Bush changes mind, may save auto giants

Politico ^ | | 12/12/08 9:36 AM EST | By MIKE ALLEN

[screaminsunshine]

This bailout will not get people to buy cars. Do people forget that the reason for the mess is nobody can buy the cars? Excuse me but how does this help?

[flamefront]

Senator Corker reporting now that GM has 62 Billion $ in debt at the moment.

So we are feeding money to prop up failure - just like the banking system fed money to subprime loans with the TARP.

Iconoclast Jim Rogers states the principal in addressing the banking crisis:

What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming and who kept their powder dry go and take over the assets from the incompetent," he said. "What's happening this time is that the government is taking the assets from the competent people and giving them to the incompetent people and saying, now you can compete with the competent people. It is horrible economics."

Where is the reward for success anymore? Everyone is rewarding failure only.

[WayneS]

Jim Rogers should be listened to.

[shadowgovernment]

“If it wasn’t for President Bush, those of you still alive, would be sifting through the remains of our burnt out cities looking for scraps to live on.”
>>>>>>>.............
give it time pal give it time..a few terrorist could never do what Bush and Co have done to our economy in a few short months..I will always remember him scurrying back inside the white house this fall after telling the American people the economy was collapsing and it's only hope was TARP.

[screaminsunshine]

Electric cars that go 50 miles on a charge for only 40,000. What a joke.

[RasterMaster]

TORCHES AND PITCHFORKS time!

[screaminsunshine]

Sign me up.

[demshateGod]

“A lot on the Right want his head too.”

If the lefties want to impeach him for Club Gitmo or Abu Grhaib I wont stand in their way.

[austinaero]

“Also....if Bush didnt do anything...and the auto industry crashes, taking the economy with it...the Dems will blame the GOP until infinity for damaging the economy”

While the DEMS will do what you say, it doesn’t matter. They do that anyway. This is politics. Each side blames the other. The GOP actually should learn how to defend themselves against this a little better, but I wouldn’t use DEM sleaze as a reason to make policy.

[meyer]

Bush bails out the big 3 (and the UAW) and I will join any efforts to impeach him. He’s a Republican, and was elected to act at least somewhat conservatively.

[ichabod1]

A lot on the Right want his head too.

As with Nixon, if the left comes for him, he will have precious few that will defend him. As with McCain, whom many of us voted for, but damned sure didn't send any money (down the wastepipe), or walk the precincts for (dangerous.)

[al_c]

That’d make a great tag. Go for it.

[Gary Johnson in 2012]

What an awful, awful President Bush has been. From illegal aliens, to spending, to a mismanaged war that killed the GOP politically, to corruption and extensive secrecy in his administration, the erosion of civil liberties under the PATRIOT act (wait till Obama gets hold of that, the democrats may not have liked it when they were out-of-power, but that’ll change), the Harriet Miers fiasco, among many other things...just a near all-around blunder this man has been. Reagan he ain’t.

[austinaero]

4. Finally there’s the possibility, since Texas has Kay Bailey Hutchison, that Texas Republicans are really wussies, excuse me dumbocrats.

Hey NOW! That’s a BROAD BRUSH you are using there.

[meyer]

...a few terrorist could never do what Bush and Co have done to our economy in a few short months.

You've got that right. Who needs terrorists when we have socialists to do the dirty deed without bloodshed (so far)?

[KTM rider]

"It’s like people think “bankruptcy” equals “vanished into thin air”. Just like people, if corporations go bankrupt, they don’t cease to exist. Let ‘em go bankrupt - the sun will still be shining the next day. "

this is true, but for some reason I have a feeling thats not what its really all about

I think this entire financial "crisis" is nothing more than a shift to socialism (total governmeent control), orchestrated by the federal reserve and the mega rich, the same thing happened through the Great Depression

[ReformedBeckite]

I believe that's exactly what happened when Nissan began operations in Smyrna, Tennessee -- in a former Big Three plant.

I'm going to have to disagree with you on that, I live in the area and I'm feel pretty confident in saying that Nissan built that plant from the ground up. It's the biggest plant under one roof, and one of the most efficient ones out there because of it. Before that and Satan in Springhill, Tennessee there wasn't much but cotton fields etc.

[Logical me]

What alternatives does Bush realistically have to doing some sort of bail-out?

Suggest bankruptcy! It is that simple.

[austinaero]

“The comments about President Bush are disheartening.”

Yes. However, W’s actions warrant it. We have to be real here. We can’t like everything the man does and this idea of his, doesn’t work. Now, it could be press-spin and maybe in his usual fashion he doesn’t really explain the STRINGS AND CONDITIONS (if there are any). W has been very short on explanations and it has cost him.

However, this idea he is ‘considering’ is just ludicrous and it calls for a response. You are right, it isn’t pretty.

[Logical me]

WHAT THE HELL HAPPENED TO BUSH???

Been in a coma for years.