More Bailouts: Auto Industry

This is getting ridiculous. I ranted about the bailouts before, I’ll do it again. SAY NO TO THE BAILOUTS! Now, Pelosi and Co. want to bailout the auto industry. ARE THEY FREAKIN’ NUTS!?! The most sensible comment on this actually came out of the White House:

White House spokeswoman Dana Perino said the companies had made business decisions “over the years that have led to this situation, but we have gone as far as we can with the authority Congress has given in order to help industries.”

While companies like Toyota and Honda were spending money on R&D for efficient, hybrid cars, Detroit was spending money on Hummers and gas guzzling trucks.

Now they want help because they made some stupid choices over the years. And to top it off, the freakin Dems are pushing for this bailout. This, on top of the news that the Wallstreet companies that received bailout money continue to spend on huge bonuses. In fact, news came out that AIG, which recently asked for more bailout money, spent $343,000 for a two day “sales meeting” at luxury resort in Arizona:

The company had already been under criticism for spending $440,000 for a weeklong retreat in California for top-performing insurance agents, just days after the U.S. government stepped in to save the company with a $85 billion taxpayer-funded loan.

But on Monday, ABC News reported on an AIG sales meeting at a luxury resort in Phoenix last week that cost $343,000.

“AIG made significant efforts to disguise the conference, making sure there were no AIG logos or signs anywhere on the property.

“An AIG spokesperson said there were no AIG markers in order to minimize signage costs and to lower the company’s profile.

“A hotel employee told (ABC), ‘We can’t even say the word (AIG).'”

Write to your representive in Congress and tell them NO MORE TAXPAYER FUNDED BAILOUTS!

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