Saturday, Dec. 6, 2008 | 2:02 a.m.
I am extremely disappointed in Senate Majority Leader Harry Reid, D-Nev., and House Speaker Nancy Pelosi, D-Calif., for not giving us the leadership to help the U.S. auto industry with its request for a paltry $25 billion loan.
Bush’s tax cut robs the Treasury of $350 billion per year (now over $2 trillion). And a $25 billion loan is peanuts compared with the $700 billion bank bailout. If the U.S. auto industry tanks, we would be in a very serious depression affecting from 2 million to 3.5 million workers’ jobs.
Penny wise and pound foolish.