Nancy Pelosi buys a car
Via Tuesday Morning Quarterback, here's a pretty good representation of what happened with the GM and Chrysler bailouts.
"Children, this is where we give away your future."
Based on how poorly Washington has negotiated with General Motors and Chrysler, here's what it might sound like if Nancy Pelosi was buying a car:Just another reason government shouldn't be picking the economy's winners and losers.
DEALER: Yes sirree, I can let you have this cherry-red baby for $19,999.99! Plus undercoating and dealer prep.
PELOSI: I'll pay $50,000.
DEALER: For a limited time only, I can throw in remote-controlled eight-way power cupholders, for another $999.99.
PELOSI: I'll buy them at $75,000.
DEALER: Do you want the extended warranty?
PELOSI: No. But I'll pay another $25,000 for it.
DEALER: Aren't you worried something will go wrong?
PELOSI: If it does, I'll just send the bill to the taxpayer.
DEALER: So you are willing to pay $150,000 for a $20,000 car? I'll have to go ask my manager! (Disappears into back, pretends to talk to manager, returns.) Lady, you drive a hard bargain. He says that for $31 billion, we will give you absolutely nothing at all.