Rejoice! (for now)

A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.

Tonight, the Senate Republicans– with ten, very ugly exceptions– have taken a stand for free markets and economic liberty in their defeat of the bailout of the automotive industry. Of course, its never too late for Democrats and “compassionate conservatives” to work together to subvert the democratic process:

Majority Leader Harry Reid said he hoped President George W. Bush would tap the $700 billion Wall Street bailout fund for emergency aid to the automakers. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain.

Barring any such abuses of executive power, it is difficult to say whether GM will now file for bankruptcy– a move that should have been made months ago– or if they’ll try to remain afloat until January when the new Congress comes into session, at which point they’ll have another go at brandishing their sores and tears, attempting to trade them for stolen assets. Most likely the latter.

For now, though, it is nice to know that while I am going to sleep happy– or at least momentarily satisfied– Congressman Harry Reid is “terribly disappointed that we are not able to arrive at a conclusion.” I hope that bloodsucker tosses and turns all night.

Time to suit up for next month.

Ayn Rand once wrote:

“The basic need of the second-hander is to secure his ties with men in order to be fed. He places relations first. He declares that man exists in order to serve others. He preaches altruism.”

With the possibility of the death of its host looming, the UAW, the ultimate parasite, pulls out all the stops in an attempt to ensure that it can barely remain afloat for a little while longer. Guilt trips, class-warfare, populism. You name it, they’ll do it. Survival at any price.

“Don’t let us down!”

Hat Tip: Hot Air

Dear People of America,

It appears that The Economy™ is in some trouble.

Everyone (all of you) seems to be telling me that if The Economy™ had been more regulated by the government, there wouldn’t be a problem. If you believe that, I have a bridge to nowhere I want to sell you. In short, the problem is not that we have too little government interference, the problem is that we have too much. Please heed this.

Where do you get this idea that politicians, people who not have to do anything of value in order to earn money, have the incredible economic foresight and knowhow to enact the perfect regulations on The Economy™? Most of the men (and Nancy Pelosi) who are brokering The Failout are career politicians, who have no understanding of how the free market works, who have never run a business, or even worked for one for any considerable amount of time. These are the people you are entrusting to fix everything. 

Ladies and gentlemen, I have news for you.

If you honestly believe that our present situation is the result of the unrestrained “greed” of men on wall street (notice how its always men on wall street; of course, there are no greedy women), and that the government needs to step in and save us from them, then you deserve to lose your home and to be poor. 

Any group of people that honestly believes that The Economy™ is suffering because of productive individuals and needs to be saved by unproductive ones, who nominates Barack Obama to be head of state with John McCain as the conservative alternative, deserves to suffer their own contradictions, which means:

America, you deserve to be poor.

But ignore me. Let’s put every CEO and every member of every Board of Directors of every Fortune 500 company in prison tonight, after the debate, with Barack Obama at the head of the mob (John McCain can shoot any that try to escape). After all, they are all greedy, self-interested bastards who contribute nothing to the economy, right? They are only out for themselves, and in today’s economy, we can’t afford anyone who isn’t out to serve the greatest good.