Well the Senate killed the Automaker bailout, but the Bush Administration wants to keep hope alive.  The automakers want $14 Billion to help them with keep going through just one quarter next year.  My question is what then?  They can’t/won’t restructure in order to cut expenses – will they be back again with hat in hand?  Yes.  Giving them a bailout will do nothing to solve their fundamental organizational problems.

With the $14 Billion bailout being killed, the Bush Administration is now talking about using the $700 Billion bailout passed a little while ago.  President Bush himself said that:

I’ve abandoned free-market principles to save the free-market system.”

HT: Michelle Malkin

Domestic Divapalooza says its time to call the White House since this this is basically in his hands.  The number is (202) 456-1414

You May Also Like

The Politics of Climate Change

It is amazing to see how people circle the wagon even after…

It’s Not Just a Political Problem…It’s an Educational Problem

I wrote in a previous piece that the problem that has led…

42 Months with Unemployment Being Above 8% During Obama Administration

July’s jobs report came out and the unemployment rate is at 8.3%…

Lindsey Graham Introduces Pain-Capable Unborn Child Protection Act

U.S. Senator Lindsey Graham (R-SC) introduced S. 1553, the Pain Capable Unborn Child Protection Act, a bill he is sponsoring in the U.S. Senate on Thursday.