GOP Must Say No To A Detroit Bailout

I just wanted to say that the Scottish Right blog is officially and adamantly opposed to any bailout of Detroit automakers that doesn't involve a managed bankruptcy.  This is a gut-check vote for Republican legislators who supposedly believe in free markets.  It would be beyond disappointing for GOP "leaders" to cave into the Democrats and UAW on such a significant issue. Furthermore, any GOP votes in support of a multi-billion dollar loan to "buy time" should be viewed as nothing other than an inexcusable lack of principle.

Now there's bailout money for transit agencies in the House version of the bill?

Democratic Sen. Max Baucus of Montana announced he was against the measure because of a provision to bail out transit agencies. The bus and rail systems could be on the hook for billions of dollars in payments because exotic deals they entered into with investors — which have since been declared unlawful tax shelters — have gone sour.

This is a typical government spending orgy and an outrage!  Good to see that the Senate Republicans are holding firm...for now anyway.

Here's an even bigger outrage:

At the White House, Deputy Chief of Staff Joel Kaplan told reporters at a late-morning briefing that the administration had yet to read the fine print of its "conceptual agreement" with congressional Democrats.

However, he indicated clear support, saying Bush would personally lobby Republicans.

Nice attention to detail.  Oh well, they were going to support it anyway!