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...a better question would be:
Given that banks and insurance and housing are now all directly part of the federal government and are costing well over a trillion dollars, why NOT have auto's be part of the mix?
And, for that matter, why NOT airlines? Hell, GM and Ford and Chrysler only want $50 billion. For now. Fiscal prudence says that, given what we've already done, that's a bargain.
The Bush administration screwed up royally when they bailed out wall street. They opened Pandora's box. They screwed up worse not even rightly dragging any Democrats down with them, thank you John McCain. Anyone who went along with it, went along with it.
There is NO argument against this sort of insanity that doesn't begin with the following sentence;
Given the fact that the Bush administration made another terrible mistake, this time, the wall street bail out, should we just keep making this type mistakes, or stop making these type of mistakes? |