Posts Tagged ‘Bailout’

2008: The Bailout Year

December 31, 2008

Please help those less fortunate than us. Those who once had and now have not, They once flew on Gulfstream G4’s and now, if they can even scrape some money together have to fly…coach.  Stop the madness, you must help, this must not occur on our watch…

GM G4 UPDATE-N5116 Pulled from FlightAware

November 25, 2008

Apparently the good folks at GM did not like the fact that so many of you were tracking their flights of fancy…they pulled the tracking off the net. N5116 can no longer be tracked by FlightAware.com.  Today, on their last flight they went this morning from Detroit to Washington DC, to Texas and this afternoon Naples Florida… Poor GM

Apparently they want to fly below the radar...
Apparently they want to fly below the radar…Click to see full size image

Flight History Captured Before they removed it:

Big 3 Make Big Mistake…

November 20, 2008
$800 First Class...$20,000 No Class

$800 First Class...$20,000 No Class

See the Story to form your own opinion on the big 3’s Big Kahonies… (FoxNEWS)

TARP or Big Top Tent?

November 16, 2008
The Greatest Snow On Earth

The Greatest Snow On Earth

Where do I apply for my bailout? Seriously, I am not a bank with “Troubled Assets” but neither is GM.  Let’s not forget we also now have Insurance companies buying at fire sale prices, troubled bank holding companies so they can get a chance to grab the brass ring, or in this case, the golden ring and tap the TARP funds for a few Billion.  You just want to Scream! we have gone from a TARP to a Big Top Tent with all the typical circus sideshow players.  It is more like the Greatest Snow on Earth!

Read the “Bailout” Bill that was voted down

September 30, 2008
The Nay's Have it

The Nay's Have it!

Some Highlights of what they tried to pass:

  • Throw a TARP over the Problems: “Troubled Asset Relief Program established under this Act on the activities and performance of the TARP.” (p. 6 & 49)
  • Oversite- (Weren’t they already doing that with Fannie & Freddie?) “It shall be the duty of the Special nspector General to conduct, supervise, and coordinate audits and investigations of the purchase, management, and sale of assets by the Secretary of the Treasury” (p.63)
  • Increase Debt Limit – (I think that’s $11 Triillion Dollars) Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting ‘‘$11,315,000,000,000’’. (p. 68)
  • Taking Care of Their Own, AGAINThe Oversight Panel may appoint and fix the pay of any personnel as the Commission considers appropriate. (p. 74)

Click Here to Read the entire mess as proposed and thankfully rejected:subprime-bill

No Deal Nancy…

September 30, 2008

 Ugly words

Words have meaning… Don’t expect Conservatives to take a verbal slapping from her, then tow the line and vote for this horrible bill.  For Ms. Pelosi to tell republicans that it was “Unpatriotic” to not show up until today… (If they were paying taxes over the past few days, according to Babbling Joe Biden, they would be patriotic I guess).

The Original language had 20% of the returned “profit” to go to organizations like ACORN:

Barack ACORN Obama

Barack ACORN Obama

  1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
  2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
    1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
    2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

There is a better way that will not leave Hard Working Americans holding the bag for the poor choices of democrats and their cash grabbing government-sponsored enterprises” (GSEs) like Fannie & Freddie.  Mrs. Pelosi, yours was the straw that broke the conservatives back.  Thanks for not being able to shut up and keep a civil tongue today, it ended up helping America.

An Issue of Trust

September 28, 2008
Get Those Blackberrys out of their hands, I know these are my trusted staffers...

Get Those Blackberrys out of their hands, I know these are my trusted staffers...

In a sign that negotiations were growing serious earlier in the evening, a Pelosi aide collected BlackBerrys from the staffers meeting in her office so that no details would leak out. (Politico)