Republican Representative Eric Cantor of Virginia took the floor to argue against the bill. He asked why Congress should invest public dollars in GM and Chrysler when private investors were unwilling to put their money in those companies.
As Madville.com writes,
Cantor’s argument is free market fundamentalism at its finest: if the free market says die, let it die. And for the most part, when it comes to these greedy, mismanaged, short-sighted corporations, I agree. Workers and homeowners have to live and die by the market; why not corporations?
House Minority Whip Eric Cantor, R-Va., was able to sum up the GOP position in a sentence.
“I can’t think of anything more nonsensical than replacing those in Detroit who have not been able to make a success out of the auto companies and replace them with bureaucrats who are subject to the whim of the politicians here in Washington,” he said.