What Ms. Pelosi wants with your money
House Speaker Nancy Pelosi, D-Calif., said over the weekend the House would aid the ailing industry, though she did not put a price on her plan. “The House is ready to do it,” said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. “There’s no downside to trying.”
The downside, Ms. Pelosi, is that this will put the doom off a few months and taxpayers will be out the $25 million when the automakers go under, anyway. The taxpayers losing their money is the downside, please understand.
Get on the horn with your government representatives and let them know that the auto industry will be better off failing and re-building. It’s time to get bad management out of the industry. The skilled workers won’t be going anywhere…