Thursday, November 20, 2008
Hypocrisy in Politics? Perish the thought!
This story has me a bit flummoxed. It seems that the Congressional Democrats want a business plan from the Big 3 automakers before they lend them any money as part of the Early Christmas Cash Giveaway in Washington, D.C. What is odd is that I don't remember AIG presenting a business plan for their $150 billion buffet at the taxpayer trough, nor do I remember any business plans being submitted for the $700 billion taxpayer shakedown for Wall Street. I also don't remember the pompous fools in Washington talking about the luxury jets of the Wall Street folks.
Mind you I'm not in favor of government intervention in markets. They generally screw up everything they touch. But it does seem a bit hypocritical for people who have totally mismanaged the federal budget for years to lecture the automakers on fiscal responsibility. I tip my hat to the anyone with the cojones it takes to pull that off with a straight face. But they did.
Nero is fiddling again. Except this time he has 535 heads and lives under a dome. And his new whipping boys aren't Christians. They are automaker executives.