I am for capitalism so when it comes to the free market, I am against government intervention, but this is one where I think without it, we’ll be in a great depression scenario. GM alone employs 266,000 people world wide. Between the big 3 they employ nearly 500,000 employees on the assembly lines and GM alone employs over 30 thousand white collar jobs. Then you have Ford and Chrysler, numerous tire factories and cottage industries that are fed off of the American auto industry. Up fitter’s like Master Rack, Lear, Crown and Knapheide here in Missouri that would then lay off employees. The totals could be over a million that are unemployed as a result of the "Big 3" closing.

What can Bush do? I wouldn’t agree to a bailout if I were the president; what I would do is allow congress to pass the legislation in the House and Senate, then do a "Pocket Veto" where the president does not sign the bill nor does he reject it and it becomes law within 10 days anyway and then his signatures not on it. What I feel will happen to President Bush, and congress has already done this to him before, where they draft the legislation and say it's a bipartisan effort viola the (Education Bill drafted by Ted Kennedy) then the president signs it into law and they point the blame at him for bailing out the Wall Street and Halliburton buddies. I would rather the bailout be 100% democrat so that they look like they are giving the corporate welfare and Bush and all of the republicans should say so. That is why Pelosi wants the president to push for the bailout so he takes the blame and gives them more ammo.

You know if he signs it, the democrats will say this president bailed out his Wall Street buddies again and didn’t do anything for the middle class when in reality, the bailout would do nothing but save the middle class. The corporate fat cats have enough money to never have to work again anyway so essentially the middle class will be the unemployed on the food lines.

This bailout has the need for a Barack Obama signature, so that the media and the democrats do not use this as another diversion and a way to antagonize more class warfare. Since Pelosi is the one calling for the bailout, let it fall on the democrats shoulders, after all they are the ones that receive all of the Union blood money via campaign contributions. The volatility of the economy as it stands today, there is no guarantee that a bailout will not just temporarily postpone the inevitable and the industry could fail anyway. Plus numerous industries are calling for government intervention while screaming stay out of private businesses affairs.

With no intervention, there is the possibility of a huge catastrophe. With intervention, the possibility of a huge catastrophe remains. Government intervention prevents the normal market corrections from taking place which force companies to streamline costs and efficiencies.

Your thoughts?