Saturday, November 15, 2008

Democrats' Push for Full-Scale Stimulus Stalled Until Jan. 20

The Washington Post on how Nancy Pelosi wants to federal government to own part of the car industry:
Pelosi (D-Calif.) told her colleagues to assemble Wednesday for consideration of the smaller stimulus package, but even that session is contingent upon the Senate approving legislation for the auto industry.

Any bailout of the Detroit automakers would include provisions to limit executive compensation and provide the Treasury with equity stakes to ensure the government would be repaid in full if the participating companies thrive financially in the years ahead.
Is there any limit to majority rule creeping socialism?