• November 2008
    M T W T F S S
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  • Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

    Ronald Reagan


    When the government's boot is on your throat, whether it is a left boot or a right boot is of no consequence.

    Gary Lloyd


    We have a system that increasingly taxes and subsidizes nonwork.

    Milton Friedman


    The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money

    Alexis de Tocqueville


    Those of us who manage the public dollars will be held to account to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and our government.

    Barack Hussein Obama, 1/20/09


    My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it.

    Barack Hussein Obama


    “And the Democrats intend to lead the most honest, most open, and most ethical Congress in history”

    Nancy Pelosi, Election Night 2006


    A community organizer can't bitch when communities organize.

    Rush Limbaugh


Detroit Bailout

Here comes yet ANOTHER bailout BOHICA.

We (taxpayers) loaned US automakers a mere $25 BILLION in September, and they are now looking for another $50 BILLION. What will it be in 2 MORE months-$100 billion?

Why are we doing this? The rationale seems to be that if GM, Ford, and/or Chrysler were to go out of business, it would collapse the economy.

But I would argue that propping them up will make things worse, and merely postpone the inevitable.

The UAW, in it’s infinite greed, has continued to take everything they can get. For every 1 hourly UAW employee, there are 4 retirees eligible for health care benefits.  Also, UAW employees, on average, earn $25 more per hour in total compensation than Toyota/Honda workers. Unreasonably high compensation and unlimited health care benefits for retirees have put these companies in dire financial straits, and yet we are expected to prolong the agony.

But it doesn’t take a rocket scientist to figure out what is going on here. The Democrats are strongly supporting this next bailout. And why?

“Big Labor” helped BHO get elected (along with many other Dems in various offices), and it’s payback time. But this typical anti-capitalist stance will only work for so long. By using tax revenues to continue to prop up enterprises that should be bankrupt, the economy as a whole will continue a steeper downturn, to the point that the revenues will dry up, and expenditures in other areas will skyrocket, and more and more people are out of work.

And yet, as pointed out here, would Congress prop up Wal Mart with loans if needed? I think not.

So get used to it, and expect that UAW-controlled companies will continue to come to us for more and more money.


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