There was a photo op at the White house with President Bush on Monday with the heads of the U.S. auto makers and the Secretary of Transportation. This little meeting was no doubt arranged by Bush's former chief of staff Andrew Card who just happened to be a former lobbyist for the automakers.
Here is the money quote:
"One of the things that I think it's important for American taxpayers to understand is that we're using some of their dollars to promote new technologies, and we're working with these CEOs and their respective companies to advance new technologies." -President Bush
TRANSLATION: I just wanted to tell the American Taxpayers that we are giving these automakers some corporate welfare because they want the money instead of spending their own. Besides I owe them and this is how I pay them back. Thanks sucker taxpayers!
I wonder how much money the Bush administration gave Toyota to develop the revolutionary Prius car. How much did that cost U.S. taxpayers? The U.S. automakers should be ashamed to accept this corporate welfare because it really amounts to we taxpayers subsidizing their research & design efforts. That is not capitalism that is corporate welfare!
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