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11.19.2008 4:58 pm
Be wary: Congress is trying to pass the automaker bailout quickly
Letters
St. Louis Post-Dispatch

Be wary my fellow taxpayers, Congress is trying to quickly pass a $25 billion bailout plan for the Big 3 automakers. (Automakers will make case today for $25 billion in loans) The last time we were duped into acting before thinking we were told that the banking industry was near total collapse and without the $700 billion financial bailout doom was imminent. Now, more than a month has passed and the credit market has still not loosened up and better yet, Henry Paulson calls an audible and decides that what he told the taxpayers back then what he needed the money for is no longer the case and he will now use the money in a different manner. One would have to believe that the executives of the Big 3 would be tempted to do the same thing; use the money for something other than its intended use.

Joe Patterson
South County


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