Incoming Congress May be Against Bailing out the Automakers

 I have written about my displeasure with the bailout bill at great length, and I have voiced my extreme displeasure with the bailout bill extending it’s slimy tentacles into the automakers industry so that the taxpayers can be on the hook to the UAW thugs who refuse to negotiate in good terms with the companies who are failing.

 I have also voiced my concern that while the prospects of the automakers getting their hands on the bailout money has dimmed due to house Republicans that once the new congress took over the outcome would be different. It now appears that my worries may have been premature.

 Several congressman-elect are opposed to bailing out the auto industry.

“I think we are at a point where we are bailing-out industries and companies that are not taking the steps to correct themselves,” Michael McMahon (D-N.Y.)

I am somewhat skeptical about the bailout, though I haven’t seen all of the details yet. The question is, ‘How much can the American people pay for these companies to hang on by their fingernails?’”
 
“I do not” support an auto-maker bailout, Cynthia Lummis (R-Wyo.) told CNSNews.com. “Bailing-out the Big Three allows them to avoid making an evaluation of how to become lean and mean and provide a product the American consumer likes better. My preference would be to avoid the bailout and allow the marketplace to work.”

Charlie Brown (D-Calif.), who is still in the midst of a recount battle in California, told CNSNews.com that he thinks if the Wall Street bailout begins to unfreeze credit as it was intended to do, automakers may not even need their own bailout.
 
“There is still the possibility that the first package works and we get the credit out there and people may start buying again,” Brown said. “Let’s not rush into another package here until we see what the first one is going to do.”
 
Incoming freshman Aaron Schock (R-Ill.) also told CNSNews.com that he is “cautious” about Congress interfering with private companies.
 
“I am very cautious of the federal government getting involved in private industry,” said Schock. “I was not very excited when the Congress decided to get involved in our financial markets. Fundamentally speaking, I am more of a free market person though I think that from time to time the government can get involved in the markets.”

 There is the position of a few of the incoming members of congress, let’s just “hope” that enough of them have the same opinion and that this idea of bailing out the auto industry is dead. And let’s just “hope” that most of them once they get to congress won’t be swayed by the leadership to change their position under the threat of not being supported in their re-election bids.