The U.S. Department of Energy Does Bail Outs?

From the Wall Street Journal…..

The U.S. Department of Energy is working to release $5 billion in loans to General Motors Corp., according to a person familiar with the matter, a move that could help ease the way for the auto maker’s discussed merger with Chrysler LLC.

This is a surprise only because I have not been paying attention. Apparently the auto makers bail out was always supposed to be coming through the Department of Energy. The next thing I know, I will be finding out that the State Department will be handing out cash to international companies.

And doesn’t the part about helping a stupid merger go through make you sick? I mean, what is the point of using government money to tie two sinking ships together?

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