the tindog coffeehouse

Having been rejected once after asking Congress for a $25 billion bailout, the Big 3 automakers are back, this time asking for… $34 billion?! (Funny how car salesmen negotiate, huh?)

But while 61% of Americans oppose bailing out GM, Ford, and Chrysler, the reality is that a bailout is inevitable.

Why? Because of the unions.

You have a Democratic president-elect and a Democratic Congress. The unions, including the UAW, have historically been strong supporters of the Democratic Party. And the UAW “gave 99 percent of its $1.8 million in campaign donations to Democrats in this year’s election.”

Now that the Democrats are in office, don’t think for one second that they would bite the hand that feeds them. If the unions want a bailout, they’ll get it, regardless of whether it’s the right thing to do or not.

So don’t be fooled. All this huffing and puffing on Capitol Hill is largely for the press. The senators get to look tough on the evening news, and in return, the auto executives can play the martyrs. Once Inauguration Day gets here in January, a deal will be struck, and the American taxpayers will get screwed a little bit more.

Previously:
Why the American automakers are in trouble