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Driving Force

© Clay Bennett

Personally, I think bailouts of any kind are a bad idea, even when they work. However, it is still hilarious to see Republicans campaigning in Michigan against the bailout of the auto industry.



  1. Dan wrote:

    What I don’t understand is that when we bailed out the GM we got a piece of the action, we and the union got the lion’s share of the stock. Why didn’t that happen with the bank bail outs? All we got in that deal were the bad assets and our money back (yeah, right) with the opportunity to further subsidize the banks by borrowing money for the national debt. Why not just get the money directly from the Fed? If we’re going to create money out of thin air why do we need the actual banks?

    Friday, March 2, 2012 at 8:15 am | Permalink
  2. Scott wrote:

    I’ve always wondered: if Obama had REFUSED to go along with the bailout, would the GOP now be campaigning on–and most likely WINNING in Michigan with–non-stop rants about how “that one” had let one of our nation’s most beloved institutions go under.

    Friday, March 2, 2012 at 8:19 am | Permalink
  3. just me wrote:

    When the government first decided to provide subsidies to the oil companies way back when, was that not a “bailout” of sorts? One that apparently never ends & is not required to be paid back?

    Friday, March 2, 2012 at 8:40 am | Permalink
  4. Iron Knee wrote:

    You are correct. The US Government subsidy of oil companies is one hell of a bailout, and an ongoing one. But politically, who can stop it?

    Once upon a time, Republicans were pushing “cap and trade”, which would effectively be a tax on oil and other dirty energy sources. Do any of them support it now?

    Friday, March 2, 2012 at 9:22 am | Permalink