One of the incessant whines from the right is over what they like to call the "nanny state" -- government regulation that encroaches on "their" rights. Rights such as the right to eat as much trans fat as they want in New York City, or the right to smoke cigarettes anywhere and anytime they want.
Today's news out of Washington should give them pause to reconsider - the bailout of Fannie May and Freddie Mac is now going to cost U.S. taxpayers $300 Billion, and I suspect that price tag will rise. One expert yesterday put a one trillion dollar taxpayer price tag on this debacle once it's all sorted out.
Government oversight could have prevented this -- but no-no - the government ain't gonna tell these rubes that they shouldn't borrow as much as they want... nope - ain't no government gonna prevent them from making stupid mistakes. Too bad the rest of us have to pay the price tag on that, rather than have intelligent oversight up front.
Given that these same "conservatives' (what a laughable term that has turned out to be) have backed the trillions of dollars wasted on a phony "Global War on Terror," it's easy to see how far off the tracks the "conservative" choo-choo has gone.
A government which would say "no" to gas guzzling SUVs, and one that forced U.S. automakers to build more fuel-efficient automobiles is, in retrospect, something that should have been done back when global domination was just a gleam in little Dick Cheney's bloodshot eyes - but no again -- ain't no gummenint gonna restrict their access to $30,000 pickup trucks that get 8 miles to the gallon. No sirree.
And once again, all of America pays the price.
They'll take food out of welfare childrens mouths, but expect all of us to pay for their stupid Republican mistakes.
And now this:
Ford Motor Co. posted the worst quarterly performance in its history Thursday, losing $8.67 billion in the second quarter.
The company also said it will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles, and it announced plans to bring six new small vehicles to North America from Europe by the end of 2012.
2012 is about 8 years later than it should have been. The instant GWB yelled "Charge!" regulations should have gone into place requiring more fuel-efficient vehicles in order to reduce our dependence on mid-east oil. It was war - and a wartime effort was needed. Americans would have gladly risen to the occasion, and would have made sacrifices.
Today we have $5 a gallon gasoline and record oil company profits instead, and every-day Americans are paying dearly. Some - a lot in fact -- will pay with the loss of their jobs.
Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!