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Political notes from Free Press staff writers Terri Hallenbeck, Sam Hemingway and Nancy Remsen
11.17.2008
Who's in for the bailout?
Here's my question to you on this fine morning: Who among you thinks the federal government should bail out the auto industry. And why? Were you sitting there at the breakfast table this morning thinking of the ways the government should spend your money and deciding that bailing out an industry that purposefully squeezed every last dollar out of the Big Honking SUV while blindly refusing to plan for the future would be a really good thing? Or could you think of a thousand other places you'd rather that money goes? Meanwhile, Sen. Bernie Sanders said he will introduce legislation today to stop the release of a $350-billion second round of the bailout. Sanders said he has serious concerns about how the Bush administration and Treasury Secretary Henry Paulson are spending the bailout money that was already released. He also said it was unacceptable that the oversight provisions in the bill were ignored. “We should use the second $350 billion tranche to create millions of good paying jobs rebuilding our crumbling bridges, roads, culverts, schools and water systems. We can also create millions of jobs by moving away from foreign oil and fossil fuels and into energy efficiency and sustainable energies,” Sanders said. - Terri Hallenbeck
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