politicalbull

“Until they show us the plan, we cannot show them the money,” said House Speaker, Nancy Pelosi, at a press conference today.  Pelosi was referring to the “Big 3” automakers, those who had recently been to the Capital pleading for a government bailout of their struggling industry.  

With this statement, Pelosi is making clear that she is holding the automakers accountable for why, and how, any such money would be spent if the government were to give them the money—a very big IF at this point.  

Specifically, Pelosi requires a plan that would demonstrate how the money would “transform” their industry, making them competitive, and demand an accounting of how they plan to spend the money.   

I say…BRAVO.  I wish they had put the same kind of conditions on the banks before they bailed them out.