Rep. Ed Perlmutter (D-Colo.) sat on an exercise bicycle at the Wheat Ridge Recreation center this weekend, hearing unvarnished advice from constituents about the auto bailout.
â€œIt was one after another,â€ Perlmutter recounted. â€œOne guy would come up and say, â€˜You canâ€™t let them fail.â€™
The next guy would say, â€˜Let them go bankrupt.â€™ â€
Perlmutter said he was leaning in favor of the bailout, but couldnâ€™t say for certain until he sees final language.
As a constituent of Ed Perlmutter who is paying very close attention to these developments, count me among the latter: Let them go bankrupt. It’s the bitter medicine needed, certainly not a vast government takeover at the expense of the taxpayers. Rep. Perlmutter, start leaning the other way.
Maybe Ed Perlmutter could listen to his new Democratic colleague in the Colorado delegation, Jared Polis, on this one.
We are watching, and 2010 is right around the corner. Of course, once you’ve voted for one massive bailout, the next one probably gets even easier.