Monday, December 01, 2008
Blank checks are bad policy
I'm skeptical of giving a blank check to save GM and Ford, just as I was skeptical of giving one to save the financial industry or to fund the (continuing) Iraq Aggression. That said, I have a hard time understanding why many of the same legislators who are demanding the auto makers provide a viable plan before forking over TENS of billions of tax dollars refused to demand that Wall St. or Commander-in-Chief Bush produce a viable plan before forking over HUNDREDS of billions of tax dollars. Congress is right to expect some accountability from Detroit. It's too bad they don't demand any accountability from those who want far more.
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These people may need a bailout as well:
http://www.nypost.com/pagesixmag/issues/20081123/Desperately%20Seeking%20Sugar%20Daddies
This GM bailout is all about killing the unions. Give $3,333.00 for every American of every age to Wall Street scumbag speculators. Do it after no debate and two days of the media saying "OH MY GOD! WE HAVE TO DO IT! RIGHT NOW!" ... but ... when the industry that represent 1 out of every 12 jobs in the US economy come to us and ask for $85 bucks each, we flip out and our puppet rulers fall all over themselves defending us from this massive theft. Its just bait and switch.
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