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Hey, UPI.

Why not cut spending first. Then cut taxes. Then lift the excessively restrictive regulations on US industry that drive them to other countries (what, polluting is ok if it's in someone else’s backyard?), then severely restrict immigration, both legal and illegal, until we get ourselves balanced out.

We'll have plenty of jobs and our economy will boom. But that doesn't support your socialist agenda, does it.

“GM keeps 2.5 million people employed. But automakers, losing $2 billion to $3 billion a month, and their congressional supporters pleaded for a slice of Treasury’s $700 billion rescue package.

This is exactly the point. These people are destroying wealth, since the value of the cars they make is less than the cost of their labor and the capital used.

If they lost their jobs, they would be forced to get jobs that produce wealth instead.

"the height of the lend-to-anyone credit boom when commercial banks doled out more than $600 billion a year in net new lending."

For all those in DUmmyland who think that ending the war will payoff ALL the problems, it's my calculation that the forced lending (by the Democrats) to UN-QUALIFIED buyers for fear of attacks for "red-lining", costs about 5 times a year's worth of war spending.

Funny, the MSM doesn't want to talk about THAT.

We're gonna implement bailouts to the mis-managed businesses, along with paying the mortgages of those who don't even pay income taxes, AGAIN, on the backs of the EARNERS/WORKERS who will have MORE taxes taken from them, as if this will "stimulate" the economy.

Those who earn their own way are the consumers who BUY things, and every dollar taken in taxes is a dollar that won't be spent buying goods and/or services......WHAT A PLAN!

Some banks are hoarding these financial blood transfusions to fund acquisitions and/or as a cushion against further losses.

Who wants to lend money when the economy and employment are worsening? The problem is that our government is pro-bureaucracy and anti-business. There idea of reviving the economy is to provide rebates to help sponsor consumerism. This may help bolster jobs in China were many of these goods are produced but does little to strengthen the competitiveness of American business.

The demonRATS are pushing bailouts for the “auto companies”, but their main interest is the United Auto Workers union. General Motors spent in excess of $70,000,000 for Viagra last year!GGGGRRRRR!!!!

How’s that “new economy” working out for you? You know, the one where we don’t actually make or build anything anymore, but instead trade each other information and paper. The one where it’s so passe’ to actually manufacture tangible products because it’s so much cheaper to have it done offshore, and make the products you used to manufacture are no longer affordable to the people who used to make them, because they’re now employed (maybe) in some bottom feeder job.

How’s the new paradigm of “shareholder value” working out for you? Your shares aren’t worth the paper their printed on if they don’t actually have any value. You generate wealth by actually producing something vs. gambling with the market. Investors are more likely to go with you when they they see real product going out the door and you booking more sales.

The point I’m driving at is that when we stopped producing here, is when we started to slide downhill into irrelevance in the world. Want to see what we’ll be like in 50 years, look at England today.