Another Bailout WTF!

[wnied]

Read this article this morning and thought....where was all this concern for paying back the bailout money when Lehman Bros, Citigroup, and Fannie Mae & Freddie Mac were being bailed out? Citigroup alone will cost us more than 300 Billion dollars!

WTF!

A thoroughly disgusted:disgust:
~wnied~

 

[dmcowen674]

Originally posted by: wnied
Read this article Four days after the government made the long-suspected existence of a recession official, Bush used the word himself.

Bush: acknowledges recession, automakers' troubles

"Our economy is in a recession," Bush said flatly, speaking to reporters on the South Lawn only hours after the release of a government report showing the biggest month of job losses in 34 years. "This is in large part because of severe problems in our housing, credit and financial markets, which have resulted in significant job losses."

During Bush's eight years in office, the United States has fallen into two recessions.

The first one started in March 2001 and ended in November of that year.

The first one the Bush resident Republican apologists blaed on Clinton, this one they are blaming on Obama before he even takes office.

 

[First]

This isn't new, not sure what you're talking about; Congress has been talking about auto bailouts for weeks. And the Fed let Lehman fail (which was disastrous btw, their bondholders panicked), and Fannie/Freddie/Citigroup/AIG/etc. are getting loans which they have to pay back plus interest, they're not getting free money. The only concern is whether they use the money properly to free up credit and not buyup/horde (a big deal, obviously). Some say there is a moral hazard problem, which may be true, but the alternative is far worse (doing nothing), if you look at data and history.

 

[dmcowen674]

Originally posted by: Evan
This isn't new, not sure what you're talking about; Congress has been talking about auto bailouts for weeks. And the Fed let Lehman fail (which was disastrous btw, their bondholders panicked), and Fannie/Freddie/Citigroup/AIG/etc. are getting loans which they have to pay back plus interest, they're not getting free money. The only concern is whether they use the money properly to free up credit and not buyup/horde (a big deal, obviously). Some say there is a moral hazard problem, which may be true, but the alternative is far worse (doing nothing), if you look at data and history.

The "news" is that Bush used the "Recession" word for the first time in his 8 years.

 

[StageLeft]

Originally posted by: dmcowen674

Originally posted by: wnied
Read this article Four days after the government made the long-suspected existence of a recession official, Bush used the word himself.

Bush: acknowledges recession, automakers' troubles

"Our economy is in a recession," Bush said flatly, speaking to reporters on the South Lawn only hours after the release of a government report showing the biggest month of job losses in 34 years. "This is in large part because of severe problems in our housing, credit and financial markets, which have resulted in significant job losses."

During Bush's eight years in office, the United States has fallen into two recessions.

The first one started in March 2001 and ended in November of that year.

The first one the Bush resident Republican apologists blaed on Clinton, this one they are blaming on Obama before he even takes office.

LIES

 

[piasabird]

I would rather give a loan to a Car manufacturer than some stupid bank that keeps trying to get people to accept credit cards they can not afford.

So in the next war are we going to be buying japanese tanks?

 

[BrunoPuntzJones]

In other news Honda has quit the F1 racing league. Costs too much considering the global economy. Wait what, a foreign automaker is cutting costs before they spiral down the crapper? Why don't they just keep throwing 500M+ a year down the tubes and get a bailout.

 

[retrospooty]

Originally posted by: wnied
Read this article this morning and thought....where was all this concern for paying back the bailout money when Lehman Bros, Citigroup, and Fannie Mae & Freddie Mac were being bailed out? Citigroup alone will cost us more than 300 Billion dollars!

WTF!

A thoroughly disgusted:disgust:
~wnied~

Sad point, but you really need to put the subject of the bailout in the title - there are just too many bailouts and bailout threads =(

 

[dmcowen674]

Originally posted by: BrunoPuntzJones
In other news Honda has quit the F1 racing league.

Wow

That's huge.

 

[CPA]

Originally posted by: dmcowen674

Originally posted by: BrunoPuntzJones
In other news Honda has quit the F1 racing league.

Wow

That's huge.

um, no it's not. There are plenty of big sponsors still in F1.

 

[dmcowen674]

Originally posted by: CPA

Originally posted by: dmcowen674

Originally posted by: BrunoPuntzJones
In other news Honda has quit the F1 racing league.

Wow

That's huge.

um, no it's not. There are plenty of big sponsors still in F1.

With what engines?

 

[StageLeft]

Originally posted by: dmcowen674

Originally posted by: CPA

Originally posted by: dmcowen674

Originally posted by: BrunoPuntzJones
In other news Honda has quit the F1 racing league.

Wow

That's huge.

um, no it's not. There are plenty of big sponsors still in F1.

With what engines?

internal combustion

 

[miketheidiot]

Originally posted by: Skoorb

Originally posted by: dmcowen674

Originally posted by: CPA

Originally posted by: dmcowen674

Originally posted by: BrunoPuntzJones
In other news Honda has quit the F1 racing league.

Wow

That's huge.

um, no it's not. There are plenty of big sponsors still in F1.

With what engines?

internal combustion

lol epic

 

[chess9]

Originally posted by: Skoorb

Originally posted by: dmcowen674

Originally posted by: CPA

Originally posted by: dmcowen674

Originally posted by: BrunoPuntzJones
In other news Honda has quit the F1 racing league.

Wow

That's huge.

um, no it's not. There are plenty of big sponsors still in F1.

With what engines?

infernal combustion

Fixed that little mistake for you.

-Robert