Here comes the $25 billion automakers’ bailout
The bailout binge continues apace. I’ve pointed out to you already that both Barack Obama and John McCain support the $25 billion automakers’ bailout. It’s speeding through Congress as we speak. President Bush will sign it this week after both parties fall in line and pass it (vote is expected in the House tonight).
Detroit Free Press reports:
Michigan lawmakers hailed the imminent passage of $25 billion in loans for the U.S. auto industry on Wednesday as a key step toward saving thousands of jobs in the state, and vowed to press for an additional $25 billion to boost the industry’s retooling.
Under the bill expected to pass the House this evening, the Bush administration will have two months to write the rules for the loans, and Michigan Sen. Debbie Stabenow said she expected the money to begin flowing to automakers and parts suppliers by the end of the year.
“There is no bigger issue for Michigan than what we’re accomplishing today,” said Rep. Fred Upton, R-St. Joseph. “This is a testament to the strengths of every member.”
The clause speeding the loans should ease concerns of some automakers and parts suppliers that the money would not be available for several months. Officials said the U.S. Department of Energy had told them it would take a year to write the rules for the loans.
While lawmakers did not win changes that would have let companies use the loans on a broader array of projects, they said they would closely monitor the program and press for changes if the loans did not flow freely. The industry had asked for up to $50 billion over three years, but eased off after the idea met strong resistance.
“We’ve got the best deal for the industry that we can,” said Rep. John Dingell, D-Dearborn. “I think we got that which they need to go forward.”
God save us from bipartisanship:
After the push ramped up in August – and the automakers doubled their bid to $50 billion – critics attacked the proposal as a unnecessary bailout for uncompetitive companies. Yet as Wall Street’s problems worsened, and the Bush administration escalated its rescue efforts into a $700 billion bailout, the auto industry’s request came to be seen as a small step to help an industry with blue-collar roots.
Lawmakers said the support of presidential candidates Barack Obama and John McCain — whose backing was brokered in part by Upton and other Michigan Republicans — was key to getting the loans paid for.
The industry had warned that because the loans could only apply to vehicles that were 25% more efficient than direct competitors, few new models would qualify. Those rules still apply, as do restrictions limiting the loans to covering no more than 30% of the costs for a single project.
“It’s been a struggle here in Washington to secure an acknowledgment that a domestic-based auto industry is vital for America,” said Rep. Sander Levin, D-Royal Oak. “What this does is to embody that idea, and to help it continue to be.”
The loans were included in a budget resolution that held several other spending measures to keep the government open through March. The Senate was expected to pass the bill on Thursday, and the measure should get a signature from President Bush shortly thereafter.
What was that I wrote last week? Oh, yeah: Death of fiscal conservatism, R.I.P.
Dead again.
The road to serfdom is paved with ever more “investments” to secure “stability” in the marketplace.
As I’ve noted from the start of stimuluspalooza over a year ago, this ain’t the first one and it won’t be the last one. (Funny how you’ve heard almost nothing about the Washington Times report I blogged about yesterday on the addition of student loans and car loans to the bank bailout).
If you’re one of the foolish people out there still paying your bills on time, you might want to reconsider your responsible ways.
Got debt? The government’s got your back.
The rest of us are screwed.
See what others have said
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Trackbacks
- Where’s My Goverment Bailout? « Beltway Snark
- Bush, Obama, and McCain were in a rowboat.. « Above My Pay Grade!
- The bail out you might have missed today
- It’s True! We ARE Scr-w’d 2008! « Gunservatively!
- southchild » Blog Archive » The Bailout Will Not Be Televised
- More bailout-palazoo: $25,000,000,000 in loans for the auto industry. | I'm Surrounded By Idiots
- $700 Bailout: See no evil. Hear no evil. Speak no evil. « Republican Party of Jefferson County, TN
- Those that have no family in the auto industry would never understand – Political Byline
- Michelle Malkin » Hey, chumps: Why are you still paying your mortgages?
- Bush Administration Presides Over Largest Redistribution of Wealth in History | ePolitical.org
- Michelle Malkin » Road to GOP redemption: Roll back the bailouts, draw a line in the sand
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- The Triumph of Capitalism and The Power of Consumer Sovereignty Over Massive Government Failure–Bankruptcy of General Motors–Now Government Motors! « Pronk Palisades
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I support the sonofdy mortgage payoff bill of 2008. its only $180,000. Why not, everyone else is getting a taste.
