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Results tagged “joe knollenberg” from Nealz Nuze

I'M SORRY, WHOSE MONEY?

By
Neal Boortz
@ November 20, 2008 9:13 AM
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At least Barney Frank is being honest about this bailout. He has admitted, it is not about the auto industry, it is about the unions. And he doesn't think that $25 billion is enough to save them. In fact, he doesn't think that number is "fair" because companies like AIG have been given more of your tax dollars in the form of a bailout. And this is "biased" towards white collar workers.

Here's Barney Frank on NPR:

"Well, AIG, which I don't think anyone would think was as important to the American economy as the auto industry ... got $40 billion just now to make it up over $100 billion. To some extent, let's not have a white-collar/blue-collar bias in our public policy. You know, those who say, hey, go bankrupt so you can cut back on what the unions have won -- the unions have already made some concessions. But, you know, we've had enough anti-union activity, and enough increase in income inequality in this country. I don't want to set a precedent that bankruptcy now is a way in which you undo what gains unions have been able to hold on to."

Wow, he really hits on all the high points here. Wealth envy. Income inequality. Anti-union activity.

Then we have Senator Carl Levin. He says that it would be "unthinkable" for Congress to let a "dispute over the source of the funds" be the reason not to bailout the auto industry. A dispute over the source of funds? Those funds don't just magically appear, Mr. Senator. Those funds are the tax dollars of your constituents. That's the issue here .. not just an ancillary dispute.

And finally, we have GOP Rep. from Michigan Joe Knollenberg. He says that the money funding the auto bailout "isn't your money." Do you hear that? It's not your money. Someone needs to remind this guy, who thankfully lost his bid for reelection, that the government is not independently wealthy but funded by the taxpayers.



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