The car makers bailout legislation that has passed the House of Reprehensibles and is pending action in the House of Gasbags sets up an auto industry czar and empowers him to negotiate on behalf of the auto makers with their creditors and labor unions.
What this really means is that the czar will unilaterally be running the entire show. He'll dictate how the companies conduct business -- everything from design to engineering, to distribution, to marketing. As for the creditors and labor unions, he'll be negotiating with himself as the government already has effective control of all of the nation's financial institutions, and labor unions are dependent upon the government for their viability, favored status, and power.
All this concentration of power is being portrayed as something to protect taxpayers. When, you might well ask, has safeguarding the lives or property of citizens ever been of concern to Capitol Hill's Collection of Clowns? What it actually amounts to is despotism -- the aggregation of power over a huge portion of the nation's economy and industrial capacity that will greatly expand the federal government's ability to control virtually every aspect of the life of every individual.
Finally, here are two additional questions:
1. Did you know that the bailout legislation provides for a pay raise for federal judges?
2. How much of a fair shake can auto companies that don't get a bailout expect to get in competing with others in which the government has an interest?
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