Unfortunately, nobody is stopping the bailout freight train and asking whether politicians have any qualifications to oversee private business decisions. The vast majority of them have never met a payroll or run a business. The political class knows how to spend money, of course, but the last thing the Big Three and UAW need is guidance on building bridges to nowhere or financing worthless bureaucracies. The Big Three should be paying attention to consumer sentiment and shareholder value without having to worry about a bunch of back-seat drivers in Washington telling them what to do and how to do it.
Of the $188 billion in bailout funds doled out so far to banks by Treasury Secretary Henry Paulson, $1.6 billion went to pay bank executive’s salaries, bonuses and other perks.
As I recall, there was enormous public opposition to the $700 billion bailout passed by Congress and signed into law by President Bush in September. Our “leaders” turned a deaf ear to the people then and continue to do so today.
The founders would be disgusted that so many Congress members who voted in favor of the bailout were re-elected only weeks later. They would be ashamed of us for what we’re putting up with today.
"Woe to those who call evil good", but that is exactly what we have done.
We have lost our spiritual equilibrium and reversed our values. We confess that.
We have ridiculed the absolute truth of Your Word and called it Pluralism.
We have exploited the poor and called it the lottery,
We have rewarded laziness and called it welfare,
We have killed our unborn and called it choice,
We have shot abortionists and called it justifiable,
We have neglected to discipline our children and called it building self-esteem,
We have abused power and called it politics,
We have coveted our neighbor's possessions and called it ambition,
We have polluted the air with profanity and pornography and called it freedom of expression,
We have ridiculed the time-honored values of our forefathers and called it enlightenment.