So I’m paying $83.33~ so Obama and McCain can court Michigan voters. Wheeee!
ATTENTION ALL ELECTED OFFICIALS IN THE UNITED STATES OF AMERICA:
YOU MAY NOT HAVE ANYMORE OF MY MONEY. NONE. NOT EVEN FOR A CRISIS (for there is ALWAYS a crisis). STOP BEGGING. NO. IF I WANT TO HELP OUT THE DOWN AND OUT, I WILL, AS I HAVE BEFORE, MAKE MY DONATIONS ACCORDINGLY. NOW GET YOUR HAND OUT OF MY POCKET AND QUIT PLUCKING AT MY HEART STRINGS (you overplayed the sad stories) OR I WILL SEND YOU HOME.
Thank you.
Yes, sonofdy. Thanks for this great idea! I’d like to throw my $230k mortgage in there. Together, we’re still well under $500k. Congress sneezes that away every day at lunch. Our back-up plan: My boss knows Warren Buffet personally. I’ll ask her to give him a call.
Geez…that’s a million brand new Chevy Impalas, plus tax, title and license.
Seconded, the sonofdy/vickisoup mortgage payoff bill of 2008 is now on the floor. Any more amendments?
sonofdy, vickisoup, I’m down to under 100k, can I get in on this before I foolishly pay this thing off?
All the lipsticked pigs are pushing and shoving to get their spot at the trough…What about the American people, where is our trough?
Isn’t this just dandy? Now we will probably see the auto workers go on strike for more money.
L
If I didn’t fear God, I might think about it.
The sonofdy/vickisoup mortgage payoff bill of 2008 has been amended to be called the “Screw you, i got mine” bill of 2008. Do any of the other members wish to add their names before we send it to congress?
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 180k
vickisoup – 230k
hunter – 100k
Come on guys, they are tossing arround trillions!!! whats a few million…
soon as I buy my multi-million dollar mansion….can you add a ferrari and a bently to that too??
Where’s my water bill bailout?
I gotta look good driving in and out of my 6 car garage….
#11
I can’t add my name. I was just so stupid and paid my house and car off. I would have waited if I knew this was going to happen so I could add my name.
L
We have no lobbyists holding our place in line. Taxpayers are last to get served in the sty we call Congress.
#16 hell, any debt secured and unsecured is welcome. We might even be able to twist Michelles arm to present the list!!!
right4life, we need a dollar figure.
letget who cares! Get out there and buy another! You may still have time.
OK, 30 Million…I figure 5 for a house, 2 for cars….20 to maintain it…
that leaves a little extra for a nice getaway place in Monaco…no taxes you know!!
you guys need to up your figures, you’re making me look like a democrat!!
In my early 60’s, not the best of health, collect SSD, tired of apartments, where do I sign up for the free house thingy, is it too late for me?
No bailouts!
I’m old fashioned, investigate, convict, then punish, all the crooked bastards. Dems and Repubs.
sonofdy put us down for $90,000. We are still paying on my husbands school loans–can I get another $4,000 for that?
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 280k
vickisoup – 280k
hunter – 190k
right4life – 30,000k (greedy basket)
Come on guys, they are tossing arround trillions!!! whats a few million…
i want in on that bailout. add $130k for my mortgage and while your at it, i’ve lost 80k in my 401k/ira/savings accounts due to the incompetence and thievery of these wall streeters and washingtonians. bail those things out and i’ll vote for them again, but if not, i think i’ll pass.
Hmmm. So for a few more months they’ll continue manufacturing cars that nobody wants, and when they finally have to face the music, the fall will be all that much further. Yeah, great plan.
I can’t help it, I’m high maintenance whats good for the goose is good for the gander…
Try as I might, the only response I can come up with is chock full of CoC violations, and would result in my immediate ban.
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 280k
vickisoup – 280k
hunter – 190k
right4life – 30,000k (greedy basket)
rightisright – free house
txskirt – 120k
Come on guys, they are tossing arround trillions!!! whats a few million…
sonofdy — please put my family down for $120k… and you can add $5k to pay off my kids’ braces if you want to, too.
I cannot believe how completely effed we are…
sonofdy,
I will see if Trump has a house in the 10 to 50 million range here in TX for sale. I will get on line asap to inquire.
