Heritage Senior Research Fellow James Gattuso appeared on Hardball with Chris Matthews last night to talk with Pat Buchannan about the auto bailout. Gattuso has also written about the bailout. [youtube]http://www.youtube.com/watch?v=GnOV8okhQgA[/youtube] In the interview Pat Buchanan stated Heritage is completely subsidized. … You get all this money from big fat corporations. This, however, is not the case. According to our most recent annual report (for 2007, page 28), less than five percent of our $45.6 million in income from contributions that year came from corporate donors. 58 percent of our contributions …
In an Op-Ed peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting fires: One would think that, since the government created the crisis, they should fix it, right? No. They should STOP interfering with the markets, not interfere more! They should let lenders make prudent loans and let energy producers produce energy and they should let the automakers get out of this mess without government meddling. You don’t send folks with gasoline to put out a fire. …
Heritage Senior Research Fellow James Gattuso explains what happens when bankruptcy is declared and why it is a better option for Detroit Automakers [youtube]http://www.youtube.com/watch?v=6wKGODqsZ2o[/youtube]
