" . . . congressional Democrats began drafting legislation to give the Detroit automakers quick access to $25 billion by adding them to the Treasury Department's $700 billion economic rescue program."Of course, it is just the "Detroit" automakers who will benefit. You don't hear Toyota asking for a bailout . . . or Honda . . . or Nissan . . . all of whom make cars in America.
The "Detroit" automakers need the bailout, as opposed to their competitors, because their expensive United Auto Workers contracts have bled them dry. And which employee union was a big contributor to Democrat party coffers?
This proposal is taxpayer life-support for an unsustainable situation.
Let the bankruptcies occur so the old contracts can be shed . . . and let the companies be reborn.