I'm trying to be very careful about criticizing President-Elect Obama until he is actually our president. At that point, the decisions he makes and policies that he promotes are fair game.
However, President-Elect Obama is pushing a $50 billion bailout for automakers.
What is yet to be determined is that if the $50 billion will be drawn from the $700 billion that was ORIGINALLY meant to bail out Wall Street.
First off, I was against the first bailout, and I would hope that we don't add another $50 billion to the tab of taxpayers.
Making matters worse, is that no formal action has been taken to fill the oversight post that Congress required when it passed the original bailout bill. Congress added that provision to prevent "corruption and government waste." (NOW, Congress cares about corruption and government waste...go figure.) Congress had also required a monitoring report that hasn't been completed, even though the deadline for that report has passed.
Folks, I realize we are in desperate times, and desperate times call for desperate measures, but this money being spent bailing out irresponsible and crooked companies is OUR money.
Congress passed this bill and made requirements of the Treasury Department that haven't been met. We MUST demand OUR representatives hold the Treasury Department accountable for OUR money.
I urge you to contact your Congressmen and Senators today and demand that the Treasury Department fulfill what the bailout bill called for.
On top of that, I urge you to contact President-Elect Obama and tell him no more bailouts on the backs of taxpayers. Especially for American automakers.
This is not the American way.
A free market is a market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers. If the seller, or the buyer, finds that a business decision has less than desirable consequences, we believe it is the responsibility of the party involved to find a solution to the problem.(HT: Redstate)
Forcing me, and you, to pay for bad business decisions is not the solution.
Remember, this is YOUR money. Contact your representatives today and demand accountibility for the Treasury Department, and no more bailouts for bad business decision.
MORE...
Boehner Demands Fed Identify Recipients of Loans. Makes sense, it is OUR money they are loaning. Good for Boehner, one step closer to bringing the Republican Party back to the conservative principle of sound, fiscal reponsibility.
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