“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.
Think about this for a minute.
If we allow the big three to file under bankruptcy protection is it true that all union contracts become null and void?
The Dem’s inside the beltway cannot let that happen. That is one reason they iwll support the mega bucks loan
http://img369.imageshack.us/img369/6012/bailoutyk2.jpg
We’re the Big Three. We don’t need to compete…
DO NOT GIVE US AUTO INDUSTRY MONEY…INSTEAD GIVE EVERY PERSON IN USA THAT BUYS A NEW USA MADE CAR $5000 ….WHY , ITS SIMPLE ,SELL THE PRODUCT INSTEAD OF GIVING THE PRODUCERS MORE TIME TO STUFF UP AND EVAPORATE THE GOVT MONEY, WITH SALES GENERATED THEY WILL SURVIVE, IN BUSINESS THE ONLY WAY TO SURVIVE IS TO SELL YOUR PRODUCT …TO GIVE THEM MONEY TO BUILD AND STOCKPILE MORE CARS IS A JOKE SURELY….THE GOVT HAS AN OPPORTUNITY TO HELP JOE AVERAGE WITH A CHEAP GUZZLER CAR AND WHAT A ONCE ONLY CHANCE IT IS ,WITH OIL AT $40 A BARREL FOR THE NEXT FEW YEARS, WHEN WILL THAT SCENARIO PRESENT AGAIN?…JOHN NORDEN AUSTRALIA.
OOPS, TOO LATE BY THE SOUNDS OF THE NEWS THE BAILOUTS APROVED…..OK WHEN THAT HAS GONE (ITS LIKE GIVING A GAMBLER OR YOUR CHILDREN MONEY), CAN YOU, COULD YOU, WOULD YOU, ENCOURAGE IMPLEMENTATION OF MONEY TO THE BUYERS THEN?.
ONLY YOU GUYS CAN DO IT… AS STATED I CANT,I AM HIDDEN IN THIS COMPUTOR IN AUSTRALIA WITH NO CONTACTS IN YOUR WORLD, AND ITS YOUR WORLD THAT NEEDS SAVING… USE THAT YANKEE INGENUITY.