Why I Own A Ford

'Nough said.

Billion Here & There Or How To Bankrupt A Capitalist Economy

Yeah, I know, "tax the rich," but there aren't enough rich anymore. So, tax the corporations, but since corporations don't really pay taxes there isn't any money there either. The poor? Well around 50% of the people in this nation no longer pay much in taxes except when corporations get taxed more and then the poor have to pay more in a hidden tax because corporations don't really pay taxes. So what do our geniuses in academia and government do? They buy corporations and point to charts and studies showing just how grand it will all work out!

U.S. loses $1.3 billion in exiting Chrysler

Obama and ilk are doing this on purpose to achieve their end and they don't care how we feel because they have charts and studies that show they must destroy capitalism and America to save America. I wish they'd all just go to hell and leave us alone.

They're either morons or traitors and I believe they are both. Oh, and they're academics which makes a perfect trifecta for failure. Babes at the betting booth and when they fail as predicted then the horse will get shot. At least in their world. I'd turn that around.

As Europe Lectured They Took US Bailout Dollars

Americans angry over the bailouts, stimulus funny money and the general "too big too fail" mentality amongst the financial geniuses in Washington will be thrilled to find out that billions of dollars went to Europe. Our banks are being hammered by bad loans pushed on them by Bwarney Frank, Dodd and the other losers in Congress and those banks have failed, lost 100s of millions or have had to hose shareholders, but foreign banks got the bucks even as their governments lectured America on economics.

European banks took big slice of Fed aid
 
Many of the worst dim bulbs and losers got tossed in the last election because of thinking such as this. Now it is time to toss the president and his economic allies in the Senate in the next election. This economic theory isn't a theory anymore, it is a proven disaster from stimulus, cap and trade, bailouts, health care reform and buying huge chunks of corporations to support their buddies the unions.
 
Cut spending by 10%, cut government programs by 10% and fire 25% of bureaucrats including contractors. That'd be a start. In the second round do it it all over again.

CHANGE: Chinese Hummer-HOPE:They Don't Ship The Jobs There

Obama's outsourcing overseas plan. Think those customer service operators are hard to understand now, just wait until you have to complain about seats put in backwards. You'll probably be told, "yaw wuo." Get used to it.

GM to sell Hummer to Chinese company
General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.

Obama's economic plan is strengthing the economy everyday. In China.

"We're Out Of Money" Because Of Health Care?

No way you can make this stuff up. We are in a financial crisis, not because of the match called Fannie & Freddie that lit the fuse, but because we did not, "make some good decisions on health care over the last several decades."

Huh?

How far down Alice's hole will Obama take us?

C-SPAN
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.

Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...

It may be the mental health of Frank, Dodd, Pelosi, Reid, etc., but health care caused this financial mess? Besides out and out corruption in Congress the problem is big government and making it bigger will not improve one damned thing.

Government Motors Is The Reality?

GM bankruptcy plan eyes quick sale to gov't

The board of the new company would be established with the tacit approval of the government. Fritz Henderson, who took the helm of GM earlier this year after the government pushed out Rick Wagoner, would likely head the new company, the source said.

Zack Space Drunk Driver Medalist

Zack Space doesn't really have to come up with his own caustic lines when he can steal and then twist statements from PJ O'Rourke;

"Giving money and power to Congress is like giving whisky & car keys to teenagers."

As the cliche goes, if you put Congress in charge of deserts, there'd be a sand shortage in no time.

Zack, never one to lose a chance to pander, now has evolved from a "consumer protection" lawyer into a businessman extraordinaire. AIG is contractually obligated to pay the bonuses, but Zack the businessman says they are exhibiting "irresponsible behavior" if they follow the law. Maybe Zack is trying to drum up some business to help the aggrieved recipients if the bonuses are not paid or maybe he is just following the de jour memo from Pelosi to keep beating on business and raising taxes more and more.

SPACE CALLS FOR 100% TAX ON AIG BONUSES

03/17/09
- Taxpayers Would Recoup “Reward” for Irresponsible Behavior -

Responding to calls for action from outraged constituents, Congressman Zack Space (OH-18) today called for a 100% tax on bonuses awarded by AIG to their top employees. Despite taking $170 billion in taxpayer-funded bailout, AIG is unbelievably awarding their executives $165 million in bonus compensation.

“Giving these executives bonuses for their performance with AIG is like giving a drunk driver a medal,” Space said. “Instead of handing these reckless executives checks for millions in bonuses, they should be handed pink slips.”

“If AIG can’t figure out a way to stop these payments, we will just have to take that money back,” Space continued.

The AIG Taxpayer Protection Act, which Space has cosponsored, would require AIG to pay 100% of the value of the bonuses awarded back to the taxpayers. This bill is set to be introduced today.

Congressman Space is also an original cosponsor of the Cap Executive Officer Pay Act of 2009, a bill that will limit the amount of salary, bonuses, and stock options for executives of companies receiving federal rescue assistance to prevent this from happening in the future.

Congressman Space has represented Ohio's 18th Congressional District since 2007. He is working to restore integrity to the office, create the conditions to bring new industry and jobs to Ohio, and support renewable energy.

Maybe Congress needs to tax these people at 100% to make up for all the Obama nominees who didn't pay their taxes. Of course, Zack's dream is to tax every business 100%. That'll teach the money grubbing business owner a thing or two. Of course it would put the federal government further in debt, but they'll just print more bogus money. That's how they do business.