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Wednesday, November 19, 2008

Wisconsin Senators Support Auto Bailout

"Feingold said it must have protections for taxpayers and require the automakers to make more fuel-efficient cars while taking advantage of their existing workforce." - WISN

"Sen. Herb Kohl said the aid must be in the form of a loan and include accountability and the expectations of big changes to revive and renew the industry." - WISN

Gee, I wonder where we heard this same rhetoric. Protections for the taxpayer, accountability, oversight. Oh yeah, on the original big bailout. Then we found out that they were giving out bonuses and taking lavish trips. Sounds like we are heading down the same road again.

What industry are we bailing out next? Airlines? Supermarkets?

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