Details of the private White House meeting between President Bush and President-elect Barack Obama have been revealed. From CNN:
At their private Oval Office meeting on Monday, President-elect Barack Obama urged President Bush to support billions of dollars in aid for the struggling auto industry during the upcoming lame-duck session of Congress, according to three officials briefed on the meeting.
The officials said Bush privately expressed skepticism about taxpayer money for automakers on the heels of a string of government bailouts for other industries, and the president also urged Obama to help push through a free trade pact with Colombia – a key legacy item for the outgoing administration that is facing stiff resistance from Democrats on Capitol Hill.
I can’t say I’m pleased with Obama’s desire to introduce yet another multi-billion dollar bailout to a failed industry. This was my fear with the first bailout. Now you’re going to have every industry and every corporation in America wondering where their government bailout is. The American auto industry is in the position they are in because they produce an inferior product. Period. I don’t understand why my tax dollars have to be used to help an incompetent business continue to be incompetent.