- The Washington Times - Friday, November 21, 2008

ANALYSIS/OPINION:

In October, President Bush played Chicken Little, demanding that Congress pass an emergency bank bailout or face economic Armageddon, despite the outcry of the American people. With little debate, the government committed over a trillion dollars to unlock a financial logjam, socializing a huge part of the economy along the way.

Now Mr. Bush and Treasury Secretary Henry M. Paulson Jr. — a Goldman Sachs Group Inc. alum — have found free-market religion and are fighting against a comparatively puny $25 billion lifeline for U.S. automakers. Unlike bankers, the auto industry actually makes things, and it employs roughly a million regular people whose only crime is living outside the Washington-New York axis. The left has long ridiculed Republicans as tools of the rich; the Republican scorn for working people while kowtowing to financiers is proof that sometimes such stereotypes have merit.

DANIEL RABIL

Centennial, Colo.

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