Evidently Commerce Secretary Carlos Guiterrez has been tasked by his employer to oppose giving the American Big-3 automakers bailout loans. Says the good secretary: "If you start that, where do you stop? There's a line of companies of industries waiting at Treasury just to see if they can get their hands on those $700 billion."
My dear Mr. Secretary, shouldn't you have asked this question before your employer OKed the $700 billion bailout? And instead of asking a rhetorical question, shouldn't you have addressed your question to your employer and waited for a genuine answer? Now that the bailout is in progress, isn't it too late to be so fastidious about who get the bucks and who doesn't? On what logical, consistent basis can you refuse anyone? Since you have thrown away any principles to stand on, on what basis do you make this stand?
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