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Archive for November 20th, 2008

Like the auto industry has any incentive to change if you bail them out…  We have no reason to believe that they will not be in this exact same spot in a few months when this latest batch of money dries up and still not be able to function.

Yes, they are loans, but at the end of the period if you can’t pay it back then we’re just as out of that sum of money as we would have been if we gave it away for free or burned it.   And no problems solved whatsoever.

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You KNOW this is how congress sees our taxes once the money gets into their hands.

GOP congressman: ‘It is not your money’

Michigan lawmaker trying to help Detroit makes stunning statement about tax dollars

November 19, 2008

By Joe Kovacs

A Republican congressman seeking a $25 billion bailout of the troubled U.S. auto industry made a stunning statement about taxpayer funds to benefit Detroit, claiming, “It is not your money.”

Rep. Joe Knollenberg, R-Mich., made the remark during a discussion with Fox News anchor Neil Cavuto yesterday as the pair debated sending billions of federal dollars to prop up the Big Three carmakers.

Cavuto asked Knollenberg: “When the housing industry CEOs come to you and say, ‘You know, [if] we go under and all the ancillary businesses – the dishwasher manufacturers, the washer-and-dryer manufacturers, the Lowe’s and the Home Depots that vastly depend on our being alive and vibrant – if we go under, there’s hell to pay. And then the textile manufacturer comes to you and says, ‘If we go down, there’s hell to pay.’ And on and on and on we go. Where do you draw the line with our money?”

“It is not your money,” said Knollenberg.


Cavuto screamed back, “It is! It is taxpayers money!”

later –

Today on the CBS “Early Show,” Sen. Richard Shelby, R-Ala. said automakers should file for bankruptcy and fire their management.

“I don’t believe that they have immediate plans to change their model, which is a model of failure,” Shelby said.

He argued against any bailout, saying, “It will just prolong the agony. These companies are failures now, unless we get rid of the management.”

… [Full Article]

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While the Jack Russell Terrier was enormously relieved he was not available for comment.

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Thank God she didn’t have Mad Cow Disease.  (AKA “PMS”)

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More news that isn’t news.  California Supreme Court ready to take on the same sex marriage issue.  Whatever – just legalize civil unions and call it good.  Stop wasting everyone’s time.

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