You Go Girl! The Wisdom of Michele Bachmann

It's not often that you hear members of congress straight-talking on the issues. However, during yesterday's hearing for the House Financial Services Committee, Minnesota congresswoman Michele Bachmann released an extremely candid statement about her views on the proposed bailout of the automobile industry.
In her statement, Bachmann vehemently opposed the bailout on the grounds that the American taxpayers simply can't afford to keep these failing companies afloat. For years the auto companies have been becoming progressively less competitive in the world market, so bailing them out would simply be sanctioning their poor business practices - and sanctioning them at the expense of the taxpayer.
Bachmann enumerates the taxpayers current bailout tab:
$29 billion for Bear Stearns, $200 billion for Fannie and Freddie, $300 billion to expand the
Federal Housing Administration (FHA), $150 billion for AIG, and $700 billion for the Paulson
Plan -- plus $110 billion in sweeteners to pass that plan.
Since American taxpayers are already overwhelmed with subsidizing these companies, piling another burden on them would have disastrous effects.