Well the Senate killed the Automaker bailout, but the Bush Administration wants to keep hope alive.  The automakers want $14 Billion to help them with keep going through just one quarter next year.  My question is what then?  They can’t/won’t restructure in order to cut expenses – will they be back again with hat in hand?  Yes.  Giving them a bailout will do nothing to solve their fundamental organizational problems.

With the $14 Billion bailout being killed, the Bush Administration is now talking about using the $700 Billion bailout passed a little while ago.  President Bush himself said that:

I’ve abandoned free-market principles to save the free-market system.”

HT: Michelle Malkin

Domestic Divapalooza says its time to call the White House since this this is basically in his hands.  The number is (202) 456-1414

8 comments
  1. I don’t understand the problem. Everyone who has credit card debt has been taught to just file with the proper authorities and get your debt paid for “pennies on the dollar”. Every big company knows that if they get in trouble, they just call the govt. and play the “it’ll hurt the country more if we’re gone” card.

    I don’t think we’ve gone far enough! I think the govt. needs to add up the accumulated debt of every citizen (why not throw in undocumented citizens as well) and just pay it all off. I don’t think anyone can actually expect us to be responsible for our own actions. Think of it, that’s just ludicrous!!!

    I say, just print more green bills and hand them out like candy. It is Christmas after all!?!?!?

    Phatkats last blog post..The Worst Part of Winter

  2. I don’t understand the problem. Everyone who has credit card debt has been taught to just file with the proper authorities and get your debt paid for “pennies on the dollar”. Every big company knows that if they get in trouble, they just call the govt. and play the “it’ll hurt the country more if we’re gone” card.

    I don’t think we’ve gone far enough! I think the govt. needs to add up the accumulated debt of every citizen (why not throw in undocumented citizens as well) and just pay it all off. I don’t think anyone can actually expect us to be responsible for our own actions. Think of it, that’s just ludicrous!!!

    I say, just print more green bills and hand them out like candy. It is Christmas after all!?!?!?

    Phatkats last blog post..The Worst Part of Winter

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