Tuesday, December 9, 2008

Auto Bailout Gathering Steam

Nancy Pelosi, Barney Frank and willing co-conspirators in the Bush Administration are nearing completion on a $15B package of "bridge loans" to the auto industry. Talk about a "bridge to nowhere". I love the little digs the churlish Dems put in the measure....no bonuses, no corporate jets, no dividends to stockholders....all designed to punish capital and management. Where is the retribution to the union leaders who have added $2000 per car in costs, rendering this industry irrelevant?

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