Pelosi’s auto bailout idea is ridiculous!

“Weary Democratic congressional leaders pushed to clear the final obstacles to a $15 billion bailout of U.S. automakers Tuesday night, but the rescue plan faced new snags as Republicans raised deep concerns,” according to the Associated Press.

Well, they all ought to have “deep concerns.”  This bailout idea is a loser!

“Still unresolved were the precise requirements to be placed on carmakers by a new “car czar” who would be named by President George W. Bush and could ultimately force the carmakers to reinvent themselves.”

Have the Democrats lost their collective minds?  A “car czar?”  Seriously?  That is whack!  It is not the government’s job to show us how to run our businesses!  And when we fail at running our businesses it is not the government’s job to save said businesses!

A recent Gallup poll shows that 51 percent of Americans do not think the government should bail out the auto industry.  In a new Cato Institute video, Cato’s Dan Ikenson speaks out against the auto bailout.  See the video above, courtesy of YouTube.

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"Admin" is just editors Vern Nelson, Greg Diamond, or Ryan Cantor sharing something that they mostly didn't write themselves, but think you should see. Before December 2010, "Admin" may have been former blog owner Art Pedroza.