Bailouts Gone Wild

Discussion in 'Current Events' started by wkmac, Jan 11, 2009.

  1. wkmac

    wkmac Well-Known Member

    I hope Joe and Larry stick this stuff right back in the govt's face and I hope and pray they take it all the way including a challenge under the 14th amendment Equal Protection Clause. What makes this even better is when it's a case IMO of "what's evil" (porn) verses "what's evil" (gov't). The loser will always be "what's evil!"

  2. Baba gounj

    Baba gounj pensioner

    Everyone should do their part & go buy a couple of DVDs right now. :wink2:
  3. tieguy

    tieguy Banned

    Problem is no one is dropping their prices. car makers keep complaining about how they are not selling cars yet they are not offering anything above the normal deals you were getting.

    the porn is another example. I happened to notice that channel 1003 ( holy smokes over a thousand tv channels on verizon) was the girls gone wild video show. Now I might have selected to watch it out of curiosity if the price was right. But they wanted 14.95 for me to ppv it. I don't believe they could possibly have anything on that show that is worth that much.

    So perhaps we should request these ailing industries liquidate their current inventory before we even consider giving them any aid.

    If the taxpayers are going to foot the bill then maybe the taxpayer should be able to buy a brand new suv for 5 grand or a video for a dollar in compensation.
  4. stringerman85

    stringerman85 New Member

    Don't worry the democrats will be dishing out money like you wouldn't believe, LOL :happy-very:
  5. wkmac

    wkmac Well-Known Member

    Good points Tie but after reading your comments I happen to run across the article linked below about Repudiating the National Debt. The author passed away back in the mid 1990's so the article is around 20 years old as you'll see when you read it but it was still an interesting read. Change a few figures to update along with some names and you'd swear it was about the current mess.

    I found it interesting and thought I'd pass it own based on some of your comments and ideas above.

    As for ailing industries liquidating their assets to free themselves economically, I believe the author is suggesting your very good advice with this very thing for the biggest industry of them all!
  6. moreluck

    moreluck golden ticket member

    Only in Obamaland.

    (Reuters) – The Obama administration provided struggling battery maker A123 Systems Inc with nearly $1 million on the day it filed for bankruptcy, the company told lawmakers investigating its government grant.
    The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after a rescue deal with Chinese auto parts supplier Wanxiang Group fell apart.

    That same day, October 16, A123 received a $946,830 payment as part of its $249 million clean energy grant from the Energy Department, the company said in a letter, obtained by Reuters, to Republican Senators John Thune and Chuck Grassley.
    In the letter, dated November 14, A123 said the October payment was the most recent disbursement it had received from the government, with an additional $115.8 million still outstanding on the grant.

    Thune and Grassley have pressed the Energy Department for more details about its funding of A123 as the company has faltered.

    “The Department of Energy needs to answer for why it appears to put federal grants on auto-pilot to the detriment of U.S. taxpayers,” Senators Thune and Grassley said in a statement. “This can’t stand.”
  7. moreluck

    moreluck golden ticket member