Bailout Madness

In the auto bailout negotiations, Democratic leaders want the legislation to prevent the Big Three from using any of the money provided to fund lawsuits challenging state emissions laws.

No private investor would ever demand such a condition to making a loan or investment. If it was in the best interest of the auto maker to file such a lawsuit, the investor would support doing so.

So the Democrats want to bailout the auto companies today, and continue to hamstring them in their ability to compete and be profitable.