Friday, December 12, 2008

The Auto Bailout

As I write this, the TV machine is talking as if the Bush Administration is going to hand millions of dollars in TARP funds over to the Big 3 automakers, since the Senate failed to approve the bailout plan last night. Honestly, I'm torn on the entire deal.  I'm fearful of the snowball effect through our already struggling economy if the automakers shut down. On the other hand, I'm growing weary of Washington writing big checks to struggling companies. And there is a lot of chatter this morning that using the TARP money for this purpose could be illegal.


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