L
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 280k
vickisoup – 280k
hunter – 190k
right4life – 30,000k
rightisright – free house
txskirt – 120k
cheapseats – 150k
Come on guys, they are tossing arround trillions!!! whats a few million…
sonofdy, I’m only asking for $230k…though the $280k allows me to throw my two car loans in there, so great catch! I second your amendment to my original proposal.
right4life, may we call you the earmark queen?
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 280k
vickisoup – 280k
hunter – 190k
right4life – 30,000k
rightisright – free house
txskirt – 120k
cheapseats – 150k
CantCureStupid – 150k
letget – Trumps crib
Come on guys, they are tossing arround trillions!!! whats a few million…
22 Million for me please, and I promise I’ll make sure it’s paid back someday….maybe…..?
While originally in the “wait and see” column when it came to the economic bailout, watching the “Oh, yeah, let’s tack this on, too” snowball roll down the mountain slope — apparently now including credit cards and student loans, and who knows what else — I have to say that I’m with the not-in-favor crowd.
It’s one thing to incur a trillion dollars of more government debt to prevent the prospect of many trillions more lost in a market and economic crash. Quite another when Congress sees the problem as an opportunity to host a financial orgy.
And that, unfortunately, is what has happened. We’re at the point where our political class is at the same level as the Roman senate was when the Emperor Tiberius dismissed them collectively as “Men fit to be slaves.”
When Harley Davidson borrowed from the government to retool and reinvent their manufacturing processes, they paid back the loan early even though it was of no financial benefit for them to do so, just a matter of pride. Who would like to place a bet that that sort of responsibility will not be seen out of any of these bailouts?
It’s funny, I was just talking with Mrs. Deaux last night about how irresponsible borrowers can walk away from million dollar homes, but you can’t even discharge a student loan through bankruptcy. This is what you get for trying to better yourself. You can keep all of your debt and help pay off the debt of others.
sonofdy–$120k when I only asked for $94k! How very Fannie Mae of you! Thanks.
cheapseat, I see that you’re proposing an amendment of $80k to cover your 401(k) losses, so you are asking for $210k, correct?
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 280k
vickisoup – 280k
hunter – 190k
right4life – 30,000k
rightisright – free house
txskirt – 120k
cheapseats – 150k
CantCureStupid – 150k
letget – Trumps crib
Phiber0p – 22,000k (begining to think im thinking too small)
Come on guys, they are tossing arround trillions!!! whats a few million…
I would have been a great congressman…I would have bought an extra large freezer for all that cold cash and yeah I do know what to do with your money…trust me..trust me..
That’s it! I give in Democrats, you win. I’m coming over to your side, because I can’t win any other way. In order for my wife to go back to school this year, we scrimped and saved and worked extra jobs on the side to pay off my remaining student loans last year. NOW! MY TAXES are going to bail out people too stupid and lazy to do what I did!???? I’m so mad I could spit lead, and that will be the only way we could take this country back. It’s too late for that! I’m going on vacation, and running up my credit cards, and I’m going to whine about my mortgage and maybe I’ll get a bailout too. I got laid off this year, but I found two jobs to replace our income. I feel like the last grownup in the damn world. I quit, Hopey Change! Come and save me Messiah Hussein. Bestow your blessings upon me, because I give up!
Can’t beat the fat, lazy, pigs, and no one has enough guts to kill them, so I quit.
Why not save the money, dump CAFE. Problem solved.
Can I get a free house too?
and yes, I do say that to all the girls…;-)
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 300k
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 240k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib
Phiber0p – 22,000k
Come on guys, they are tossing arround trillions!!! whats a few million… (inflation, just saying…)
TxSkirt
sonofdy has been nice enough to up me from 100k to 220k! My thanks as well, glad I got early!
hunter, inflation…. go with it….
Ok fine. $1mil for a house (I’m in NYC after all), four years of study at NYU.. that will come to approximately $150k, Credit cards.. well perhaps a cool 250k – I need to furnish that house, and hey, it ain’t cheap living in NYC anyway. I’d like a car too, perhaps two to go with my house.. 100k reasonable? SO what’s that total.. $1.5mil. Round it up to an even $2mil so I can take an extended world tour to recover from all this stress, that should see me right for now.
Now for Christmas, I want…
OOPS!
well, glad I got IN early!
