Wednesday - November 12, 2008

NO NO and NO !!!!

Has ANYONE in DC ever even looked up a few quotes from Marx, let alone read him? Do they have the smallest understanding of what “government control of the means of production” really means? (that’s my qoute, not old Karl’s. It’s a poetic paraphrase, so don’t get your panties in a twist). What if it’s only government control of ONE means of production? Or part of one?

This bailout bullshit is getting out of control. Next up, the failing US auto industry. It doesn’t matter if they can’t make a car that Americans will buy. It doesn’t matter that they’ve had more than 35 years to figure out how to do this. It doesn’t even matter that one of the Big 3 has been bailed out before, with all the nonsense that entailed. Did Chrysler ever get around to being American owned again? Last time I bothered to pay attention, albeit that was a year or so ago, they have Herr Gear Schifft telling us what wonderful cars Chrysler made because of all that Mercedes-Benz engineering in them. So now they need a multi zillion dollar bailout too. Hey, the steel industry could use a few bill. And you know what? Let’s bring the shoe industry back from the dead; how about a few billion for them? I heard Burger King’s profits were down for a couple days last week. That ought to be worth at least a few hundred million. And hey, Uncle Sugar!! My window washing business sort of peters out once winter sets in. How about a couple hundred thousand for me? After all, as far as my owner’s (me) are concerned, I’m too important to my local economy (again me) to fail!!

What a cartload of poo. Knock it the hell off already. No bailouts for nobody. Even if the money you give them is fresh off the printer and nearly worthless to begin with. Idiots.

Democratic Proposal Includes Federal Stake in Car Companies

Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.

House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., hope for quick passage of the auto bailout during a postelection session that begins Monday.

Legislation being drafted by Rep. Barney Frank, chairman of the House Financial Services Committee, would dip into the $700 billion Wall Street rescue money, approved by Congress last month, for the auto aid.

I’m sick of the whole thing. Any business in America is free to fail. Look at the airlines, they do it left and right. And somehow they keep right on flying!! If the car companies can’t cut it, then they deserve to go under. GM stock is selling at what, $2.11 per share today? Anybody with a brain dumped that faster than yesterday’s burritos from Taco Bell, ages ago. No company, no brokerage, no union has a right to perpetual life.

And that’s all I got today. I’m having a sick day. Let’s just say that the Taco Bell reference was ... very easy to come by today.

Posted by Drew458     on 11/12/2008 at 06:57 PM   
Filed Under: • Economics •  
• Comments (4) • Trackbacks(0)  Permalink •  

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