U.S. Senator Jim Bunning of Kentucky says the Obama administration is getting too involved in the daily operations of General Motors and Chrysler.
President Obama is giving the automakers another infusion of cash and a new deadine to come up with a more aggressive restructuring plan.
Bunning says the companies should go ahead and file for organized bankruptcy and the government should let them work out their own problems.
“It’s a series of picking winners and losers without General Motors and Chrysler having one thing to say about it. nothing, they have nothing to say about it. Now if you think that isn’t socialism, there’s something the matter with you,” Bunning told reporters today.
During his weekly conference call today (Tuesday), Bunning also criticized the federal budget proposal, calling it fiscally irresponsible.