US Auto Makers

The “Big Three” US automobile manufacturers are quick to tell you they’re not looking for a bail out, they’re looking for bridge loans.

Well… what’s the difference between a bridge loan to a business that’s likely to fail and giving them money for bad assets?

NADA!

It really doesn’t matter what the wording is, bail out, bridge loan, give away… it’s all the same.  The money from hard working American tax payers being given to companies that have made bad decisions and are looking for someone else to pay the price.

And why isn’t part of the $700B we’ve already approved being used?

Why are we gutting a fund that’s been setup to help create automobiles that move us toward energy independence?

Like so many Americans are asking — Where’s my bail out?

It’s great the congress is grilling the auto makers before they hand out more money — but why didn’t they hold Wall Street to the same standards?

This whole thing is very suspect… I mean all the American who are out of work, are we going to extend unemployment benefits for as long as it takes to turn the economy around?  They certainly didn’t contribute to these short sighted decisions… they don’t get $15 million in compensation per year…

I think before any more of the $700B is handed out, or before we approve more money for short sighted businesses we need to lay down a road map that helps us understand how the average American who’s been hit hard by these events is going to survive.

Maybe we need Twisted Sister to sing “We’re not going to take it…” at the opening of ever congressional hearing and session!

Originally posted 2008-12-10 12:00:05.