From an Associated Press story on the pending GM/Ford/Chrysler bailout fight:
House Speaker Nancy Pelosi, D-Calif., said over the weekend that the House would provide aid to the ailing industry, though she did not put a price on her plan.
“The House is ready to do it,” said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. “There’s no downside to trying.”
There’s “no downside” to throwing billions of dollars in taxpayer money at companies whose smothering employee unions and sluggish reactions to the market leave them on the brink of bankruptcy. These people are the shining lights of the Democratic Party, and will continue to insist more government is the answer in the face of all history and good sense.
It’s going to be a long four years. Good for Senators Shelby and Kyl, who are stating what should be obvious and sticking to their guns.