The Plan And The Irony In The Bailout

Don’t you find it just a little bit ironic that Democratic leaders in Congress are demanding that, before they agree to a bailout, that the auto companies produce a plan, a long range plan, that will show them able to sustain business on their own and to remain profitable, when we just elected a new president without the slightest curiosity about what his plan is for the future viability of this country? Well I do.

“It is all about accountability and viability,” said House Speaker Nancy Pelosi, D-Calif. “We [need to] see a plan where the auto industry is held accountable. Until they show us the plan, we cannot show them the money.”

Just know that what we are witnessing is the ‘show’ of fiscal responsibility, before they bail out big labor, which is all they are interested in doing. Well, that and nationalizing yet another segment of our economy.

And the irony doesn’t stop there. Hearken back to the start of the economic crisis, the collapse of the finance industry which also took down Wall Street and financial markets around the world. While we see these democrats chastising the auto industry CEO’s for not seeing their problem coming, the same can be said of these same democrats, not only for not seeing it coming, but for not recognizing or accepting the warnings of things to come where Fannie Mae and Freddie Mac are concerned by those who did. Back then, in 2003 and again in 2005, it was republicans that were sounding the warning. And it was these same indignant democrats we see today that were responsible for not seeing or heeding the warnings. Isn’t that like the pot calling the kettle black?

In this video, Rush Limbaugh puts it well in his own way and then some.

related links: Dems delay auto bailout vote, seek plan from Big 3| What Caused The Economic Crisis?