…it seems to me that Ford isn’t the only thing “F’d On Race Day,” as it appears Senator Reid will have the same problem this November.  (And before anyone gives me a hard time for citing the Rasmussen Poll instead of the newer PPP Poll, I say it’s because PPP hasn’t be considered the most accurate pollster like Rasmussen has…)

-rj

Regarding the cancellation of the contract, though, I have a couple of questions. First, should the administration have canceled this particular contract after signing it? Whether it’s good, ethical business or not, conservatives have rightly gone after the Obama administration for not honoring the rule of law and contracts with General Motors investors. In this case, the contract was already signed. It was unethical for the administration to assign a no-bid contract to this contractor, but it wasn’t illegal. Additionally, the donor and company owner, Vincent V. Checch, told Fox that he did now know it was a no-bid contract until after it was awarded to his company. Since we have no evidence to corroborate or contradict Checch’s statement on the matter, can we assume he did nothing wrong? Or is that naive, considering that sweetheart deals are given as easily as candy in Washington, DC?

Longer-term, what solutions should conservatives offer to prevent no-bid contracts, especially as tit-for-tat campaign and donor trade-offs? Should we allow this breach of ethics this one time, and then try to pass a law limiting how contracts can be handled? Or, better yet, pass a constitutional amendment banning no-bid government contracts? Or, perhaps, shrink the size of government (by getting out of Iraq, for one) so that fewer contracts are signed while passing a constitutional amendment or law banning no-bid government contracts? After all, laws are well and good, but taking away the opportunity for corruption and ethics violations- through transparency and lessening the size and scope of government- would be even more effective.

The TARP program has so far distributed $247 billion to more than 700 banks. Of that, $162 billion in principal and $11 billion in interest and dividends have already been repaid. Except for AIG, almost all banks that received taxpayer money are expected to pay back the American taxpayers in full. As The New York Times reports: “The losses from the bailout fund are expected from money paid to rescue Chrysler and General Motors and the insurance giant American International Group, and from a program to help homeowners avert foreclosures.”

So the real deadbeats that are not giving us “our money back” are not the banks, but the union-backed car companies and failed government mortgage modification programs. But guess what? The White House has chosen not to include the car companies among the institutions that will pay this so called “Financial Crisis Responsibility Fee.” Also exempted are Fannie Mae and Freddie Mac, the government-sponsored entities that helped create the crisis.

It’s time we told our elected officials to stop picking winners and losers, and voted in people who are in favor of term limits and in favor of a separation of business from government. Beyond liberal or conservative, these are the issues that are so important to America. After all, when Howard Dean, Markos Moulitas and Arianna Huffington agree with The Heritage Foundation…perhaps it’s time for- and I dislike using this word- change to how our system works. Of course, it’s up to us, the voters and citizens of America, to make said change.