Congress is now wondering what Mr Paulson is doing with the $700 billion that they put in his lap about 3 weeks ago. Where is the oversite? Why is he changing his mind? Because Congress was in such a hurry to "fix" the problem, nothing was really thought out before the money was allocated.
And now they are getting ready to bailout the auto industry. $25 Billion for what? - To prolong the misery. If they would just let the companies in trouble dig themselves out or go bankrupt, they would have to get rid of the leadership that put them in financial trouble in the first place. The union contracts would go out the window and everyone would have to get real about salaries and benefits that will keep the American automobile competitive. Please Congress, President Bush and President elect Obama, "No more bailouts!"
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