We knew it was unsustainable, but it’s good to see the era of Democrat-style re-regulation coming to an already. And I like that term, “bailout fatigue.” From the Washington Post:
Stung by the escalating costs of various Wall Street bailouts, lawmakers pressed the executives to say how they would spend $25 billion from the taxpayers.
“The American people have bailout fatigue,” said Rep. Spencer Bachus (Ala.), the panel’s senior Republican.
Several lawmakers also berated the auto titans for traveling on private jets to ask for a government handout.
“There’s a delicious irony in seeing private luxury jets flying into D.C. and people coming off of them with tin cups in their hands,” said Rep. Gary L. Ackerman (D-N.Y.). “It’s almost like seeing guys show up in the soup kitchen in high hat and tuxedo.”