Government loans for car makers who are under duress partially due to government regulation

Reference this arty: Detroit’s sputtering Big Three turn to Washington for help

The car makers want some federally guaranteed loans to help them cope with tough times and more importantly raised CAFE standards that bring fleet averages up to 35 miles per gallon.

Nice. So rather than just let this CAFE thing die a slow death we are going to make huge loans to the car companies.  Never mind that we could just be the slightest bit patient and wait for the Chevy Volt et al come out in 2010.  With the advent of practical electric car solutions CAFE standards should be rendered obsolete in their current forms.  Yet we the tax payer are going to be on the hook for guarantees.

CONCLUSION:   The politicians probably just want to loan a bunch of money to the car companies because there are a ton of union thugs that work for them. 

I hope that these car companies do not become the Conrail of the 21st century.  We all know how helpful that little bit of socialism was.