There nothing aboot these bailouts that don’t suck: the moral hazard of bailouts begating more bailouts, everyone having the same story aboot how if they don’t give them a check on Monday it’s going to cause Depression V2.0 on Tuesday (America isn’t supposed to negotiate with terrorists), the $34 billion for the auto companies when we can but them outright for $17 billion…the list goes on.
Most of us with a (R-State) after our last names agree that voting for the last bailout was a mistake, and after making the Big Three play the “stupid CEO tricks” Nancy Pelosi and the Democrats are going to cut them a check anyway. That doesn’t mean R’s shouldn’t try to get something out of the deal, and Hugh Hewitt has a great idea:
“The GOP should demand a real concession as part of a quick deal to get Detroit cash. I think the price from the Dems should be a cut in the corporate tax rate for MI- and OH-headquartered businesses to Ireland’s 12.5%. As Wesbury said, it would spark a huge economic revival in the Wolverine and Buckeye states –just huge. And the teaching moment would be huge as well.”
This sounds like a great opportunity for a fiscally conservative reformer to make a stand. Paging Paul Ryan, your party turns its lonely eyes to you.
UPDATE: Awesome! Now lets tie it to opposing “card check” too…
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