Years from now, when all the Bush-haters are drooling in nursing homes and historians weigh in on my legacy, I think they will recognize the deal I just cut with U.S. car makers was a historic one. The historians, not the droolers.
I got them to take my $17.4 billion loan! Instead of the other way around.
Usually, when you walk into a car dealer and agree to buy that nifty Chrysler LeBaron with the velour seat covers, the process has just started.
First, they want you to finance it with them. Don't do it! You can get a better deal at your credit union.
Then, they try to sell you rustproofing, or an extended warranty, or some kind of clapper in case you lose your keys. Just say no!
Remember--you just did them a favor. If you didn't buy that car, they wouldn't hit their monthly quota.
That's why I played hardball with Detroit. I made them take my financing. I sold them rustproofing, satellite radio and a hard-shell Turtle Wax coating that resists dings in parking lots! That's something every American family can hand down to their grandchildren.
But that's not all--you know what else I got for the American people?
I made them throw in the floor mats. Let's see Obama top that!