John McCain Says: Let's Bail Out the Auto Industry

Here is one of the planks of John McCain's plan "for getting the economy back on track by helping small businesses."

John McCain Will Veto Any Bill That Serves Only The Special Interests And Corporate Welfare. On his watch, there will be no more subsidies for special pleaders, no more corporate welfare and no more throwing around billions of the people's money on pet projects.

So how do you square that statement with McCain's coming out in favor of $25 billion in loans for the Detroit auto industry?

If that's not "corporate welfare," then the term "corporate welfare" has no meaning.

Some people might say that this is a big-business issue that does not affect small businesses. But when uncompetitive, failing industries are deemed "too big to fail" and propped up, that prevents entrepreneurs from coming in and energizing a stale economy with new jobs.

But don't take my word for it—take the words of the John McCain of January, who said that Michigan should not try to bring old jobs back, but instead free its economy and create new jobs in different industries.

I know it's a cliché, but I can't resist saying it: Would the real John McCain please stand up?