Bailouts ABOUND! Banks, Insurance, Auto Companies...what's next?

[Dover]

Housing, Healthcare? Nope. If you aren't a major corporation you won't be recieving any of your own tax dollars in assistance. Can't bail EVERYONE out, and as we know corporations ARE considered to be individuals too. Lets not repeal THAT law!

The latest bailout (in the guise of a "loan" for "new technology") is GM, who literally drove their company into the ground. Would love to see how this 'loan' is written in terms of its requirements.
Why haven't they been able to come up with new technology before now?
How many bailouts is this now for GM? What the hell is going on?

Oh, that's right. These bailout ARE for us to get our economy moving again. Nevermind that these very companies contributed to getting us here to begin with.

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Wagoner: GM OK with $25B loan package
Source: Associated Press

'It makes sense the government should stimulate (electric-car) technology'

updated 15 minutes ago

FLINT, Michigan - General Motors Corp. CEO Rick Wagoner said Thursday that the automaker should be able to put to good use its portion of a $25 billion government loan package for new technology.

Speaking to reporters at a ceremony announcing a new engine plant in Flint, Wagoner said many of the loan program's specifics still must be written by the U.S. Department of Energy, but GM can live with the version the House approved Wednesday.

"We'd like to see them written to include all new technologies with significant improvement in fuel economy, but the legislation does have specific guidelines as well," he said.

GM is developing the Chevrolet Volt, a rechargeable electric car that can run up to 40 miles (65 kilometers) on battery power, with a small internal combustion engine powering a generator to run the car after that. It's also spreading its dual-mode gas-electric hybrid system to more models.


Read more: http://www.msnbc.msn.com/id/26891153 /

[dkofos]

1. That's what happens when you elect politicians for the job of Representative

[Dover]

2. So we just accept this? 'Oh those naughty boys! But boys will be boys?'..n/t

[dkofos]

3. No. You tell them what you want them to do and hold their dicks in the fire until they do it.

[carlyhippy]

4. I wish they would bale me out...

I have a mortgage, a new car payment, payments for loans for my kid at school

Carly

[Dover]

5. The wealthiest get the lifeboats, and the underclass get locked in the belly of the ship.

And yet this classist country keeps giving lip service to concepts like patriotism and democracy.
I guess they think if they say it enough times people will mistake it for the truth.


I'm wondering why so many different kinds of businesses are failing simultaneously like some choreographed production. My own sense is that this change is in large part what they might
call in a corporate boardroom a "reorganization", which uses bankruptcy more as a strategy to
become unfettered by pensions and debt, which is followed by a bailout and a new slate.

[mmonk]

6. Banks yes. Car companies no.

And quit the Iraq war and take the money and bring the debt down. But I'm not president.

[Dover]

7. Which banks 'yes', which 'no'? There are a LOT of banks...n/t