Paco Enterprises throws its weight - slight and gossamer thing though it may be - into the scales against the bailout of the automobile industry. Powerline has a great summary of the problems facing car manufacturers, and the difficulty pretty much boils down to the fact that, due to astronomical labor costs, Detroit is losing money on every vehicle sold. A bailout has all the earmarks of another AmTrak - a ravenous maw of inefficiency that will chew up billions of dollars a year, in perpetuity.
If the Democrats push this through - and the scores of other spending plans they have in mind - I'm not sure Republicans have to do anything but make like the scorpion in the bedroom slipper, and wait 'til the next election when the Democratic Party, having winded its tipsy way home after the umpteenth spending spree, decides to get out of its tight patent-leather shoes.
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But if His Oneness is for it, how can it fail?
ReplyDeleteCheers
JMH
WWID?...What Would Iacocca Do? In his case, money was not given TO Chrysler the money, it, in fact, only guaranteed the loans.
ReplyDeleteHe made it work. Dunno' about these bozo's of today.
Wiki
By the way, if you haven't heard the news...Pay no attention to any weirdness on the site. We’re switching over to WordPress and there will be a few glitches. Instapundit
The Dhimmicrats will bail out the Big 3, as that helps feed one of their allies, the unions. Those characters have "bread and circuses" down to a science. Unfortunately.
ReplyDeleteTW: porkf. The computer agrees with us.
RJ: "porkf", indeed!
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