Obama plans new company bailout initiatives (Here a bail-out, There a bail-out, eieiooooo)

AFP on Yahoo ^ | 4/4/09 | AFP

[NormsRevenge]

WASHINGTON (AFP) – The administration of President Barack Obama is considering new bailout initiatives that will allow troubled companies to benefit from rescue programs while avoid restrictions imposed by Congress, The Washington Post reported Saturday.

...

Experts at the Obama administration have concluded that this approach is vital for persuading firms to participate in programs funded by the 700-billion-dollar financial rescue package, the report said.

The administration believes it can sidestep the rules because, .. it has decided not to provide federal aid directly to financial companies,..

Instead, the government has set up special entities that act as middlemen, channeling the bailout funds to the firms and, via this two-step process, stripping away the requirement that the restrictions be imposed, The Post reported.

[NormsRevenge]

Ol' Obama had a bail-out

eee iii ooo uuu eeee

with a hedge fund here

and a hedge fund there

[NormsRevenge]

Rules are for cowards.

Obama is no coward.

[cripplecreek]

The administration of President Barack Obama is considering new bailout initiatives that will allow troubled companies to benefit from rescue programs while avoid restrictions imposed by Congress.

I'm confused. First there was a bailout with a deal made to pay bonuses. Then came outrage that taxpayer money went to pay bonuses and wrongful blame on the bonus receivers. Now a way to take taxpayer money and still get the bonuses?

[TheBattman]

But who is going to bail out the taxpayers after the businesses are bailed out?

[Ev Reeman]

This administration is addicted to massive spending on a scale so huge they make the republican Congress look like misers. In fact the Congressional spending is so massive, the country is in grave and serious danger of dying from an overdose. That’s what happens to addicts who cant get enough.

[dalereed]

Communists don’t believe in rules!

[boomop1]

With strings attached dooduh day.

[mountainlion]

So, Who is supposed to bail the people out?

[libh8er]

This is not about bailing out. This is about Obama punishing the country that he deems has been so unfair to him and his ilk.

[jveritas]

The plan is very clear. Waste trillions of dollars from tax payers money and printed money on welfare and failed companies. Make Wall Street have a fake orgasm about this and then the DOW will go up furthermore given the fake impression that the economy is doing great and Obama socialist plans are working when in reality the economy is getting destroyed. The media will tell the public that Obama plans are working, the majority of the public will believe it, Obama will further continue on imposing socialism until we reach the point of total economic collapse. The question is will this total economic collapse occur beofre the 2012 re-election and destroy any chances Obama has to win a second term or will it occur after 2012 after he got re-elected.

[Salvation]

There is no salvation for our country in increased taxes and bailouts.

[Mr. K]

I thoguht we had to do the LAST $trillion dollar bailout to prevent global meltdown...

Does Obambi mean we need ANOTHER ONE?????

Will THIS ONE work??

(Don’t reply, I know the answer)

[Ev Reeman]

IMO the Obummers have a deep rooted pathological hatred of America which started from their childhoods and then was reinforced by listening to folks like the Reverend Jeremiah Wright, Saul Alinsky, Tony Rezko and Bill Ayers who all have a part in shaping this fascist communist President Obummer who has delusions of grandeur, arrogance that makes Alexander the Great look like a wimp and an ego that can be compared to Caesar and Napoleon!

[Repeat Offender]

So, Who is supposed to bail the people out?

The government.

Work will set you free mein friend... /s

[spiderfern]

I tried to interpret the article posted on MSNBC this morning and couldn’t make “heads or tails” out of it—TYPICAL of Bambi’s admin.—make the rules up as you go along!

[Tempest]

Ohhh for goodness sakes, and the insanity spirals on.

I guess the corporations are getting a refund on all their campaign contributions to Zero.

[mountainlion]

I am retired and I don't know how much my 401k lost. I have planned for 30 years for retirement and now they have either changed or want to change all the rules. Pelosi thinks my 401k is windfall profit. My share of the national debt is more than I own. I have two ruptured discs and two bulging discs in my back and can't put in a full days work. Work did not set me free!

[sportutegrl]

Napolitano had a good story on Fox the other day about this. Seems that a stable bank was forced to take bailout bucks by being threatened with unrelenting government audits. Now they want to pay it back and the government is not letting them, because they want to impose these restrictions on all banks.

IMO, Obama is lying (ya think) when he promises that new bailoutees will not have to deal with the restrictions imposed by congress.

[eyedigress]

My company depends on world growth. It is basically a capitalistic outlook. We have taken a hit pretty hard. We are on pins and needles trying to figure where this tax money is being drained.

[kamikaze2000]

Obama is transferring wealth from the middle class to his corporate fat cat buddies...well I’d just like to say to all those downtrodden homeboy types: Obama ain’t fighting the man, Obama IS the man. Suckers.