Our ‘mission unaccomplished’ blithering idiot of a President George W. Bush threw a $17.4 billion lifeline to Detroit automakers lest they give up the ghost on his watch.
To prove yet again that he’s indeed the dodo he’s widely reviled to be, Bush gave the auto industry until March 31 to get its affairs in order.
As if the auto industry that hasn’t been able to get its act together in over 10 years can accomplish a miracle in 102 days.
Read the full details here.
We’ve said it all along. Bailing out sick and incompetent businesses be it Detroit or Wall Street is not Capitalism.
Au contraire, it’s a sickening bailoutism.