Friday, December 19, 2008

Bush and the Auto Bail out

http://www.foxnews.com/politics/2008/12/19/transcript-president-bush-auto-industry-bailout/

This is a difficult situation that involves fundamental questions about the proper role of government. On the one hand, government has a responsibility not to undermine the private enterprise system. On the other hand, government has a responsibility to safeguard the broader health and stability of our economy.
Where in the constitution does it say the role of government is to stabilize the economy?

Congress was unable to get a bill to my desk before adjourning this year.This means the only way to avoid a collapse of the U.S. auto industry is for the executive branch to step in.
The legislative branch doesn't pass a bill, so the executive branch does it? Where are they getting the authority to do that??

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