An excellent talk on the proposed auto industry bail out

This video was made just before the Senate voted down the bail out. HOWEVER, make no mistake that it will come up again soon.

Bush signed the bill in secret because it was WRONG to do

I wrote about this earlier. This is just wrong. It is wrong to give open authority to bureaucrats on lending allegedly private mortgage companies money. It is wrong to bail out private citizens because they used bad judgment in getting mortgage loans. We are getting hosed.

Here is the story.

With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday, shortly after he arrived in the Oval Office.

Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the director of the Federal Housing Finance Agency.

The White House announced the signing by e-mail moments later.

The bill, the biggest overhaul of housing law in decades, provides a lifeline for an estimated 400,000 homeowners facing foreclosure, and provides assurances to the mortgage giants Fannie Mae and Freddie Mac, whose books are loaded with bad mortgages.

Yeah, ethanol sucks

Regardless of my views on ethanol as a fuel or the government mandates, I gave the idea of an ethanol plant in Selma a fair view, I believe. I also gave the building of an ethanol dispensing facility at one of the local oil terminals fair treatment at the Planning Board meeting. Still, I believe that ethanol is a boondoggle. Leave it to Walter E. Williams to have a great column on the ethanol scam. Read it here.

The reason for the proposed ethanol plant in Selma AND is ethanol a boondoggle?