Wednesday, December 10, 2008

Auto Bailout Passes House

Step one in the plan to nationalize the auto industry has been accomplished:

Act I of Kabuki Auto Bailout Theater is over. The House tonight passed the UAW bailout bill 237-170, with 1 voting present and 26 not voting.

Here are the Republicans in the House who voted yes — 32 pro-bailout, anti-free market Republicans. Remember them:

Barton (TX)
Buyer
Camp (MI)
Capito
Castle
Ehlers
Emerson
English (PA)
Frelinghuysen
Hoekstra
Hunter
King (NY)
Knollenberg
LaHood
LaTourette
Lewis (KY)
Manzullo
McCotter
McCrery
McHugh
Miller (MI)
Murphy, Tim
Porter
Ramstad
Regula
Rogers (MI)
Ryan (WI)
Smith (NJ)
Souder
Upton
Walsh (NY)
Young (AK)

Rep. McCotter voted for massive government intervention to prop up failing industries. Hey, Rep. McCotter: How about revisiting all your high-minded rhetoric about returning to first principles. Ask yourself your own question: “Why is there a Republican Party?”

Republican Joe Barton’s rationale for supporting the bailout? Well, golly gee, we gave so many other industries massive bailouts, it wouldn’t be fair to say no to the carmakers. Crikey:

“It would be an absolute shame to force those companies into bankruptcy,” he said. “If we can give the AIG’s and the Wells Fargos and the JPMorgans of the world — each of those individual companies — between $40 and $45 billion,” then certainly the carmakers deserve a $15 billion bridge loan.

Here are the nays — 150 of them Republicans, 20 Democrats (full roll call vote is here)

Socialism in action.

Better call your Senators first thing in the morning. The 'Gang of 5' are the last hope now.

There's my two cents.

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