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Car Bailout

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opednews.com

It sucks. Stop it.

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Demand for vehicles has fallen sharply. The government can't change that with a taxpayer-funded bailout. Car companies should sink or swim on their own merits. The government's limited resources should be used to stimulate the economy in a way that benefits everyone, like infrastructure investment.

I don't want to make car payments unless I buy a car. With this bailout, I'll be paying the shareholders of GM and Ford through the higher taxes and lower government spending which will be necessary to pay off the bailout debt, with interest. We don't really care much about fiscal discipline in this country. But, I guess that's why we are where we are economically.

 

My intellectual awakening is ongoing. Lately, politically, I'm most interested in efforts to break down two-party rule in this country. I registered Green after the Democrats won control of Congress. The more I think about it, the happier I am with (more...)
 

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Bailing out by Ivan Hentschel on Tuesday, Nov 11, 2008 at 7:04:54 PM
AUTO INDUSTRY BAILOUT by James Raider on Wednesday, Nov 12, 2008 at 1:13:27 AM
I'm Inclined to Let the Market Work on this One by Publius on Wednesday, Nov 12, 2008 at 9:33:11 AM
GM bailout by wagelaborer on Wednesday, Nov 12, 2008 at 11:33:56 AM