According to this article on Yahoo, Dick Cheney said "It's Herbert Hoover time" if the government fails to bail out the auto industry. That guy would know... he served in the Hoover administration. (Note to kids everywhere: That's a joke, don't quote me for your next Government paper.)
With that said, I'd like to look at this bailout from a different perspective. Look, we just handed the government a $700 Billion blank check. My understanding is that they can spend this money any way they see fit. Instead of coming to the taxpayers for more money, I say use part of the $700 Billion to help the automakers. Here's why...
Let's start by looking at this in manageable numbers, and by using an analogy. Things were tough at the House of Evan this year. I talked to friends, neighbors and family, and managed to convince them to scrape up $700 to help me out. They lent me this money knowing that doing so would cause them hardship, and that they'd likely never see the money again. I promptly spent $350 of it on bills, but still have $350 in the bank.
Suddenly, the battery in my car died and I found out that it would cost me somewhere between $15 and $25 to buy a battery charger, so I went back to my friends, neighbors and family and asked for more money. Aren't those people justified in questioning my fiscal responsibility? I mean, come on, I've still got $350 left. Why am I coming to them for more money? And since my car is old and unreliable, aren't they understandably curious why I'm sinking another $15 to $25 into that piece of junk? And my answer? Oh, that. I want to save that money for something else.
Yes, in this case I was the government, and the friends, neighbors and family were the American taxpayers. As a taxpayer, I don't understand why the government is coming to me for more money, when they've still got half of that $700 billion. Bush, in his infinite stupidity, doesn't want to spend that money on the auto industry. Well, part of being in charge is making tough choices and doing stuff that you'd rather not do. Mr. Bush, it's time to do something you'd rather not do... quit asking me for more money, and use part of that $350 Billion that you have left. I, for one, am tired of paying to clean up the mess that you and your fat-cat friends on Wall Street made in the first place. I'm through struggling to make ends meet while you laugh your way to the bank.
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