Double Standard
Congress spent weeks debating whether or not to bailout the auto industry and ultimately decided against it. Then Bush spends another week hemming and hawing before eventually giving Detroit about $17 billion. The deliberators were concerned how the money was going to be spent, and rightfully so. The automakers haven’t proven themselves fiscally responsible. But then again, neither is the federal government. However, when the banks went to Washington with hats in hand (I wonder if they flew to DC in private jets), Congress forks over $700 billion without any accountability. So why should we be surprised when part of the money is spent on CEO bonuses?
