A PRINCIPLED STAND. Reason's Nick Gillespie is glad that the auto bailout seems to have failed in the Senate (though now Treasury is stepping up, which his colleague Jacob Sullum says is wrong and maybe illegal).

I'm glad to to see the auto bailout go down for this round (though I wish the same had happened to the financial services bailout in the version that passed). However, I find it troubling that Republicans are also interested in dictating terms to any business (the story says they would have passed it if they figured the deal would break the unions more than the passage of time already has). That just isn't Congress' job and it's been part of the problem in the U.S. for at least 80 or so years.

Gillespie should be pleased that, over in the financial sector, no "dictating terms" worthy of the name is going on; no one appears to be crimping AIG's fat bonuses (or, as they are better known in the industry, retention payments). Conversely, workers at the car companies were asked to take a shave before their bailout would be given.

In our giant corporate welfare state, libertarians can only hope for, and be pleased with, incremental victories -- which suits the people we call conservatives, who take it as an opportunity to enact double standards that reward their friends and screw their enemies, and call it restraint. What for Gillespie is half a loaf is for the Republican Senators the whole megillah. "Small government" isn't winning anything here; the government is just making sure its big ladle is serving one bowl more than the other.