I was not in favor of the Wall Street bailout and I am definitely not in favor of bailing out the Big Three auto makers. Having said that, I find it interesting that certain members of Congress are skeptical about the auto industry bailout. They have every right to be skeptical but they keep expressing their apprehension about lending money to companies that have not managed their finances very well.
You see, members of Congress complain that the auto makers were foolish with their money, did not have adequate business plans, produced a product that was inferior to their competitors and now they want more money to do more of the same. But the Congress is no different than the auto makers.
Congress is foolish with our money, has a terrible plan for using it, produces an inferior product and when it needs more money it gets it from us. The only difference is that Congress does not have to beg for it like the auto makers. Congress just confiscates it from us.
Congress is even critical of the executives from the Big Three who flew in corporate jets to DC for the hearings. Who do these people think they are having such luxuries? Of course, these would be the same members of Congress who own more than one home (one in their home state and one in DC), have expensive leased vehicles paid for entirely by the taxpayers. The car, insurance, fuel, the whole shooting match. We even provide her majesty queen Nancy Pelosi with a plane to fly back and forth from California.
So, who do the members of Congress think they are? What gives them the right to question the executives who have done nothing more than those who are supposed to lead this country?
