The Rusted Musket

Featuring the political intrigue and hardy thoughts of our contributing writers

Bailout or Simply a Bad Loan?

Posted by Russell On November - 19 - 2008

Charlie Sykes has an interesting piece on the auto industry “bailout”…

As they say here, this isn’t a “bailout” of the auto industry so much as it’s a “bailout” of the UAW. Until the problems with the UAW are resolved (and yes they are major problems) this is simply a proposed loan for a few companies that will more than likely never be able to pay it back. Here’s to hoping the Republican party will hold their ground against this “bailout”…

  • Hardy Thoughts

    A bailout for a failed business plan is no different than feeding a dead horse; money, like food, won’t resurrect it. — Benjamin J Kelm

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