“We should never despair, our Situation before has been unpromising and has changed for the better, so I trust, it will again. If new difficulties arise, we must only put forth new Exertions and proportion our Efforts to the exigency of the times.” —George Washington
This is a chart of U.S. dollars in circulation. The steady line up to about 1971 was when we were on the gold standard. The straight line up at the end is the result of the first stimulus package - you know the one where we were all going to die if Congress didn't put the money in. The next stimulus package being debated right now would take the line OFF THE CHART!
Kudos to Bob Corker from our fair state for standing up to the UAW thugs. Pity he wasn't tipped off that the deal was in the works over at the White House. Chrysler has already been bailed out three times - once by us - remember Iacocca and the K-car? Once by the Germans...they got rid of it for less than what they paid just to be done with the headache. And most recently by private capital - umm, that was right before the bottom fell out. Who's next? The US taxpayer...again. This is a failed business model and we need to let it die. Bankruptcy does not mean that everything gets shuttered and vines grow through the assembly line...it probably DOES mean that union contracts will get re-worked. Let's get about it...the sooner the better!
So these two are going to run the car companies? This is criminal car-jacking on a scale not seen before. Since when does Nancy Pelosi understand the needs of the American consumer in their car selection process? When did Barney Fag..err Frank, become an expert in production capacity and distribution? This shibboleth that the American taxpayer is getting a great deal because "we're getting stock" in exchange for bail out loans is going to ruin this country! Great, so we are getting stock in companies that have failed business models...looked at the stock market lately? Guess what happens when you buy a loser...it goes down! It's the same concept as trying to grow food in a desert. Here's Sam Kinison's (RIP) take:
Not since Harry Truman nationalized the steel mills in 1952 (mercifully overturned by the Supreme Court) have we seen this kind of brazen takeover by government. It would be bad enough to have happen under Obama - but where the hell is Bush? Where, other than Bob Corker in the Senate, is the opposition. For God's sake man, grow a pair!
