Congress really does not understand economics in any way shape or form. The Congressional hearings about the auto bailout truly astound me. Many of these same politicians who are belittling the auto industry executives had no problem supporting the fall 2007 strike by UAW against General Motors (Does Mr. Obama remember this by any chance?), they had no problem adding greater standards and regulations since the late 1990's, they had no problem driving vehicles which were not made by the Big 3. Nope none of this means anything to Congress. But to listen to Mr. Franks rant about their industry makes no sense to me whatsoever, his clueless remarks shows me and millions of other taxpayers how far removed he is and the rest of his Democratic party when it comes to the harm that Congress has burdened our economy with.
Congress has little if any real working knowledge about how our economy works and as such they continue to do more harm than good for our economy. The mortgage crisis, the credit crisis and the now the auto industry crisis can be traced to the United States Congress, an omnipotent, illogical charade that taxpayers must support.
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