Political Bloviation

Jane over at Firedoglake makes the salient point about why the GOP doesn’t support bailing out GM (Chrysler and Ford too), while it’s OK to bailout Wall Street:

Firedoglake » Zapping the Volt
All this screaming about bankrupting GM has everything to do with a conservative philosophical imperative that the free market will set all these things right, that unions are bad and they are an affront to free enterprise. It’s a moral position not a rational one, and it persists despite all evidence to the contrary. It should have been thoroughly discredited by this point, but alas, some continue to cling to it. The problems being suffered by the auto companies right now are nothing more than a shock doctrine opportunity to destroy the UAW to them. They either have not come to terms with the fact that one in every twelve jobs in this country have income that is tied to the Big 3, or they simply don’t care.

Ideology trumps economics, again. She also notes that allowing GM to go into chapter 11 bankruptcy will probably kill the Chevy Volt, due out in 2010. The Volt is exactly what the “Green Economy”, so beloved in campaign rhetoric, needs to get moving. It would be a real loss to see it die on the vine.

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