On March 19th, 2009 at 12:57 pm, lgm said:

The bailouts are to keep collapsing companies from bringing down the US economy with them. You may disagree with that theory, but don’t pretend you don’t know it.

Not only do I know this theory, I wholly disagree with it and label it STUPID. MORONIC. IGNORANT. USELESS. CRIMINAL.

There’s already a bailout built into US Law – it’s called BANKRUPTCY. Don’t pretend you don’t know about it but you may be too ignorant of the law to realize what it really it.

A company that’s down on their luck can file for BANKRUPTCY, restructure their debt, cut off the dead wood, throw out money loosing contracts and return stronger than ever without going out of business, without taking down the banks with them, and without putting undue burden on the American tax payer.

The only people that would lose are touchy-feely morons with no idea of how the financial system works and Democrats who are doing everything they can to sink this economy.

Of course with BANKRUPTCY you don’t get Democrats handing out millions of taxpayer dollars for bonuses for their buddies and Democrat displays of manufactured rage when their hands are caught in the cookie jar.

On March 19th, 2009 at 4:42 pm, lgm said:

From the original…

You may disagree with that theory, but don’t pretend you don’t know it.

I’m not sure that you know it. Care to explain it?

Aren’t these the guys who donated BIG BUCKS to get Obama elected?

And if they are, why should we be surprised that they didn’t pay their taxes? that seems to be the SOP for that crowd of “bigwigs” and “prominent people”.

The bailouts are to keep collapsing companies from bringing down the US economy with them…

Assuming all this is true, would you care to explain why the government would hand them a large sum of money?

From the original…

You may disagree with that theory, but don’t pretend you don’t know it.

Chump change.

We don’t even speak in billions any more.

It’s all about trillions, baby!

Rushing healong into Godzillions!

Tell me again, which party is looking out for the little guy and who’s in the tank for the giant corporations?

Barack Obama picked North Carolina to defeat Louisville for the NCAA championship, a relatively safe selection for a trailblazing president.

Obama spent part of Tuesday making his tournament picks for ESPN, which posted his completed bracket online Wednesday and showed the First Fan filling it out with Andy Katz on the noon edition of “Sportscenter.”

Fantasy economics, fantasy basketball, it’s all the same to him

Speaking of tax payments, I haven’t seen nor heard anyone address property tax payments that are owed by those poor, unfortunate (and ignorant), in mortgage foreclosure. How much more is owed to the various state governments by these “oppressed” homeowners?

In California, unless you are protected (more or less) by Proposition 13, your property tax billed by the state is onerous. Even with Prop 13, my property has doubled since it passed, but I still pay it on time.

Does bailing out those in foreclosure exonerate them from paying their fair share of state property tax, or will the elected representatives hand out yet another perk at taxpayer (those of use who actually pay their taxes on time) expense, and waive said taxes in order to save the homeowner?