Free Republic

General Motors chairman Rick Wagoner says that his company is in such poor financial shape -- indeed, Deutsche Bank considers the company's stock worthless -- that it "needs" welfare assistance from American taxpayers before it runs out of cash. Well, Wagoner didn't put it exactly like that. He called it a "federal aid package." "This is an issue that needs to be addressed urgently," Wagoner told Automotive News, adding that now is the time to "overshoot, not undershoot" the level of assistance. GM is willing to offer the government preferred stock, speed the introduction of fuel-efficient vehicles and set limits...

Seems like cutting the capital gains tax would have been a whole lot better than this Bailout. Cheaper too. This whole Bailout has led to untold worldwide economic turmoil and collapse. Why doesn't the president Fire the Secretary of the Treasury and cut capital gains immediately. Maybe we can cancel the bailout before much of the $$$ is spent and do what was needed in the first place. Who knows the market might be 15,000 if he a had done that in Sept. One dang this is for sure it would not be this bad and every Tom, Dick and...

I would like to suggest to those who are discouraged by the results of the Republican Primary, and the Presidential Election outcome, that you join your local Republican Party as soon as possible. That you actually attend the meetings, take on the jobs, do the work, not for your own political gain, but to support your conservative priniples and conservative candidates who will have mass appeal( like Sarah Palin). Four years will be here before you know it, and we can not take another setback of this magnitude. It is time to start promoting NEW CONSERVATIVE TALENT ,not just promote...