Friday December 19th, 2008
President Bush announced today that because Congress failed to authorize a bailout of the U.S. auto industry, by executive order the National Government will be bailing out automobile companies using funds from the Troubled Assets Relief Program (TARP) , which was established earlier this year by the Emergency Economic Stabilization Act of 2008 to bail out failing financial institutions.
This is a unbelievably devastating blow to our constitutional government.
