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Tipsheet

Obama Advisor Takes Reid-Pelosi Line on Detroit

Barack Obama's soon-to-be White House senior adviser is saying the same thing Democratic leadership is saying about the fate of the Big Three: until you show us a plan, we can't show you the money.
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"If they don’t do that then there is very little the tax payers can do," David Axelrod told George Stephanopoulos on "This Week."

So basically we have the situation where all of  Washington's Big Three players (Obama, Reid, Pelosi) are telling Detroit's Big Three (GM, Ford, Chrylser) to come up with their own bailout package. This has the convenient effect of letting the Democrats escaping any responsibility for it.

But why does anybody, including those Democrats in Washington, think the auto companies would be good stewards of tax dollars? What reasonable person thinks they should be able to dictate their own terms of agreement after we've watched them squander millions upon billions of dollars?  (After all, these are the people who think cutting back from five corporate jets to two shows signficant financial hardship!!)

Sadly, I think we all know the answer to these questions. It's spelled U-A-W.

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