find him on Twitter @hwypol.