The Bailout Needs a Bailout
By: Pam On: Dec/30/08 - 2 Comments
the Bush Administration’s latest $6 billion bailout of GMAC, bringing the first round of the GM bailout total to $23.4 billion, pushes the total money committed by the Troubled Asset Relief Program past the initial $350 billion authorized by Congress. In other words, TARP now has now made specific promises to spend more money than it actually has the authority to spend. The bailout is now in need of a bailout.
Let me explain this so that it is perfectly clear to you..GM banked on loaning money to sell their cars, yet had no money to loan, so you lent them the money to loan you…
December 17, 2009 - 10:57 AM on December 17th, 2009
Just what does Obama think he is doing? S o far he has put the burden of BIG BUSINESS’S TOTALLY NCOMPEDENCY SQUARELY ON THE W ORKING MANS SHOULDERS AND ANY OF HIS GEAT GREAT GREAT GREAT GREAT GREAT GREAT GREAT GREAT GREATGRANDCHIDREN. Y ou don’t have to be a COLLEGE GRADUATE to attain his status in this Country. All you have to do is tell people what they WANT TO HERE. As Walter Cronkite said and I quote ‘WE ARE NOT EDUCATED ENOUG TO PICK OUR LEADERS IN THIS COUNTRY.
December 17, 2009 - 11:10 AM on December 17th, 2009
Everything this Country is facing FINANCIALY IS GOING TO COME TO A HEAD WHEN THE UNITED STATES HAS TO (BORROW) ENOUGH MONEY FROM FOREIGN SOURCES SO IT CAN PAY ONLY THE % INTEREST ON THE AMOUNT OF MONEY IT HAS ALREADY BORROWED THE LAST TIME IT GOT A “”LOAN”" THEN IT WILL BE OWNED BY FOREIGN SOURCES.