Saturday, December 20, 2008

Baby You Can Drive Their Cars, And Maybe We'll Give Them $17.4 Billion Anyway

In a dramatic move of "abandoning free-market principles in order to save the free market," the Bush Administration has completely circumvented the southern Republicans that rejected the bipartisan auto bailout, and used the President's remaining executive authority to direct a $17.4 billion bailout to GM and Chrysler in order to avoid the complete collapse of the American economy. The money was given with the understanding that the companies can create a business plan that will save them; otherwise, they have to pay the loans back immediately.


Supporters of the plan claim that the negative effects of a collapse of these companies would ripple throughout the market, causing untold damage to American workers.

Much of the GOP's leadership has actually turned on their president over the issue, criticizing him over the lack of accountability about how the funds will be distributed. Senator John McCain (R-AZ...perhaps you've heard of him?) is actually leading the charge, arguing....


Oh wait, I don't have to care what that guy says anymore.

It does just go to show you how strange this economic crisis has become; we have President Bush allying himself with the Democratic leadership against the party Maverick, the GOP base, and a bunch of southern senators whose states do more business with foreign automakers than domestic ones.

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