The Automobile Bailout Bill

According to Yahoo News the automobile industry bialout with $25 billion in emergency loans inched forward Friday when Majority Leader Harry Reid said the Senate will begin debate Monday and hold a test vote two days later. Supporters scrambled for votes to break an expected filibuster.  This is a disaster.  We are seeing the congressional equivalent of how sharks react when there is blood in the water, only this time congress is reacting to the idea of our money they think they can spend.  We need to let the auto industries go into Chapter 11, clean up contracts they can't keep, and restructure their debt.  Notice that the auto industry that is in trouble is in the heavily unionized states--not the plants in other parts of the country.  If you check the statistics, Michigan is a one-party state, ruled by Democrats with Democrat ideas in place, and people are leaving in droves.  Check the population growth for the states in the last census.  It tells you that people are voting with their feet, and it tells you how they are voting.  Michigan is reaching the point where "Who Is John Galt?" is a totally relevant question.  If you don't understand the reference, take the time to read Ayn Rand's ATLAS SHRUGGED.  Her ideas are a little extreme, but she definitely heads in the right direction.