The Side of the Detriot Bailout You Are Not Hearing

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The Wall Street Journal Online has a very interesting article today about an aspect of the proposed bailout of the auto companies that has not been widely discussed.  Earlier this year congress approved 25 billion in loans to the big three auto companies for the purpose of retooling to become more environmentally friendly.  The White House said Friday that Detroit would be able to use the money now with a few basic conditions--for example, they would have to present a business plan to the Energy Secretary showing how the money would help them stay alive and profitable--but, Democrats would have to remove the 'environmental strings' they had placed on that money.  They are unwilling to do that.

As a taxpayer, I object.  If the money has already been allocated for the auto companies, give it to them and stop trying to control everything they do.  The article sums it up--

"All of this shows that Democrats don't merely want to save jobs. They want an entirely different American auto industry that serves goals other than selling cars to consumers. The green lobbies have disliked Detroit for decades -- for resisting fleet mileage standards and having the audacity to make SUVs, trucks and other vehicles that people have wanted to buy but that violate modern environmental pieties. For the greens, the bailout is their main chance to remake Detroit according to their dictates."

Unless we get the government out of business, there will be no successful businesses to employ people, pay taxes, and allow people to succeed.  This will result in more taxpayer money needed to keep industries afloat and the eventual end of the free enterprise and entrepreneurship that has made this country great.

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This page contains a single entry by Granny G published on November 19, 2008 4:28 AM.

When America Has A Strong Leader, The World Is A Safer Place was the previous entry in this blog.

The Value of an Informed Electorate is the next entry in this blog.

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