13 November 2008

I Hope Obama Doesn't Get Mad At Me...

But from what I've read, Obama wants to make Washington more "wired" for the express purpose of making our Government the transparent one it purports to be. Towards that end, let me point out the conflicts-of-interest inherent in the proposed Bailout for the Big Three Auto-Makers:

The unions are one of the core constituencies of the Democratic Party. The UAW (United Auto Workers) does not want the Big Three to crash or file for bankruptcy. Because if that happened, the Big Three wouldn't be able to make good on the wages, pensions, and other benefits the UAW has negotiated for its workers. I'm sure the UAW is lobbying hard right now for this proposed bailout...

And some Democrats may be tempted to back this proposed bailout mainly to curry favor with the voters of manufacturing-heavy, blue-collar states like Michigan, Ohio, and Pennsylvania--all of which went Blue this past election. If the elected representatives from those states want to fight for this proposed bailout on behalf of their electorate, that's fine with me. What's not fine with me, however, is if the Democratic Party as a whole backs this bailout because it's more concerned about protecting its position in future elections than with the overall financial health of this nation.

I'm not saying that's necessarily what's happening here. But I just want everyone to factor in these conflicts-of-interest when forming their own opinions on this proposed bailout. Because this isn't just our current financial well-being at stake, here--in reality, we are paying for these bailouts using the credit cards of our children, so to speak. We can't keep doing that--we just can't. Let those kids get into their own credit card debt, if they do--because that's the American way...

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