Bailout Watch 53: Sen. Reid Calls $25b Loans "Small Change"

bailout watch 53 sen reid calls 25b loans small change

Holy shit! Who elected these people? I mean, OK, ever since the so-called “debate” over the Energy Bill’s $25b low-interest federal loans to Detroit was first mooted, we figured Motown would get its pound of taxpayer flesh. Right from the git-go, we said the American automakers’ [remaining] political muscle and Michigan’s position as a “battleground” state during this presidential election season sealed the deal. And we predicted the only possible barrier to bonanza billions: bailout fatigue. And lo, Uncle Sam’s $85b AIG bailout is upon us. But as long as there are no more shocks, and The Big 2.8 can keep up the big Mo, the money will still flow freely from your pocket. BUT never underestimate Detroit’s ability to snatch defeat from the jaws of victory. For example, Senate Majority Leader Harry Reid seems Hell bent on getting his picture in Bartlett’s Famous Quotations, under “Who needs enemies when you have friends like these?” The Detroit Free Press got the money shot (and buried it at the bottom of the piece). “’It’s extremely important we try to do something,’ [Senator] Reid said, adding that compared with the cost of the Wall Street bailouts, the cost of the $25-billion loan program — estimated at $7.5 billion — is ‘small change.'” The fact that he’s right is more galling than the idea that he isn’t.

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  • GS650G GS650G on Sep 18, 2008

    When it's Other People's Money it's small change. Bastards.

  • Luscious Luscious on Sep 18, 2008

    Senator Reid, You're trash. Your mind is warped. You no longer represent the people. Go back to Nevada. May your state Finally get the nuclear dump you so deserve.

  • Netrun Netrun on Sep 18, 2008

    Awesome picture. I love it when people finally expose themselves for the a-holes they really are. Good luck on your next re-election! I hope this picture is featured in every ad your competitor pays for! How fitting that the Freep, the lapdog of the Detroit 3, would be the ones to get the scoop. Odd that they'd publish something so damning. Glad they did, though!

  • Hltguy Hltguy on Sep 18, 2008

    Perfect photo, shows how this swarmy politician feels about the American taxpayer

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