http://www.propublica.org/special/government-bailouts
Note S&L bailout is $293.3 billion
Auto bailout is $25 billion
In late September 2008, Congress approved a more than $630 billion spending bill, which included a measure for $25 billion in loans to the auto industry. These low-interest loans are intended to aid the industry in its push to build more fuel-efficient, environmentally-friendly vehicles. The Detroit 3 -- General Motors, Ford and Chrysler -- will be the primary beneficiaries. $25 billion
Trying to put this in context won’t matter to the Bush bashers.
They couldn’t care less that Bush simply gave them low interest loans so they could make it to orderly bankruptcy...not “bailed them out”.
He did the right thing for our nation, he did it for the right reasons, and he did it in a conservative manner....even though he personally knew the mfgs did not deserve it.
That’s leadership..taking a path you don’t want to, but have to, and making the best of it.
Add this EIGHT TRILLION DOLLARS to the SIXTEEN TRILLION DOLLARS that we already owe. THAT IS TWENTY FOUR TRILLION DOLLARS IN RED INK... Representing FUTURE TAX RECEIPTS FOR GENERATIONS UPON GENERATIONS of indentured American slaves!
This was made public during the third week in December, after the results were released from the first ever audit of the Federal Reserve. Since not one elected repubic slime-ball has said anything about this... and the only thing coming from boehner and mcconnell is dead silence... do you want to try and justify that for your liberal friends in the repubic party? If you think that we here on Free Republic have become worthless... why don't you exile yourself out of here forever and I will personally make up any future donations that you might have given to Jim?
LLS