Alan Keyes anyone? I’m tired of having to vote for the lesser of two evils here. Good grief, we haven’t had one good Republican President in 45 years (take out Eisenhower and we’re forced to look all the way back to T. Roosevelt). The GOP abandoned us, so we should seek life elsewhere. No longer will I allow them to take my vote for granted and do whatever they wish, thinking the whole time I’m right there with them. I just wonder if others have the courage to vote on principle, for the good, rather than out of fear, a dread of losing what little we have left. Right now we’re playing to not lose rather than to win. There is a difference.
I want some too! $300,000 for my mortgage and since I don’t have any other debts, how about a new car? Mine is a ‘93 Oldsmobile (It was my grandma’s) and is wearing out. I also have 2 teenagers who’ll get licenses in the next year so they need cars too.
On September 24th, 2008 at 2:51 pm, sonofdy said:
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 300k
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 240k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Come on guys, they are tossing arround trillions!!! whats a few million…
On September 24th, 2008 at 2:51 pm, sonofdy said:
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 300k
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 240k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
Come on guys, they are tossing arround trillions!!! whats a few million… (I am starting to feel like a democratic congressman)
I must say, sonofdy, that I am truly digging the new math!! Bet you a buck that this is exactly how they do it at the Congressional funny farm.
YIPPEEEE! I’m up to $240,000. Now I can replace my 12 year old Land Cruiser with brand new Land Cruiser. I only wish we hadn’t paid off the credit cards. Oh, my son needs braces and I could use a new couch–I may need more.
On September 24th, 2008 at 2:51 pm, sonofdy said:
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 300k
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 300k (a couch and braces cost 60k in congress math right?)
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
Come on guys, they are tossing arround trillions!!! whats a few million…
Limbaugh just said that McCain is suspending his campaign until after this bailout rip-off (my words) is resolved, and that he’s asked Obozo to delay Friday’s debate!!!
God Almighty, save us from pandering pols….
I’m in the same boat Maybe the bailout bill could be retroactive.
“Get on board, Little Children, Get on Board, Little Children, Get on Board, Little Children….there’s room for many a more.”
My dog needs a pedicure. Throw another $10k atop mine, please.
I had asked for a free house, but now I want one for vacations also.
THIS 25BILLION IS FOR OUR WONDERFUL AUTO INDUSTRY TO CONTINUE IT’S CRAP. all of our carmakers have GOOD cars with great gas mileage in europe, yet they refuse to bring them here, or better yet, make them here. so gm & chrysler debut its plug in vehicles which can go 100 miles on a charge. we have rolling blackouts, and these blithering idiots want us to buy a specialty car for commuter use only while we have to buy another car for real use. AND THESE ARE THE BEST AND BRIGHTEST WE SHOULD GIVE 25BILLION BUCKS!
sonofdy, I think you should throw drangodarlin and letget $20k as an early payoff bonus. Afterall, their intentions were good, they got into debt in the first place, right? We shouldn’t penalize them for being responsible. It’s how there were raised.
Why not? People who don’t pay taxes get tax rebates, right? Go for it!!
On September 24th, 2008 at 2:51 pm, sonofdy said:
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 300k
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 300k (will that be enough?)
Come on guys, they are tossing arround trillions!!! whats a few million…
You failed to mention that it’s because of our environmental rules and other regulations.
Excellent point, John Deaux.
Now, will you be co-sponsoring our bill?
I see it as a payoff to the unions, as well, who negotiated ridiculous deals that the dopey auto industry couldn’t possibly support.
Maybe we should change our name to the United Kingdom of America… God help us.
I’m game. We just bought a house, with a $180K mortgage. Toss in student loans, car payment, utilities, and entertainment (it’s my right, right?), and we’re looking at something like $220K. Sign me up!
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k (canine restoration amendment)
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib +20k (earily pay off.)
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
Come on guys, they are tossing arround trillions!!! whats a few million…
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k
hunter – 220k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k (inflation!!!)
Come on guys, they are tossing arround trillions!!! whats a few million…
sonofdy
My dog has addison’s disease and requires a monthly shot. I would request and extra 20k for lifelong coverage.
Thank you to the good gentleman.
I want a house, a jet, a football helmet filled with cottage cheese, and naked pictures of Bea Arthur!
