Let them go bankrupt, reorganize.......including union contracts and see how they do. Probably won’t happen because the Democrats owe the unions.
“So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere,” he said.” - B. Hussein Obama “
Is that like a “Bridge to the 21st Century”. He’s even starting to talk like a Clinton let alone all the retreads in his administration.
And once again the Republicans will roll over and play dead. Yawn.
Speaking of political metaphors this is a good opportunity for the republicans to draw a line in front the bridge to somewhere.
For the last eight years the media has portrayed Bush as a cross between Hitler and Bonzo, although with all his mistakes he has been a better President than any of the Democrats in the past half-century. For the next 8 years the media will try to make Obama into a cross between FDR and Abraham Lincoln, although he’ll probably screw things up more than Carter (but everything will be Bush’s fault).
When was the inauguration?
two points - Big Auto is going to colllapse unless they drastically change ttheir way of doing business regardless of whether they get federal moolah or not.
second - we don’t have the money to loan them - we have to borrow it ourselves, and our children are going to have to pay it back - with interest.
oh! yeah! I almost forgot- if we bail out citibank, GM, Ford, Chrysler, Prudential,Countrywide, etc... where do we draw the line? Where is the cutoff between when someone gets taxpayer bailouts, or goes under? Do we bail out GM but not Sears? do we bail out Burger King but not Harry’s Place? where does this insanity stop???
You watch, with the help of RINO’S, the auto industry will get their bailout. They will hang it on Bush while Obama takes credit for ‘saving’ the industry.
I am so sick of this guy already.
On January 29, 2009 he will enter the gen-pop at Attica. Vladimir Putin, head of the Kremlin Kings will be waiting, licking his chops over the new girl. Within six months they bad guys will be trading him for a pack of straights.
He’ll vote “present.”
Why should the Republicans/Conservatives, who are now basically confined to the South, approve Gov’t money to help states that kicked conservatives out (MI, NY, OH, IL) and especially support Obama’s friends in the Unions?
Aren’t the Republicans constituents really the workers at Toyota, Honda, BMW in the states of AL, TX, GA, SC, etc...?
Why are people around here thinking Obama is already President? For those here that are unaware the President takes over on 20 January 2009. I am sorta surprised that folks around here don’t know this. Some FREEPERS were saying that Obama’s Presidency has lost stock market numbers. I wonder how somebody so smart can be be so stupid. FREEPERS are of greater intelligences but they don’t know that it is still Bush’s stock market? Sad!!!!
Too late. The GOP got screwed the moment it overwhelmingly approved the bank bailout (which was so incredibly necessary for the very survival of the universe that...our benevolent leaders decided the money can be spent in some other arbitrary way - since they have it now, and there is no rush). Ordering the banks to “stop hoarding” was a nice touch too. The three+ stooges are in charge of America’s monetary and financial regulatory policies.
Now, for the auto bailout, we are going from trillions in waste back down to mere billions. Universal Healthcare is a shoe-in too, for the same reason. We have nitwits complaining about “deflation” (using new oh-so-convenient definitions of the phenomenon), and that is going to help provide cover for “firing up the printing presses”. Deficits in the mere billions are passe - trillion dollar deficits have been normalized.
“Pragmatism” has left us with no leg to stand on.
Does a bear poop in the woods?
Here is my last letter to the editor I sent to about 30 papers and talk shows.
Increasing AIG largesse from $85 billion to $150 billion provides evidence the bailout produces deception without solution. Terms enabling lending or investing, allows management, labor, and government leaders to fabricate temporary shelters from market forces and voters revealing their ineptitude. Elections for 535 patricians returned most to Washington, when nearly all were decayed and wretched. One patrician even became president, though severely infected by gifts and influence from those precipitating the mortgage crisis. Now car companies and states also queue up for bailouts.
Government institutions nationalizing private sector firms feed addictions to power equivalent to individual addictions to chemicals or pornography. Individuals exchange personal freedom for perception of material security, but only postpone the looming reckoning.
Proper government involvement means the Federal Reserve, in concert with Treasury and Justice, applies persuasion to private sector firms. Brutal persuasion, just short of torture as condemned by Geneva Conventions, enables private companies to discover programs for market clearing asset prices. They also form new companies absent flagging management and labor attributes.
Whatever financial cost the country must pay now to adhere to principle pales before the later cost incurred, if markets are forced to merely postpone consequences. True solutions reaffirm the inevitability of market forces countermanding human laws, and incorporating risk within all economic activities.
Our Constitution says this country will promote the general welfare. It did not say the Treasury Secretary would ensure protection of home values, college funds, retirement accounts, life savings, homeownership, corporate wealth, political careers, and union benefits.
Does a bear poop in the woods?
is the 25 billion they want a loan or a bailout with no repayment..??...i seem to remember years ago the gov’t loaned chrysler enough money to fix their problems and iococa paid all the money back to the gov’t....did not the same happend with trump..??...why does everyone want a bailout for their mismanagement of money and greed...??..loan it to them and make them pay it back with interest like anyone else would have to do....