Guest
06-02-2009, 12:12 PM
Well, our wonderful government officials on both sides of the aisle decided the existing business laws did not satisfy all of he promises they made, and the taxpayer had to keep the Big 3 auto makers afloat "for the good of the country." There were all of these top-flight economists and know-it-all bigwigs who sold the bailout story again and again.
Now we are $110,000,000,000 in debt solely on this venture (as we had to borrow the give-away money), and what has it got us? GM and Chrysler are now in bankruptcy proceedings anyway - exactly what Congess and the White House (past and current) said wouldn't happen - and we have other bailouts in progress.
How did this happen? Well, Congress bypassed all of its rules regarding hearings, fact-finding, et cetera and, with the White House's encouragement, bulldozed the money-spreading by selling fear in a manner that would make the fictional Professor Harold Hill envious.
Can you imagine ever spending $100,000 of your money without ever reading the sales contract? Well, the "Big Bailout Bill" was ramrodded through Congress with barely enough time to print it, let alone read it. Hearings and fact-finding were never done as "not enough time" according to our representatives, and they even had the gall to say that they voted for it not only without reading it, but that if they didn't, the country would go "tilt." The BS story was that there wasn't time to think, only to act, and that doing anything was better than doing nothing. What a crock!
Well, now that 2 of the Big 3 have declared bankruptcy in spite of it all, when can we expect more bankruptcies from cash recipients of bailout money? What do you think?
Please remember all of the BS stories from our congresspersons come the next election day. This is not a Democratic or Republican issue - It's an American issue.
Now we are $110,000,000,000 in debt solely on this venture (as we had to borrow the give-away money), and what has it got us? GM and Chrysler are now in bankruptcy proceedings anyway - exactly what Congess and the White House (past and current) said wouldn't happen - and we have other bailouts in progress.
How did this happen? Well, Congress bypassed all of its rules regarding hearings, fact-finding, et cetera and, with the White House's encouragement, bulldozed the money-spreading by selling fear in a manner that would make the fictional Professor Harold Hill envious.
Can you imagine ever spending $100,000 of your money without ever reading the sales contract? Well, the "Big Bailout Bill" was ramrodded through Congress with barely enough time to print it, let alone read it. Hearings and fact-finding were never done as "not enough time" according to our representatives, and they even had the gall to say that they voted for it not only without reading it, but that if they didn't, the country would go "tilt." The BS story was that there wasn't time to think, only to act, and that doing anything was better than doing nothing. What a crock!
Well, now that 2 of the Big 3 have declared bankruptcy in spite of it all, when can we expect more bankruptcies from cash recipients of bailout money? What do you think?
Please remember all of the BS stories from our congresspersons come the next election day. This is not a Democratic or Republican issue - It's an American issue.