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k
hunter – 250k (30k for canine vacination program)
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k
Come on guys, they are tossing arround trillions!!! whats a few million…
Make mine a buyout of the IRS and closing the doors and I’m in. Oh, and $10 for coffee.
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k
hunter – 250k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 200k
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k
John Deaux – a house, a jet, a football helmet filled with cottage cheese, and naked pictures of Bea Arthur (i bet they have heard weirder requests)
Come on guys, they are tossing arround trillions!!! whats a few million… (got to go eat, be back spending your money is making me hungry)
Oh, can I have California too? I mean, nobody else really wants it, and most of the people there are squatters anyway..
..for nostalgic reasons, you understand..
Hey, I want my water bill paid by Friday! Warren Buffet was around this morning and offered to buy the copper piping, and he promised me that Paulsen would see to it I got a bucket to replace it. PS – I’m having a tough time marking my water bill to market, but a billion dollars will cover it for sure, and you guys will make a profit later.
hunter, $20k for “lifelong” care? I know you meant monthly care. sonofdy will make the adjustment to your typo.
sonofdy?
Hey, sonofdy, I haven’t received a raise in a while. Whassup with that?? I’m on the teat now, FEED ME!!
JOHNDEAUX AND CCS ARE BOTH RIGHT. ENVIRONMENTAL IDIOTS AND UAW BOTH DESERVE AN ATTABOY FOR HELPING DESTROY THE AMERICAN AUTO INDUSTRY, BUT THE EXECUTIVES OF DEARBORN AREN’T ASKING THEIR WILLING COHORTS IN CONGRESS TO ASSUME THE UAW PENSION AND RETIREMENT FUNDS, OR LIGHTEN UP ON ENVIRONMENTAL NONSENSE, NO THEY WANT 25 BILLION TO INVEST IN NEW TECHNOLOGIES ALA THE 1975 BAILOUT MONEY THEY BLEW. REMEMBER THE FORD PINTO! THEY WANT TO PRODUCE LNG CARS WHICH THEY INVENTED IN THE 70′S BUT NO ONE WANTED BECAUSE YOU ARE SITTING ON A BOMB GOING 70 MILES AN HOUR. TELL BOONE TO GET A TANK FULL OF GAS, A TANK FULL OF COMPRESSED NATURAL GAS, AND A TANK FULL OF BIODIESEL AND SHOOT A TRACER ROUND THROUGH EACH. THAT’S WHY CNG OR LNG ARE NOT BEING EMBRACED BY THE CONSUMERS WHO KNOW WHAT THESE ARE. BESIDES I HAVEN’T SEEN ANY CNG STATIONS, OR ANY HYDROGEN STATIONS, OR ANY ELECTRICAL PLUGS IN THE PARKING LOTS OF BUSINESSES, WHICH WOULD MEAN A GIGANTIC EXPENSE ON INFRASTRUCTURE.
Hey! I went to lunch and y’all ran up the Federal Deficit without me!
I want $50,000 for a new car, $500K for a new house and I will need a new wardrobe for the new house, plus furniture – so, let’s make it an even $750K.
Thanks Sonny!
Unfortunately, I am one of those foolish people that already paid my mortagage off. If I would have only known, I would have waited.
When we pay off everybody elses houses off, do we get to stay in some of those houses for vacations. Kind of like having a condo, and the people that could not pay their houses off can host us that did in appreciation for our hard earned money. We helped save their house, now they can allow us to use their/our houses for a vacation home.
Sounds like a good idea, right?
I recommend we get cheapseat a new CapsLock key too.
*gagging*
The government of this country really needs to understand this section of the Declaration of Independence:
“…-That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness…”
I fear this is going to happen sooner then later.
theoldpath
You don’t get it. Get out there and buy your own vacation home, you shouldn’t have to share! We will put you on the list for the “Screw you I got mine” hand out!
hey add my measly mortgage balance of $60k to the bail out!
Is this really a bailout? Or is it a down payment on subsidy to kick the big 3 in the pants and get some flex fuel style vehicles on the road ASAP!
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k
hunter – 250k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 300k (teat deficency amendment)
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas (sorry no california)
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k
John Deaux – a house, a jet, a football helmet filled with cottage cheese, and naked pictures of Bea Arthur
tamarah180 – 750k
oldpath – 500k (to research crab habits in florida)
supersean – 100k
Come on guys, they are tossing arround trillions!!! whats a few million… (back from lunch and ready to SPEND!!!
