Lawmakers Want the Bailout Bill to Extend to Automakers

 Here is the problem with the federal goverment bailing out and nationalizing the banks, the economy,and the mortgage industry. Here is the problem with the bailout bill. Or should I say A problem. It’s not the only problem.

 Now the auto manufacturers are looking for a federal bailout to save their sorry asses. Not that this comes as a surprise to me, I wrote about it here. It is still frustrating though. The only part of this whole attempt to socialize America that Bush has gotten right is his resistance to bailout the auto industry. It is not the responsibility of the taxpayer to bailout any of these private companies and it certainly is not the responsibility of the governmet to make sure these companies stay solvent.

 George W Bush has begun the United States down a path towards socialism and it is only going to continue and get worse under President Obama. While the current president has resisted the urge to spend our money bailing out the auto indusrty Nancy Pelosi and Harry Reid are recommending action being taken to help the auto industry. What do you think Barack Obama will decide to do after listening to these two clowns?

 With the nation’s automotive industry hemorrhaging cash, congressional leaders called on the Bush administration yesterday to offer government assistance to the car companies as part of the Treasury Department’s $700 billion emergency rescue program.

 Where will it stop?

If the request is granted, it would expand the federal government’s role in private enterprise far beyond the financial sector. Critics have warned that a bailout of GM would attract a long line of other companies to Washington to argue that their survival, too, is critical to the economic health of the country. The move would push the Bush administration to decide winners and losers in yet another huge sector of the economy, and it would force President-elect Barack Obama to manage a complex restructuring of the ailing automotive industry.

 The next industry will be the airlines, and then on and on it goes. Our money is being pissed away to bailout private companies that should be left to fend for themselves.

 The government is using fear as an excuse to take over and nationalize industries one at a time, the federal government is following in the footstepsof Hugo Chavez.

 The only difference is Chavez is honest about his motives.