This is Change You Can Believe In? Democratic Bailout of GM

It's official. The Democratic Congress and its new partner, the inexperienced President-elect from Illinois, are going to ram a GM rescue bill through Congress ASAP.

In an unsurprising turnabout from his campaign, the Illinois freshman Senator has suddenly found corporate welfare he can believe in.

At least, when it goes to a blue state with an all-Democratic lineup of Senators and governor. And happens to be home to the UAW.

Maybe his logic is this. Why hike taxes on some corporations, when it's easier just to own them outright?

Humor aside, this is the President-elect's first, and very expensive, gift to his far-left supporters from the UAW.

As I wrote in this post on my companion business blog recently,

"If Ingrassia's (and my) recommendation was followed, the union which supports the current Congressional majority party and the President-elect would, as Paul notes, be forced, in bankruptcy, to see their existing contracts and benefits vanish. The UAW gets a much better deal by feeding off a government-subsidized, barely-living GM corpse than it does in bankruptcy court. Any chance this explains the Congressional insistence on last month's multi-billion dollar loan to the auto makers? And their further desire to shovel more aid without demanding bankruptcy?"

So we see that, even before his inauguration, our next President is returning to past 'failed economic policies' against which he railed in his campaign.

After all, doesn't it make more sense to make the UAW suffer along with everyone else for whom inflated economic promises have been shown to be fraudulent? I'd rather see our government directly deal with former GM workers simply as citizens, rather than indirectly, as union members, through a nearly-lifeless corpse of a company.

This may be a record for the shortest time period in which a newly-elected President ran away from his most prominent campaign promises and morphed into someone else entirely.

Look for the independents who helped elect him to turn on this guy sooner, rather than later.