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The big news coming out of Washington overnight was the failure by the Senate to pass a bailout of the Big Three Detroit car makers, after the House of Representatives passed a bailout bill of its own.
The big news coming out of Washington this morning is the Administration trying to figure out a legal way to filch TARP funds voted for bailing out financial companies and send it Detroit’s way.
A lot of online conservatives disliked the smell of the original financial bailout, but held their noses.
A whale of a lot of online conservatives think a bailout of Detroit smells as bad as a barrel of three-day dead fish. (One grassroots effort, Top Conservatives on Twitter, has spawned an action project to help Ford figure out how to use free market mechanisms to dig itself out of its hole. Ford is the only one of the Big Three auto makers on public record stating that it did not need a bailout.)
Rasmussen reports cold numbers for Detroit:
- 53% of respondents expect the car makers to ask for more money
- 51% wouldn’t buy a car from a company in bankruptcy
- 54% of women and 47% of men say no how, no way, to any kind of dealer incentive.
One number showed promise: “Far more than any other age group, 54% of men under the age of 40 say they’d buy a car from a company in bankruptcy.”
Tags: auto bailout, bailout, big three, detroit, tarp
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