GOP-initiated path down socialism continues with bailout for Detroit Three advancing -- If Cerberus won't help Chrsyler, why should taxpayers?

This would not be happening if the 2008 races were not over. America is sick and tired of bailouts.

From The Wall Street Journal:

New signs of deterioration in the U.S. job market added impetus to appeals by Detroit's auto makers for a bailout, as Democratic leaders in Congress and the White House neared an agreement to providing a down payment to keep the industry afloat until early 2009.

Chrysler's efforts have been complicated by increasing congressional scrutiny about why its majority owner, Cerberus Capital Management LP [one of the world’s richest and most secretive private investment companies], doesn't help the auto maker. Mr. Nardelli acknowledged Friday that he has appealed to Cerberus for help and was turned down. A Cerberus spokesman disputed that notion. "Cerberus and its affiliates have worked tirelessly to assist Chrysler in every imaginable way," he said.

But some on Capitol Hill believe Chrysler and Cerberus want short-term financing to buy time before selling the auto maker or merging it with another company. GM and Chrysler held merger talks this fall before the industry's condition worsened. If Cerberus "will not put forth any more money to stave off bankruptcy, how could we in all good conscience expect taxpayers to take on this substantial cost?" asked Rep. Ginny Brown-Waite (R., Fla.).
______________

According to The New York Times:

So far this year, Cerberus has spent nearly $2 million on lobbying, while Chrysler has spent $5 million, according to Senate records. Ford has spent more than $5 million and G.M. $10 million.