Michelle Malkin Calls for Lawsuit over Auto Bailout

Citing a report by the Heritage Foundation and a commentary at OpenMarket.org, Michelle Malkin said today:

“Instead of wringing their hands, I’d like to see fiscal conservatives in Congress put their money where their mouths are and file suit against this illegal, unconstitutional bailout.

“Any takers?

“Bueller? Bueller?”

Also see: George Bailout Bush Drives the Final Nail in His Coffin

(Video) Republicans Respond to UAW Accusations Over Bailout

The UAW is angry at Republicans for not supporting the $15 billion bailout that would benefit unions and not consumers.  Republican Bob Corker responds to the UAW accusations.

Also see: Michelle Malkin – No TARP money for UAW bailout: It’s illegal

 

Auto Bailout Dies in the Senate

We’re receiving news that the bailout has died in the Senate, largely thanks to the Unions.

See:

• Right Wing News
• FoxNews
• Twitter Stream
• Michelle Malkin

The Big Failed Three

Derek Clark, over at Geek Politics, has a posted a great op-ed about the pending auto industry bailout:

A few weeks ago I wrote an article about the potential automaker bailout. Well, now the only real question is who will be appointed to the “car czar” position. It’s sad really, that the taxpayers are going to be on the hook for another 15 billion in bailout money. Apparently that is the amount that Congress thinks will save GM and Chrysler. Ford says they have enough cash to make it though 2009 as long as the other automakers don’t fail.

The fact is that there is no way 15 billion will save these companies. It will only postpone the inevitable. Chrysler has been here before. They got a bailout in the late 70’s from Carter. Less than 3 decades later they are back again looking for another bailout. If 15 billion could actually save the entire American auto industry, investors would be lining up to give them cash. Warren Buffet just gave GE and Goldman Sachs nearly that much money. Plenty of investors could come up with the money. The reason they haven’t is that 15 billion dollars will not save these companies. They have failed at everything they do for so long it is sad.

The problem is they still don’t know how to run a business…Continue reading on Geek Politics >>

536,000 Cars

I’ve been doing my math. The auto makers want billions for a bailout, right? Congress is willing to allocate $15 billion to GM, Chrysler, and Ford. With the average car in the U.S. being approximately $28,000, Congress could just purchase 536,000 cars instead.

Think about it. Ford, GM, and Chrysler want to sell cars. Buying 536,000 vehicles will boost the bottom line, keep Wall Street happy, keep people employed, and actually accomplish something. Why give away the money in some vague, uncertain bailout scheme when they can obtain something tangible?

There is one small problem. Congress wouldn’t have a clue about dealing with 536,000 cars. I’m sure they could come up with some “Car for Causes” welfare program to give them away. Hey, I’m even willing to take a car off their hands. I nice SUV would be fine with me. I’m paying for it anyway.

Freebie Jeebies

President-elect “Here’s Your Pony” and the open checkbook nightmares controlling Capitol Hill can’t wait to find new sinkholes to throw your money down. The Botox Hag and her pal Harry want to make an end-run around common sense and try to salvage an auto industry that for decades has had no interest in salvaging itself. The good news is that they might not have time to do it before The One ascends to his throne.

It seems that Republicans in the Senate are finding some of the guts in defeat that they couldn’t back in September, when they were working on building a “Super Minority” presence in Washington. The Democrats don’t quite have the majority needed to shove anything they want anywhere they want…yet.

The auto industry’s problems go way beyond the current financial crisis. Plagued by greedy, strong-arm unions and greedy, weak willed execs who are so shortsighted they can’t see beyond lunch, it’s been snowballing towards oblivion for some time. The snowball just happens to be hitting peak speed right now. If it finds a way to hold off until January it will receive Federal Failure Reward package, courtesy of Chris Dodd (D-The Titanic) and the new president.

Continuing a theme of mine…these price tags keep going up. The automakers were already guaranteed $25 billion in low interest loans. Billions? That’s so two months ago. Round One is a feint to get the taxpayers to bite on a number. Once they’ve numbed us with an amount that already seems ridiculous they come in with Round Two, which is a variation on the “What’s a little more?” theme.

You will constantly be reminded that you’re too stupid to understand this complex economic stuff. Here’s all we need to know:

1)Again, the price tag will continue to go up.

2)The Secretary of the Treasury is making the rules up as he goes along.

3)If a small business ran itself the way these large industries do, it would be allowed to fail without anyone in Washington blinking an eye.

When Barack Obama gets into office, let him know loud and clear,

No, se puede.

(Cross-posted from America Needs Me)