[Guest post by DRJ]
Democratic Congressional leaders announced today that the possibility of an automaker bailout is on hold until December 2. The automakers were told to use that time to formulate plans to responsibly use government money. No doubt they will also use that time to formulate bankruptcy plans.
Speaker Nancy Pelosi offered this advice to GM, Ford and Chrysler:
“Until they show us the plan, we cannot show them the money,” Pelosi added.
Pelosi said that Congress wants to help the automakers because “survival is essential to maintaining our manufacturing and industrial base and that industrial base is essential to our national security.”
But she said, “We won’t move forward with any of these plans until we see more accountability and the prospect for viability.” She repeated the words “accountability” and “viability” at least a half dozen times.”
Got that? Survival of the automakers is vital to national security but letting the oil and gas industry drill for more American energy is a hoax.
Which do you believe is more vital for national security — Union built SUVs or abundant energy?