When a bail-out is NOT a bail-out!

When is a bail-out not a bail-out? When it called everything else but a bail-out.

 

Washington DC and its friends, I mean those that are coming "hat in hand" for money from the public trough are trying desperately to call this flood of government money, YOUR MONEY, anything but a bail-out. For example:

 

Henry Paulson on September 19, 2008 now refers to the $700 Billion USD bail-out ESA 2008 as a "Troubled Asset Relief Program."

 

Robert Nardelli, CEO of Chrysler, on November 19, 2008 called the $25 Billion USD he and his other two "compadres" from the failed Motor City want from the government a "Working Capital Bridge."

 

These 3 CEOs that flew into Washington, DC on their private jets have threatened law makers that if they are allowed to fail then 3 million jobs will go with them, ancillary industries like parts, and resources will fail as well, but don't touch the union job contracts!

 

What absolute arrogance!

 

Senator Harry Reid (NV-D) will put the vote off until the new SMDC comes into office after Jan. 20, 2009 when they do have the votes. Read this to mean that when we, the SMDC, take over, we can do what ever we want and you Republicans can't do a damn thing to stop us.

 

You think you have seen the markets slide today, wait until the inmates begin to run the asylum after January 20, 2009. I feel a real big ITYO (I told you so) coming in January.