Another Sensible Argument from Robert Reich

Robert Reich favors the auto bailout, but not as much as he favors democracy. Congress has said no, so why should the White House be able to trump this decision?

If TARP is a slush fund, everything's arbitrary. We're no longer a nation of laws; we're a nation of Treasury and White House officials with hundreds of billions of dollars of taxpayer money to dispense as they see fit. Why rescue autos and not, say, the newspaper industry, which is heading for oblivion. Better yet, why not rescue state and local governments? They're running short about $100 billion this year and as a result are slashing public services, including the nation's schools.