"I have sworn upon the altar of God, eternal hostility against every form of tyranny over the mind of man."

Thomas Jefferson
Sept. 23, 1800

Thursday, December 11, 2008

Senate Republicans Preparing To Compromise On Bailout Bill

Stephen Spruiell at National Review Online reports on Tennessee Senator Bob Corker's negotiations with Sen. Reid on the auto bailout bill. He's looking to give the proposed "car czar" much of the authority of a bankruptcy judge, forcing the companies to cut labor costs and deal with bond holders. Bloomberg.com has a story on the negotiations here.

Spruiell's point that a bankruptcy judge would be better than a "car czar" trying to act like a bankruptcy judge is well taken. The courts are the proper venue for this restructuring and congress should step aside. The GOP seems unable to learn that being the Democrat-lite party is not the path to success.

Senator Jim DeMint thinks the American people have about had enough. He's predicting "riots" if even more select people are bailed out with money from taxpayers who aren't exactly sitting pretty themselves. Here's the video.

Maybe riots are a bit counter-productive, but I would like to see the American people stirred up in defense of the free market.

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