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Mises Economics Blog

Politician: it's not your money

November 20, 2008 8:40 AM by Tim Swanson (Archive)

So says Michigan Republican Congressman Joe Knollenberg chastising opposition to the auto bailout. Apparently it's not taxpayers money, it's not your money -- it's his.

I should note, my mom just bought a new car and qualified for financing. So he's wrong again about a "credit crunch." Oh, and it was a Honda.

Via Clusterstock

See also: the Bailout Reader

Bookmark/Share | Comments (12)

Comments (12)

  • Keith

    Knollenberg just lost his re-election. He's gone as soon as Congress leaves town.

    Published: November 20, 2008 11:31 AM

  • rob

    "We did everything that was asked of us."

    If this doesn't prove that Knollenberg works for the Big 3 and not the American taxpayer, I don't know what does.

    Published: November 20, 2008 1:53 PM

  • Harold L.

    While it's true that the federal government and its standards deserves some credit for the mess that is the Big 3 (i.e., "we did what was asked of us"), it doesn't change the fact that as you said Rob, Knollenberg is working for them, and against the citizens who have no desire to prop up a failing business.

    The thing about the "credit crunch" that should be pointed out is that yes, there is no available capital to make risky loans to bad credit prospects. As if that were a bad thing. Any business using a model structured on a perpetual need to make loans that shouldn't be made needs to die, and quickly.

    Published: November 20, 2008 2:09 PM

  • Mark from Prague

    no wander everybody just holds back in this situation and refrains from spending, it is simple because nobody knows how much more is government going to slash on failed banks, insurers, car makers, ... and nobody knows how much he will be left after taxes and inflation eat into his cash !!!!

    Published: November 20, 2008 2:45 PM

  • Mark from Prague

    no wander everybody just holds back in this situation and refrains from spending, it is simply because nobody knows how much more is government going to slash on failed banks, insurers, car makers, ... and nobody knows how much he will be left after governments' taxes and inflation eat into his cash !!!!

    Published: November 20, 2008 2:49 PM

  • Jason B

    Knollenberg was my congressman and I voted against him for voting for the financial "crisis" bailout. Not surprised he is shilling for the Big 3. Bye bye Joe!!!

    Published: November 20, 2008 3:44 PM

  • kurmudjin

    Congressman Davy Crockett said it most eloquently almost two centuries ago: "Not Yours To Give!"

    Published: November 20, 2008 6:58 PM

  • chris

    how about some of these CEO s that came to him start putting part of their huge paychecks back into their companies to keep them alive? cut back on their spending and the companies spending, try to lessen cost of production and take a clue form the market,people like Honda an Toyota makers of small, nice cars, not gm and fords thirty thousand cloned models of the same suv.

    Published: November 20, 2008 8:13 PM

  • chris

    how about some of these CEO s that came to him start putting part of their huge paychecks back into their companies to keep them alive? cut back on their spending and the companies spending, try to lessen cost of production and take a clue form the market,people like Honda an Toyota makers of small, nice cars, not gm and fords thirty thousand cloned models of the same suv. and no, there isnt a credit crunch, because i too was able to recently buy a car. (a mini)

    Published: November 20, 2008 8:13 PM

  • Lester Hunt

    kurmudjin,

    That Crockett speech was great. Thanks for the link.

    Published: November 20, 2008 8:42 PM

  • Kurmudjin

    Lester,

    Isn't it amazing! You will never hear the likes of that from any of the liars and thieves in Washington today.

    Published: November 21, 2008 5:07 PM

  • kurmudjin

    chris,

    Money, no. Perqs, maybe.

    "Auto Execs Fly Corporate Jets to D.C., Tin Cups in Hand"

    and the result of the publicity: "GM Gives Up Two Corporate Jets"

    Published: November 21, 2008 5:16 PM

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