Monday, November 17, 2008

That Big Hole Where They're Dumping Our Money

I know this Onion vid has been making the rounds on the libertarian/free market blogs, but it's too good to miss:


In The Know: Should The Government Stop Dumping Money Into A Giant Hole?

Hot on the tail of the financial sector bailout, we have... yet another bailout on the table--this time, for the "Big Three" auto-makers.

Just like the old wisdom, "there's nothing more permanent than a temporary government program," it seems like what President Bush considered a one-time fix keeps happening over and over again.

Hmmm, haven't we been here before?

This time, Detroit is asking for a $25 billion infusion. Maybe if they had made a better product with greater efficiency, they would not be in serious trouble with a sinking market share.

Senator John Kyl, the Republican Minority Whip, stated that "There's no reason to throw money at a problem that's not going to get solved." Seeing how the majority of congressional Republicans bucked the direction of their own Republican president to reject the financial bailout the first time, perhaps the issue of the Detroit bailout will be a chance to rally the "loyal opposition" for fiscal responsibility come January '09.

No comments: