Conservative? Donald Trump supported auto bailouts in 2008

Although Donald Trump is trying to re-invent himself as a conservative for a possible bid for president in 2012, reminders of his prior support for Democrats and big government polices keep adding up. The latest: The Donald supported the auto bailout in 2008.

“I think the government should stand behind them 100 percent,” Trump told Fox News’ Neil Cavuto nearly three years ago. “You cannot lose the auto companies. They’re great. They make wonderful products.”

Faced with crushing debts caused by poor management and high labor costs, GM and Chrysler requested federal assistance to keep the firms afloat, and were granted a $25 billion loan in the fall of 2008. President George Bush then secured more than $17 billion for the companies.

This occurred months before the birth of the Tea Party, but conservatives were outraged.

Not Trump. A longtime advocate of sweetheart deals between corporation and state, the real-estate developer went all in for the deal.

“[Y]ou have to try and save the companies,” Trump said in a separate 2008 Fox News interview. “And I think you can easily save the companies.”

The Club for Growth, a free-market advocacy group that opposed the bailouts, blasted out a statement Wednesday knocking Trump for his support for bailouts over bankruptcy, and cited that the real-estate mogul had succesfully filed for bankruptcy himself four times in the past 20 years.

“If there’s anyone who should know the value of filing for bankruptcy, it’s Donald Trump. He should have known that the $13.4 billion government bailout of the auto industry just put off the inevitable while putting taxpayers at risk,” said Club for Growth President Chris Chocola. “Bailouts and nationalizing whole industries can cripple free markets and has hampered our economic recovery. We need our next President to understand that economic freedom leads to growth and prosperity for all, and that the government should never be in the business of picking winners and losers.”

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  • loudog

    Glenn Beck, “The “REAL STORY” is the $700 billion that you`re hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it.

    Sarah Palin, Going Rogue, “The House of Representatives rejected a Bush-backed economic bailout plan in a vote in which two-thirds of Republicans voted no. The impression this made on the electorate was not helpful to our cause.”

    on the bailout vote: “thanks to John McCain’s bipartisan efforts that he was so instrumental in bringing folks together over this past week, even suspending his own campaign to make sure he was putting excessive politics aside and putting the country first.”

    Paul Ryan voted in favor of the $700 billion TARP bailout for Wall Street and the auto bailouts and the taxes on AIG bonuses.

    Former presidential candidate and governor Mitt Romney (R-MA) stood up to conservative critics of Secretary of Treasury Hank Paulson’s bailout plan, saying it was the right thing to do given the information that was available in September.

    Everyone was for it before they were against it, right about the time a Democrat won a presidential election.

  • GeniousIQ

    Any of you ever consider that Trump WANTS Obama to be reelected and that’s why he’s making this birther stuff a huge issue again? Most republican candidates realize it’s a losing issue and would prefer it go away- yet Trump is making sure it sticks around.

    • cja23

      It sounds like a plan to me – don’t trust Trump at all.

    • TommyV

      I can’t wait to read Corsi’s book,…..what about you genious? Oh I forgot….you probably can’t read.

      I bet it goes to number 1 and if it does what do you think of Odumbo’s chances in 2012….can anyone say toast ;)!!

      • oceana

        I can….”TOAST”……..as in Throw-in-the-Garbage-Burnt-Toast !

    • jjsmithers

      Sure, that’s why Trump is calling Obama the worst President ever– he knows the public will believe the opposite of whatever he says, and will understand that Obama is really the best President ever.

      And if Trump runs, he will try to win the Republican nomination so that he can stand on stage and intentionally lose the debate– so that Obama is re-elected.

      It is nitwits like you, who spell genius with an “o” in it, that make these comment forums such a fun place. It is hard to run into your level of vapid, mind-numbingly stupid people every day– they are a bit rare (Thankfully). But you– you are here every day– it is sort of like going to the zoo for us, because we know you will be here.