I admit, from the beginning I have been opposed to the bail out–Americans living beyond their means, not my problem = their stupidity and the greed of wall street.
Auto Industry Failure–Yes it would suck that a gajillion people lose their jobs, but it’s ridiculous that I as a taxpayer should have to pay money to bail out a failing business, just because it’s considered a necessity.
The Auto Industry wants 25 billion (of taxpayer money) so they don’t have to file for bankruptcy. Thank you Senator Dodd for pointing out that this is due to automakers’ “shortsightedness”. Of course they argue that they provide 10% of the nation’s GDP, however propping up bad business is not exactly the ethos of capitalism. Anyone think that all these regulations wouldn’t be so necessary if that government didn’t selectively intervene so often.
Seriously, just read Atlas Shrugged.
Maybe the Republican party is finally getting back to its small government roots–many oppose a measure of any kind which would provide the Auto Industry with any more money because: they say it will only delay the inevitable. But, the White House wants to modify outstanding appropriations and let them use that instead.
Please let us return to our small government values!
