Wednesday, March 04, 2009

GOP splits with big business

Politico reports:
In the midst of a deepening economic recession, the Republican Party is turning a cold shoulder to one of its closest allies: business.

When the Obama administration announced last week that it would come to the rescue of Citigroup, Rep. Tom Price (R-Ga.) denounced the move as “corporate welfare.”

House Republican Conference Chairman Mike Pence (R-Ind.) said this weekend that “bailing out every failing business in America means [that] we’re burying generations under a mountain range of debt.”
You'll want to read this one.