This country has lost its collective f*ing mind - KING Paulson, the bailout, and cars [View All]

[ProfessorPlum]

First of all, how is a bailout of the auto industry going to bring us better American made cars? It won’t. Why not let those companies fail, and invest government money in new startup car manufacturers who want to really innovate? Electric cars, cars using light polymers, hybrid cars, hydrogen powered cars, biofuel cars – go nuts! Make something new! Try some different things, make vehicles that actually work with the environment. Let the market decide – isn’t that what everyone is always bloviating about? And won’t those new companies quickly hire up the displaced workers from the big three to do their manufacturing? The fact that it is the Democratic party advocating for this bailout shows there is no monopoly on bad ideas – its just that the GOP has most of them.

If our tax money goes to the auto companies, will we each get a free car? Honestly, what is the benefit to us? And since we’re all into socialism now with the government fiddling in all of our businesses, why can’t we just take the records profits that the OIL companies have reaped in the last few years and use THAT money to bail out the car companies? After all, it’s the oil companies that keep the auto manufacturers from doing anything sane.

Finally, this whole “bailout” fiasco . . . Paulson puts $7000 on a Chinese credit card for every American household and promises to use that money to buy up bad debt to stop the “crisis”. Well, he’s given half of that money away already, and this week he announced that IT DIDN’T WORK and so now he’s going to be doling out the rest of the money in whatever way he sees fit, to whomever he chooses. Congress voted for that money to be spent in a certain way, but now KING Paulson is going to decide who gets it. Naturally, everyone is lining up, hat in hand, to get some of that sweet taxpayer money. The auto industry, CREDIT CARD COMPANIES(!), this morning I heard a story that the mayor of Philadelphia thinks $50 billion of that money should go to struggling cities. Well, you know what? CONGRESS is supposed to control money in this government. NOT SOME F*ING IDIOT exCEO of a failed company whose only qualification is that he is a crony to the Bushies. Honestly, what brilliant decisions has Paulson ever made that would lead us to believe he deserves to be doling out OUR money? He ran Goldman Sachs into the ground with all of his buying up of bad mortgage debt, and they’d be out on their asses if he hadn’t swooped in with a sack full of our money to save them. And THIS is the guy, the one man, who is now empowered to give our tax money away? Isn’t that supposed to be the power of the House of Representatives? And the Democrats who control the House ran, no, demanded, to give that power away to that bald, ignorant f*ck. Why?