Oo! Oo! I want in!
Let’s see. $200K for my doublewide trailer. $50K for my car. Honest. Would I lie? $500K for the land I plan to bought. ‘Scuse me. Frog in my throat. $100K for my son’s college education. Makes it $850K.
‘Course, ya gotta figure in inflation. That’s what — about $3mil?
Yeah, that’s about right. Better call it $3mil.
sonofdy – 300k
vickisoup – 310k
hunter – 250k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 200k
CantCureStupid – 300k
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k
John Deaux – a house, a jet, a football helmet filled with cottage cheese, and naked pictures of Bea Arthur
tamarah180 – 750k
oldpath – 500k
supersean – 100k
MBuck – 3,000k
Come on guys, they are tossing arround trillions!!! whats a few million…
i simply don’t care about capital or lower case. it’s an old man thing. i also have no idea what so many of the text message abreviations mean. i’m tech challenged like mccain, so sue me.
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k
hunter – 250k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 300k (text messaging handicap allowance.)
CantCureStupid – 300k
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k
John Deaux – a house, a jet, a football helmet filled with cottage cheese, and naked pictures of Bea Arthur
tamarah180 – 750k
oldpath – 500k
supersean – 100k
MBuck – 3,000k
Come on guys, they are tossing arround trillions!!! whats a few million…
I didn’t make the list? Was the $10 for coffee over the top?
co-supponsers of the “Screw you, i got mine” bill of 2008 so far
sonofdy – 300k
vickisoup – 310k
hunter – 250k
right4life – 30,000k
rightisright – free house
txskirt – 300k
cheapseats – 300k (text messaging handicap allowance.)
CantCureStupid – 300k
letget – Trumps crib +20k
Phiber0p – 22,000k
nyc123me – 2,000k + christmas
Commonsense – 300k + 3 cars
durangodarlin – 320k
fourstringfuror – 250k
John Deaux – a house, a jet, a football helmet filled with cottage cheese, and naked pictures of Bea Arthur
tamarah180 – 750k
oldpath – 500k
supersean – 100k
MBuck – 3,000k
On-my-soap-box 10k (It would take another revolution to kill the IRS. We are out for ourselves her, just like GM)
Come on guys, they are tossing arround trillions!!! whats a few million…
Add in $50k for a personal assistant for cheapseat so we don’t have a repeat of the CAPS incident.
Here’s some perspective on the bailout.
I worked at what is now a notorious mortgage bank, which was held out as a very responsible and well-capitalized company in the press. Having perceived what should have been obvious to company management and most wall Street analysts, I made what I thought was a good decision and joined forces with the private equity investors that pick up the pieces of such failed mortgage companies. I work 7 days in some weeks and work long hours. Pretty proactive, huh?
If it weren’t for the bailout of Fannie and Freddie, hoever, I would be dead in the water, because who the heck is left to buy our loans? Yes I think they all should go to jail, then to hell.
My girlfriend, who works at a venture-backed high tech company, who commutes up to three hours per day, works on the weekend and as late as midnight to get up to speed in what is the next growth tech sector. She would be dead in the water, too.
We both moved from SF to be in LA, where the money is. We have virtually no debt and are as angry as you are for being responsible and putting 20% of our money in 401Ks, while others bought the houses (we rent, thank badness), fancy cars and vacations (which we never get to take) that turns out in the end that they could not afford.
There has to be some intervention, at least to limit the collateral damage. If there is no intervention, then we have savings and relatively low fixed expenses. We have some cushion given the relatively great exertions we have made to head off disasters. But longer-term financial security will take a big hit.
Each of you better hope that they have taken the same precautions. Not that I am a fan of the bailouts as described here –far from it. We have created the mother of all moral hazards, and you know what, human nature won’t change: we’ll find some other way to screw up.
Many of those today will forget those lessons and make the same mistakes 5-10 years from now.
I’m in favor on helping the automakers –many here give them too little credit and too much credit to ther foreign automakers, whose governments will be more than happy to doing what it takes to wipe out competitors in the world’s biggest market (they do not play by our rules — those are white American’s rules, not theirs). I’ll comment on this later, but now I have to save my job.
Never let it be said I don’t think big! The 10k will do fine.