What is Bush thinking?

President Bush is considering using a portion of the $700B approved Bailout money to help the Big 3. Unbelievable!!

As Republican (and a few Democrats) Senators prepared to reject the bill passed by the House, after the UAW rejected the terms proposed by the GOP Senate Leadership. To my understanding, the approved bailout passed by the House included language that would require the UAW wages to be renegotiated to be more in-line with the other (profitable) U.S. auto-manufacturers. GOP Senators wanted a timetable to ensure that the agreement would take place within a reasonable time, the UAW response... No Way! Heisman! Bye-bye.

Well, if that isn't an indicator of their commitment to fundamental change required in the terms of the bailout agreement, what else? They obviously wanted to appear willing to consider change but would fight any concessions, that's the Union mentality. Commitment without accountability is an open door to subversion.

Of course, we get the usual attempt to vilify the GOP as Union killers. The GOP Senators need to sell the reason why they are opposing this, lack of accountability and commitment to correcting the problems.

Meanwhile, the President is hinting at working to pacify the inept? Huh? Why? If he thinks that helping the auto-makers & unions will be remembered positively, wrong! If he thinks that taking this action will help the economy and the perception that he helped bring us out of this downturn, wrong! Barack will get all of that credit.

Don't do it Mr. President. GM and Chrysler need Chapter 11.

Signing off...JCB Sphere: Related Content