Posts Tagged ‘Bailout’

Visualizing Obama’s Budget Cuts…

April 26, 2010

This is a little old, but the numbers only have gotten worse…

Must Watch Video…

August 27, 2009

Must watch, this is funny (and Frustrating)

General Motors New Mr. GoodWrench

June 1, 2009


So, we are now 60% owners in the “New GM”. (I heard that Former President Clinton and some other private investors just bought Hummer, but that has not been conformed.)

It was said 50 years ago, by then-General Motors President Charles Wilson reportedly said “What’s good for General Motors is good for the country.” Back in the day, that probably was correct. But what is going on now is far from that.  I would argue it is bad for both America and General Motors in that we have overstepped the role of government (my high school U.S. History class definition was the following: “Government exists to provide for its citizens the services that they can not provide for themselves such as Security from foreign enemies, and the rule of law…”) nowhere do I recall taking over major industry and nationalizing private companies.  With the actions previously in the Chrysler bailout, and this latest action with GM, coupled with the TRILLIONS of dollars spent on other bail-outs of industries that were “too big to fail” we are on the road to Government Running Industries and Manufacturing…Seems that we called that Socialism back in High School…Now it’s called “Hope & Change” or is it “Hope & Change My Oil”?

I liked the way it use to be, when we could drive cars that we decided to buy because we liked the way they looked, not because the Government said we needed them, I could Barbecue out side without a moonbat lecturing me about my carbon footprint and the damage I was doing to the Polar Bears…I want my country back….

AIG…More like…

March 4, 2009


Is more like it, and we are the trough…

AIG’s Fourth Rescue May Not Be Last as U.S. Guarantees Support

By Ari Levy and Hugh Son
March 4 (Bloomberg) — U.S. taxpayers may not be done bailing out American International Group Inc. after the head of the Federal Reserve said a fourth rescue of the insurer was needed to keep the financial system from failing.

Fed Chairman Ben S. Bernanke testified to the Senate yesterday that AIG’s collapse “would be devastating to the stability of the world financial system” and would keep the U.S. government from recouping its investments, which had already ballooned to $150 billion. A day earlier, the Fed had warned that AIG may need more support if markets don’t stabilize and improve.

“We’re not done with AIG by a long shot,” said Phillip Phan, professor of management at the Johns Hopkins Carey Business School in Baltimore. “The problem is we still don’t know the extent of the risk AIG has. We don’t know where the bottom is.”

The rescue, which now leaves taxpayers on the hook for $163 billion at AIG, a government official said, was raised after the New York-based company reported a $61.7 billion fourth-quarter loss on March 2. AIG still has billions of dollars in unrealized losses on assets and faces declining revenue on premiums because of the slump in commercial insurance and the company’s struggle to attract new business.  (LINK to Full Story)

Rick Santelli White House Poll

February 24, 2009

The new administration is big on computers and technology. How about this, Mr. President and new administration. Why don’t you put up a website to have people vote on the internet as a referendum.

Here it is!

A Trillion Dollar Mistake- Rep. McCotter “Letter from Greg in Milford”

February 16, 2009

Letter in PDF Form from Greg in Milford

This is a joke:
We were suppose to have 48 hours to read it: BROKEN PROMISE
When it was posted, you could not search the file: FIRST TIME EVER DELIVERED THIS WAY
We were going to crash the economy if it was not passed Friday: OBAMA TOOK THE LONG WEEKEND OFF
We are being sold a pig in a poke! And Sen. Schumer makes me want to scream at my TV! Porky Little…AHHHHHHHHHHHHHHH

Dingy Ninja Harry

February 5, 2009


Spurred on by escalating economic woes and dire new warnings from President Barack Obama, the divided US Senate moved Thursday to end its bitter debate and approve a giant stimulus package. (LINK)

Citigroup’s Err Force One

January 27, 2009


They got the message that this was not the right time for an upgrade to Savvy.

Mission Creep…

January 27, 2009


“First they took over the Banks, but I was not a Bank – so I said nothing. Then they bailed out the Automakers, but I was not an Automaker – so I got nothing. Then they bailed out California, but I was not a Californian. And then they came for the Talk Radio Stations, but I did not have a Radio show – so I did little. Then when they came for me, there was no one left who could stand up for me.”

His Friends All Drive Porsche’s…Barney Makes No Amends

January 24, 2009


You have to love Barney, taking care of a poorly run Boston Bank with our money.  Doesn’t your local bank have a loaner Porsche for their Executives to use?  … LINK