Saturday, November 08, 2008

Dogs and Seances Instead of Corporate Welfare Investigation?

The amount of analysis over Obama's brief and rather inconsequential press conference yesteday is rather annoying.

Annoying because there was more focus on a marginal PR event, than there was about the strange situation going on with the American car companies. We just handed 25 billion dollars to the American car industry, and a mere 30 days later, all three companies are crying they are already broke again and require more welfare?

Can a qualified journalist please investigate this kind of chicanery? Isn't it possible these bailout packages are rewarding companies who continue to cry the loudest? What is this? Anti-capitalism, where the poorest most inefficient companies on the block get the most money and capital?

And why was this kind of question not asked, instead of questions about dogs, mutts or strange jokes about seances?

Look, I thought Obama handled his press conference well, but the left blogs are proclaiming the conference as some kind of political triumph, and the right blogs are claiming it is proof that our president-elect is a disaster. Michelle Malkin claimed the press conference was proof we just elected Homer Simpson president.

Can someone please shut up the whackos and wing-nuts and find out why all these companies are suddenly so cash poor, that they require a second bail out just 30 days after receiving the first?

Somewhere in the middle of this partisan-cacophony lies a possibility that companies are getting rewarded for squandering their bailout money, and then turning around asking for more. A little less opinion, and a lot more journalism from our media and blogs would be nice.

Does anyone have additional blogs, sites or data on the current situation with the auto-industry?


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