So what group might the Democrats first help with the political capital they gathered from their impressive electoral victory?
Average, working-class Americans?
Poor children in inner-city schools?
Giant automotive corporations?
If you answered C), you're correct. It appears that the Democrats may soon push through $50 billion in loans for the Detroit automakers, a doubling of the number previously discussed.
At least they never pulled an about-face on this issue like John McCain: saying that the jobs lost in Michigan aren't coming back, and then supporting this bailout anyway.
The odds of this money going through have to only be increased by today's news that Ford and GM had very rough third quarters.
The GOP is in the middle of an identity crisis. If it wants to shake its reputation as a party of economic elitists out-of-touch with the average American, how about aiming at being the "pro-entrepreneur" party? A good place to start building that identity would be to oppose bailouts for special interests, be they Wall Street or the Detroit Three.
Mike of MI @ Nov 07, 2008 11:32:56 AM