Former Congressman Bob Barr, the Libertarian Party's 2008 presidential nominee, issued a statement condemning the proposed $15-billion bailout of the auto industry apparently nearing approval in the Congress. Barr said “the Faustian bargain” the Big 3 automakers reached with lawmakers “compounds the problem” of the massive bailouts backed by Congress and the Bush Administration, and apparently is structured so as to give the federal government a degree of involvement and control of GM, Ford, and Chrysler that the companies “will live to regret.”