Here we go again.
The guys from Detroit's Big 3 were back on Capitol Hill yesterday with their hands out, claiming that if the government (read: taxpayers) doesn't bail them out, they'll go under.
They claim they can't use bankruptcy laws like everyone else to get their houses in order and restructure. They just need your money. Only 34 billion.
One economist testified that, under their current structure, they would likely need over 125 billion over the next year in bailout funds to stay afloat.
This comes after over a trillion dollars in bailouts for banks and insurance companies already - with the Treasury Secretary talking about another 700 billion soon.
Where does it end?!?!
Tell Congress this madness has to stop!
The government cannot get into the business of bailing out or nationalizing every company that loses money. That's called socialism. And we're headed there fast.
These companies must get their own houses in order not beg the government to pick our pockets and get them off the hook!
Say NO to government incentives for failure. Demand free-market solutions!
Click here to tell your members of Congress to SAY NO to more bailouts! [2]
