In today’s editorial, The Daily Newsleader takes Senate Republicans to task for threatening to filibuster the auto-bailout. That threat led Harry Reid to table the vote, rather then make the opposition carry out an actual filibuster.
The Newsleader comments:
…The Senate could have stayed and tried to get a compromise. They could have let the Republicans filibuster and stand there and read the phone book, their grandmother’s favorite recipes and the rules of chess. They could have let them stand there until Christmas Eve and read the four gospels, the book of Job and Revelations while Virginia’s 15,000 automaker employees and more than 30,000 dealership employees spent a restless night wondering what the New Year will hold for them…
perhaps if it ever came to a filibuster, the opposition could kill some time by reading through this:
The Newsleader editors fail to understand the simpilist of economic and capital principles. Nothing is to big to fail. Companies fail and reorganize every day. Bailing out failing companies only delays (at best) or prolongs and worsens the pain. The Big 3 got into this by conceeding to outdated and unrealistic Union demands and the Unions are as equally to blame for pushing for labor policy that puts workers and industries at a competitive disadvantage in this global economy.
