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Dear White House: No means no

By Michelle Malkin  •  December 12, 2008 09:29 AM

The Bush administration apparently didn’t understand the message last night.

No means no.

Senate Republicans drew a line in the sand on bailout mania. And now the White House is scrambling to erase it and expand the crap sandwich once more to rescue the UAW.

No means no.

The White House switchboard:



Puke. Here’s the White House statement.

It is disappointing that while appropriate and effective legislation to assist and restructure troubled automakers received majority support in both houses, Congress nevertheless failed to pass final legislation. The approach in that legislation provided an opportunity to use funds already appropriated for automakers, and presented the best chance to avoid a disorderly bankruptcy while ensuring taxpayer funds go only to firms whose stakeholders were prepared to make the difficult decisions to become viable, competitive firms in the future.

Under normal economic conditions we would prefer that markets determine the ultimate fate of private firms. However, given the current weakened state of the U.S. economy, we will consider other options if necessary – including use of the TARP program — to prevent a collapse of troubled automakers. A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time.

While the federal government may need to step in to prevent an immediate failure, the auto companies, their labor unions, and all other stakeholders must be prepared to make the meaningful concessions necessary to become viable.

Posted in: Subprime crisis