Assigned Reading: Car Chiefs Grilled on Dealer Closings
(FROM: The Wall Street Journal)
This is what amazes me, constantly, about Congress. Back on March 23, I said that Congress’s passage of an unconstitutional ex post facto 90 percent tax on the executive bonuses which they themselves facilitated was “the equivalent of me punishing my two-year-old for eating a cookie after I baked a batch and offered one to her, urging her to take a bite.”
This is the same thing. My goodness, the executives from General Motors and Chrysler were being questioned about dealership closures by the very people who made the closures happen, if not directly than through dictated CAFE standards and other governmental impositions on private business. Heck, the former GM CEO was forced out by the executive branch!
In the piece, Sen. John Rockefeller IV is quoted as saying: “I honestly don’t believe that companies should be allowed to take taxpayer funds for a bailout and then leave it to local dealers and their customers to fend for themselves with no real plan, with no real notice, with no real help.”
I’m sorry . . . allowed to take taxpayer funds for a bailout? Try forced, senator. If Congress would get its do-nothing, smelly hands off of private enterprise in the United States, then perhaps private enterprise could actually shake off the burdens placed upon it by the government and grow. The whole thing is absolutely insane, and I wish the American people were paying attention to see it.