By now, I'm sure you've heard that President Bush has thrown both GM and Chrysler a lifeline in the form of a $17.4 million federal bailout.
A week ago, the U.S. Senate rejected a similar bailout because it wanted more concessions from the auto workers union.
What Bush has done today is to tell the American people that the decisions made by their elected officials don't count for anything.
Even if members of the U.S. Senate took two months to haggle over an auto bailout and still reached the same decision it did last week, it wouldn't have mattered.
Bush would still have approved a bailout for an industry that has no hope of succeeding without the help of taxpayer money.
Also, are you going to buy a car from a company that begged for taxpayer money claiming that if it didn't get billions of dollars it go under within weeks?
I know I wouldn't. The next time I buy a car, I'm going with an import.
So what was the big deal several weeks ago when the "suits" appeared before Congress and were told to come back with a plan. Today, Bush gives them the $17.4 billion with the understanding they come up with a plan within three months? Is this not like putting the cart before the horse? Leaving the foxes to guard the chicken house(s)? The taxpayers are supposed to give 17.4 billion dollars worth of trust to a bunch of guys who never built a good quality product and who allowed their companies to nearly disintegrate into oblivion? Once again the American people have been hoodwinked and suckered by this president!