Friday, December 19, 2008

Bush Now Worst President Since FDR

"Mr. Compassion" doesn't really give a rip about taxpayers under 25 years of age, nor their children, nor their children's children...(etc.).

So who's he kidding about "compassion," aside from himself?

He's blown money around like it's water, evidently to make up for his asinine foreign adventures--and today blew another $15Bn or so.

Does that mean that I can pick up my personal new Chevy tomorrow? Because between me and my children, we own several of them in prospect...

The federal government will enable Detroit's ailing automakers to survive a little longer by providing $17.4 billion in short-term financing in exchange for concessions from carmakers and their workers.

President Bush said Friday that a bankruptcy was unlikely to work for the auto industry at this time because it would deal "an unacceptably painful blow to hardworking Americans" across the economy.

Here's the laugh-line for you:

Bush said the loans will be called back if the companies are not viable by March 31

No doubt Citibank will float a loan to these inebriates to "pay back" the Gummint, right?

And, of course, the usual Gummint game:

Bush's plan is designed to keep the auto industry running in the short term, passing the longer-range problem on to the incoming administration of President-elect Barack Obama.

Still wanna bet on a "call"?

HT: Lott

1 comment:

Joe of St. Thérèse said...

No more bailouts, unless you and I are getting checks in the mail.