| halogamer1989 said: Yup another bailout recommended and overseen by none other than Elmer freakin' Fudd. Barney Frank needs to grow a pair and learn to obligate MASSIVE overhaul and not just take the $$$ and run schemes. As for the necessity to fix their problem with the money disbursements--r u kidding me! Fix the crap first and then bail out what is left. File for Chapter 11 and restructure. Hell, merge GM and Chrysler and get rid of the redundant fleet. |
While I do agree that Chapter 11 would solve more of GM's problems than a loan would, the last thing the economy needs right now is more bad news. The economic environment has gotten even worse since GM et al first asked for a bailout.
And this plan seems to be much more well-implemented from the start than the $700 billion bailout. Not to mention it is a fraction of the price.
The economy can't just keep taking every punch that's thrown at it, or we will sink into a depression rather than just a recession.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
