Pelosi wants to bailout the automobile industry...

[Tarheel]

And why, the hell, not?!  Great idea getting the cocksucker Barney Frank (o. g. D.-Ma.) involved too after his commendable work with Fannie Mae and Freddie Mac.

While we're at it let's just socialize every industry in America...it's not like we all don't work for the government half the year anyway!  (Those of us who PAY taxes anyway.)

This tidbit from WSJ Online...

Pelosi Backs Special Session on Auto-Industry Aid
11 Nov 2008

By GREG HITT

WASHINGTON -- House Speaker Nancy Pelosi said she will push legislation next week to help the ailing auto industry.

"I am confident Congress can consider emergency assistance legislation next week during a lame-duck session, and I hope the Bush Administration would support it," the California Democrat said in a statement.

Rep. Pelosi said she tapped House Financial Services Chairman Barney Frank (D., Mass.) to craft legislation that would give the industry "limited" assistance under the recently enacted Troubled Asset Relief Program.
...

For those who want to read the rest of the story...

http://online.wsj.com/article/SB122643423580318185.html

[JohnDeere]

Those foreign auto companies employing Americans in America (the Benz's, the Honda's, the Toyato's, the Nissan's who all just happen to be NON-UNION)  that are capable of managing their balance sheets and managing cash flows..........they are just shit out of luck.

If you ever wanted to see an example of throwing money into a fire, this is it.

First of all, GM and Ford can downsize and operate in the red for at least five more years. This nothing but the usual gloom and doom that the media always portrays. The same story as this depression we are about to plunge into.  Come Jan 21st 2009, the taxpayers of the U.S. will start cutting dividend checks to GM and Ford shareholders. Which the majority of shareholders being UAW folks. Big labor has the Dems in their back pocket.