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The “Big Two” Bailout – Let’s See the Bill!

Back when the bailout train was getting rolling, House Speaker Nancy Pelosi posted the financial services bailout legislation on her blog Sunday September 28th, 2008 at 3:12 pm.

The House voted on the bill the next day at 2:07 pm. It was only 22 hours, 55 minutes later – not quite the 24 hours that the Speaker had promised. But posting the legislation online for the public to look at was a big deal, and an important step forward in government transparency.

Yesterday (Monday) afternoon, reports were that congressional Democrats and the administration were close to a deal on a $15 billion bailout package for the auto industry. Not the “Big Three” any more – Ford Motor Company has decided not to go begging to Washington for help. Kudos, Ford.

Anyway, $15 billion is a little over $50 per family in the United States, or $16 per person. It’s not certain that the entire amount is being put at risk, and this report has it that the money would come from an existing fund to help produce more fuel-efficient cars (thoughts on that here). But we should get a look at this bill and where our money is going 24 hours before it gets a vote, just like (er, a little better than) the financial services bailout.

Visitor Comments for The “Big Two” Bailout – Let’s See the Bill! RSS 2.0

Transparency in the Auto Bailout? | Think Tank West

[…] (which I run) asks “Can we see the bill?” The auto bailout should get the same scrutiny as the financial services bailout, one would […]

Mike Schackel

I would like to see the Big Three make it but only if the Unions are taken out of the picture. They are the problem! This is a Union Bailout! The Unions need to be dismantled in the auto industry or they will never survive and we will be bailing them out for ever. The Unions in the auto industry and other industries (read NTA) are a large part of what’s wrong in America.

Auto Bailout Passes House - The WashingtonWatch.com Blog

[…] The “Big Two” Bailout – Let’s See the Bill! […]

mike from new jersey

the other night i heard the benefits the unions receive.they have alot vacation time thats out of this world i am in a union (apwu)and i don’t near enough of what they get.i was for the bailout not now let them go down.

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