Here’s what the esteemed (cough cough) Congressman Frank said regarding a proposed 25 billion dollar bailout of our incompetent, failing auto industry:
“The House is ready to do it,” said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. “There’s no downside to trying.”
There’s no downside to trying? How about pissing away another 25 billion dollars of our money to temporarily postpone the imminent demise of these companies for 6 months or so? Surely we must have other more intellegent uses to put that money to, no? Frank has proven time and time again, as when he refused to accept that Fannie Mae and Freddie Mac were ready to implode and bring our economy down with them, that he’s just dangerously clueless.
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