Where's the Bailout for the Oil Industry?
April 2009
Like fabled drunken sailors on home leave, troubled US industries are bellied up to the bar looking for a drink on someone else's dime. That dime is mine and yours and we have awakened with a pounding hangover and just can't seem to remember where all that money went. First in line were the financial institutions and now the auto industry. One ignored financial risk with loans to people who couldn't pay and the other ignored steadily increasing energy prices and the need for more efficient cars. Both are seeking forgiveness for poor decisions.