Comments on: Bailout Watch 320: All Eyes Turn to “The One”

By: AG

AG — Wed, 07 Jan 2009 07:26:38 +0000

If Barack Obama is The One, does that make George Bush The Zero, or The Negative One?

By: ruckover

ruckover — Wed, 07 Jan 2009 00:28:38 +0000

Man,
do we hate an intrusive government.
Love, Ken Lay and Bernie Madoff

By: jschaef481

jschaef481 — Tue, 06 Jan 2009 21:13:48 +0000

Orian: Methinks you assign way too much credit/blame on specific administrations for economic conditions. Nonetheless, I believe the Reagan administration inherited a gargantuan crater of an economy from Mr. Carter in 1981. It would seem difficult to criticize the economy’s performance on his watch.

That said, the domestics either reorganize under Chapter 11 protections, liquidate under Chapter 7, or survive on a perpetual allowance from Uncle Sam. There are no other possible outcomes. Bridge loans (bailouts) will not alter this reality.

By: Orian

Orian — Tue, 06 Jan 2009 20:17:17 +0000

It’s going to take a few years for the economy to recover any way you look at it…this seems all to familar to when Clinton took office from the Reagan/Bush years – economy in the toilet, and that took years to straighten out.

The time it will take for the economy to recover will be the death of the Detroit three anyway you try to spin it. Let them file bankruptcy and start over – no more bailouts (none should have been given in the first place IMHO).

By: Vorenus

Vorenus — Tue, 06 Jan 2009 18:37:56 +0000

…aaaaaand now there’s a post about it.

By: Vorenus

Vorenus — Tue, 06 Jan 2009 18:08:43 +0000

Subaru is still doing pretty damn well, all things considered.

How come nobody mentions it?

By: RetardedSparks

RetardedSparks — Tue, 06 Jan 2009 17:44:21 +0000

bluecon:

Why $1M? Most of us can get by fine on $100k.

Ooh, ooh … press release:
“RetardedSparks cuts government spending 90% on first day in office!”

By: RickCanadian

RickCanadian — Tue, 06 Jan 2009 17:30:23 +0000

I just hope that the Canadian government at some point stops “matching” the “investments” and “loans” made by the US government for this bunch of loosers. But it’s not going to happen…

BTW Robert, is this “Bailout Watch 320″ 2.0? What happened to the original post with that number and the proposed boycott? I think I missed something in the last couple of days…

By: Casual Observer

Casual Observer — Tue, 06 Jan 2009 17:20:08 +0000

The Democratic promise: “A chicken in every pot and a Buick in every garage.”

Of course, the chicken has doubled in price because farm subsidies have eliminated market competition. On the other hand, the Buick has halved in price because the focus has shifted from making profit and is now on selling cars to inflate the numbers in order to make a case for more federal funding.

I hope the majority of us are starting to see how an intrusive government makes the world so backward.

By: geeber

geeber — Tue, 06 Jan 2009 17:01:29 +0000

I read in today’s local paper that, under President-elect Obama’s proposed plan, couples will receive a $1,000 tax break. But it won’t be received in the form of a $1,000 check – it will come through reduced payroll taxes, meaning that taxpayers will see smaller deductions throughout the year.

Whether that will stimulate the economy remains to be seen, but that is not going to spur us to buy a new vehicle. But then, neither would a check for $1,000. And even if we were going to buy a new vehicle, it wouldn’t be a GM or Chrysler product.

So, from our corner, both companies are still out of luck.

By: Banned User

Banned User — Tue, 06 Jan 2009 16:57:55 +0000

Why are they going to all this trouble? Just print enough money to give everyone a million dollars then nobody will need to work.