Hey, can I have a billion-dollar-line of credit if I promise not to use it, too?
Ford wants a $9 billion “stand-by-line-of-credit” that it promises it probably won’t use.
You know, it’s just in case.
Where do the rest of us sign up for one of those?!
Posted in: Subprime crisis
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Categories: Subprime crisis
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The screw you, i’ve got mine bill of 2008.
Its pending…
But in all seriousness, at a guess we have bailed out people to the tune of 10,000 dollars per tax payer. Imagine the stimulus if they had sent that money to us? I would have no debt except my car and house and STILL have a bankroll. I mean we are going to pay for this money anyway so why not give it to us?
In the immortal words of Misscheryl, Congress does what makes the least sense.
I want my 10K share back.
No kidding. I am thinking my guess is way way low. Based on 1.5 trillion and 150 million taxpayers.
With all this money they’re printing for bailouts, couldn’t they have just, you know, cut everybody’s taxes instead? You’d probably have a smaller deficit, and put money back into the hands of consumers; instead of bailing out Wall Street or spending it all on Big Digs and Capitol Visitor Center type Boondoggles like the Pelosi-Reid-Chairman Zero triad wants to do.
Didn’t Japan try to revive its economy for ten years with massive infrastructure projects? And what did they get for it? a money-losing airport that’s sinking into the ocean, toll bridges that cost you $30 each way, and a tunnel that lets you get from Tokyo to Sapporo in 10.5 hours by train when you can make the same trip in 3 hours by air.
This is because Chairman Zero who look at FDR’s programs that were both unconstitutional and lengthened the Depression by seven years and thinking, “What a great success.”
I’d only use it for emergencies like a new house, new Corvette convertible (black, red leather upholstery, and 6-speed manual transmission), new Harley-Davidson Electra Glide, new 4-wheel-drive Chevrolet Silverado Z-71, new …..
What is the tab now, 8 trillion dollars committed — When will it end.
You get the feeling this isn’t going to work, just a hunch I have.
Hell, I’m not greedy, I’ll settle for a mere $1 million line of credit …
Time for me to start sending my resume to all the Chinese factories I can find online, because our industrial base has jumped the shark.
Seriously, I don’t want or need their money, just let me keep more of what I have. Crapweasels.
Credit? I say, give Alan Mullally all the credits he wants. Carbon credits, that is.
My collie says:
Whatever.
It’s a parade of southbound horses going through DC, but they all talk out of the north-facing end.
To hell with the lot of them.
Someone needs to photoshop an application we can print off to send to our Congresspeople. Maybe we can take a poll for questions on the application. Here’s one to start off:
Question #1: Did you willfully engage in extremely risky investments, falsify corporate balance sheets to defraud investors and regulators and shamelessly over pay yourself while your company swirled around the toilet bowl?
If you answer yes to question #1, proceed to the end of the application. You’re automatically qualified for a Goberment
bailhandout.Ford may not use it but the unions sure will. They will consider a line of credit an “asset” to be leveraged to give bigger raises and benefits to overpaid assembly workers, retirees and people who literally do nothing. Anybody in Congress who votes to give Ford the credit line deserves to be booted out.
Note to Mullaly:
If the US ends up owning Ford, Barney Frank gets your job.
No, because your promise actually means something.
HEY!!!
Can I get one of those ’standby Mustang Shelby GT Cabriolets’ if I promise not to “use it”?
Oh, is that what the kids are calling “that” these days??
Let all three go into reorganization while under protection from creditors. Better for them all–and for us.
Here you go.
:$1 billion line-o-credit:
Don’t spend it all in one place.
My dog said he’d watch over the roast and not eat it, too. Somehow, I wasn’t all that sure he could keep his promise.
Whether it’s BushClaus or ObamaClaus, the real question is when is Joe Public going to be told that there is no Santa Claus bailing out anyone. The only solution is hard work, common sense, and self reliance. Government is not the solution, it’s taken the problem and made it bigger, so they’ll have an endless mess for us elves to try to clean up.
Why are you going to spend any money with GM and their lib union? Let them fail!
Is any one keeping track of who all has now demanded a bailout? I’ve frankly lost count. I can’t count high enough to add up the numbers.
Sad, sad day.
There is a witty come back to that but decorum prevents me from sharing it in mixed company.
Has the UAW stepped up to the plate yet? Have they promised not to bankrupt anymore of their victims? I doubt those thieves will give an inch. Neither should we. Let them all go under. Let the market work.
sound familiar?
Isn’t it interesting that the government is bailing out industries who have made bad credit risk decisions on people who can’t pay their loans or obligations, yet they are asking us, the taxpayers, to take on / offer loans we can’t afford to pay either?
Is this the new definition of compound interest?
Free enterprise, anyone? Can you say inflation, boys and girls?
$10/gal for milk? It’s coming. Won’t even be able to afford beans and tortillas because the corn is needed for bio-fuels.
I am willing to wager that Washington collectively only has one set of gonads among all the government officials (unfortunately, both ‘nads belong to Hillary).
Will someone please publish the pictures of all the government representatives/officials/congress critters from the last decade and put them in a book. It needs to be titled, “Those Who Destroyed America”.
No, not that one. As I mentioned, the phrase is too crude. Sorry I brought it up.
I hope we get up to the sextillions in inflation like zimbabwe, because that number is so sexy!!!
doen’s anyone in washington evaluate results? we gave 85b to AIG, they partied and asked for more. we gave it to them, they partied and are broke again. the banks in new york got 350b, and they bought other banks, paid bonus’s to themselves, and generally did nothing except take care of their short term wants. now the car companies, the news companies, the state governors, the … are all lining up to feed at the trough. meanwhile back at the ranch, businesses are shutting down left and right. my ups driver is worried he may be laid off because that business is so slow at christmes time that he fears january will see massive layoffs. not just in the car industry, but in all industries. and our congress is worried about smelly visitors.