America, You Asked For It!

Political News and Commentary from the Right

Senator Graham (R-SC) Statement on Automotive Bailout

Press Releasebush

WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina) today made this statement on President Bush’s plan to offer $17.4 billion to General Motors and Chrysler.

Graham said:

“I’m disappointed with President Bush’s decision in many respects. 

“I do not believe it’s appropriate to use the TARP (Troubled Asset Recovery Program) funds to bail out the automotive companies.  These funds were supposed to be used to stabilize financial institutions.  The TARP legislation would certainly not have passed it we had known it was going to be used for this purpose. 

“The plan announced by the President today will not lead to the necessary reforms which will make these companies profitable.  The only viable solution is for them to enter Chapter 11 reorganization. 

“There the companies would be able to renegotiate their labor and health costs to make them competitive in the global marketplace.  It would also allow the reorganization to be accomplished without political considerations.  Presidential or congressional restructuring will end up being a political exercise more so than a business exercise to make these companies profitable. 

“If we continue down this road, I expect this will be the first of many government payments to the Big 3 automotive companies.”

####

December 19, 2008 Posted by | Bailout | , , , , , , , , , , | Leave a comment

US Senator serves military duty in Afghanistan

By JASON STRAZIUSO, Associated Press Writer

Senator Lindsey Graham (R-SC)

Senator Lindsey Graham (R-SC)

KABUL, Afghanistan – The men around Lindsey Graham ignored his powerful political title — U.S. senator — and instead addressed him by rank — colonel.

Graham, a Republican from South Carolina and the only U.S. senator in the military’s Guard or Reserves, donned the Air Force’s camouflaged uniform for five days last week to serve in Kabul.

The senator enrolled in the ROTC in 1973 and has been in the Air Force Guard or Reserves as a military lawyer ever since. In Kabul, he worked with the staff of military lawyers at the U.S. base Camp Eggers. The office is helping to train military judges and defense lawyers, and to write Afghanistan‘s uniform code of military justice.

Graham said his experiences in the military taught him how difficult wartime deployments can be on families.

…(Read full article)

December 14, 2008 Posted by | Military | , , , , | Leave a comment