Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Saturday, December 6, 2008

Chicken in the Bread Pan Handin’ Out Dough..

It looks as though Pelosi and her gang of spend happy cohorts are now poised to give the automakers some cash. They will take a yet undetermined amount from the dollars already approved and appropriated by lawmakers and throw it down the rabbit hole. Fabulous. According to an article in the NY Times the Dems are set to use some or all (depending on what the value is now) of the money allotted to the Big 3 for retooling to meet fuel efficiency standards and instead make several short term loans to them. Keep in mind, they are lending money to an industry that still has no real plan; they have used the words “strict oversight” again-which is just a fun way of saying “You hush now silly taxpayer and let the grownups take care of things.”; they admit no one knows how things will turn out, but hey it’s not their money, so really who cares.

“The auto companies will have to submit to strict government oversight to make
sure that the bailout funds are used to carry out the reorganization plans they
delivered to Congress this week. The auto company chiefs testified this week
that they were willing to accept such regulation.”

That is adorable! Automakers are willing to accept regulation….thank goodness because we all know it will be strictly enforced. The other thing we know? When the automakers go belly up anyway, in a some months, this money will be gone. Poof, up in smoke.

“On Friday, Ms. Pelosi said she would allow that money to be used provided
“there is a guarantee that those funds will be replenished in a matter of weeks”
and there was no delay in working toward greater
fuel efficiency.”

Excuse me, excuse me-I have a question. If they don’t have money today, where are they going to get money to pay back this loan in a few weeks you fool? Maybe they made the Wimpy promise of repayment. I don’t understand why it is so difficult for people far smarter than me to understand that the car makers are not going to get out of this in a few weeks. Among their myriad of other issues, the American people are not spending big money right now! Do you hear me in Washington? No matter how much money you throw at this, the problem is not going to go away until we start having confidence. We are not going to have any confidence until you guys stop making stupid decisions. That’s it CASE CLOSED. (Can anyone say Paulson, Frank and Dodd?)

As far as I’m concerned every person with an "R" behind their name must cast a no vote for this stinky piece of a plan.

As an aside, I was also all a-flutter to find that Congress was mad at Paulson and are resisting giving him the balance of the $700 billion because he has so poorly managed the first half. Yeah, sure they won’t, but whatever; it was still fun to hear.

1 comment:

  1. I'm so with you on this! Rabbit Hole is a great expression for it.

    People aren't buying cars like they were. The auto makers should consider retooling to make fewer but higher end cars. If that means layoffs, then why not spend the billions funding other types of jobs for those folks. Let automakers trim trim trim.

    Good post.