IXLR8

Auto Industry Recovery Once Again Postponed

Paulk8756, the $50B is NOT a bailout--it is what congress should do EVERY TIME they mandate (no, that's not a Barney Frank term) any action on any entity.

Simply put, if Congress in their dubious wisdom requires any entity to do something for the common good, they should BE REQUIRED to cover the costs with taxpayer funds since the taxpayers benefit from the increase in the common good.

Up until now, we have had to eat a multitude of unfunded mandates, the most offensive being the requirement to sort through a tax code that has more words than the Bible. And, if a mistake is made, it's assumed that you are guilty--penalties include fines and jail time. The total cost of congressional and administration regulation on automobiles is well above $8,000 per car. And the taxpayer is paying for that TWICE--first through taxes and once again in the purchase price.

It's high time that congress remembered who signs their checks.