Ugh.
First off, Barney Frank and Chris Dodd should both have to wear ball gags during these proceedings (Yes, Barney, you can keep yours). How the Democrats can leave these two in leadership positions to help steer us out of what they more than helped steer us into is beyond me.
Watching the buffoon trio of auto CEOs go back and forth with Congressional leaders who couldn't organize a sock drawer, let alone a multi-billion dollar company, doesn't exactly bring the word "solution" to mind.
Barack Obama won't even bring all the awesome power of the make-believe "Office of the President-elect" to the debate.
All those attached to GM are still sticking with "Give us money or we go under" as a sound way to proceed.
I don't know how they're going to make it," Sen. Richard C. Shelby, R-Ala., said of the automakers. "If they called this a plan to get money, the bankers all over the world would laugh.
Exactly.
Taking a cue from the labor unions that dominate them, lawmakers from auto states are trying a strong-arm tactic that could backfire in a favorable way for the rest of us.
Auto state lawmakers are threatening to block the administration from accessing the second half of the financial rescue fund unless it comes to the aid of the Big Three.
That sounds like a plan.
By not considering bankruptcy, the Big Three (which I believe is also the total number of brain cells left among them) are inviting the federal government to get involved in private industry. That's like asking someone from the hospital kitchen to perform your triple bypass operation.
If anyone out there believes that having an incompetent bureaucracy in charge of three incompetent corporations is going to end well, may I recommend a nearby 12 Step program?
This whole thing is getting uglier than waking up with Hillary Clinton. The federal government can't run itself efficiently, what makes people think it can help run a private company?
My head hurts. And no, I don't want the government to "fix" it.
