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First they come up with a 700 BILLION DOLLAR bailout for the lending institutions involved in the sub prime mortgage crisis that some in DC had helped to perpetuate. This has since turned into a TRILLION DOLLAR bailout. The worst part is that all of the money hasn’t been paid out yet and the price keeps going up.

Not to mention the BILLIONS they are pouring into AIG an insurance company that can’t stop spending taxpayer DOLLARS on lavish resort get a ways. Does this sound like the right business model for AIG? They are almost in bankruptcy.

Oh I forgot there is also the 300 BILLION DOLLARS that was earmarked for buying up mortgages at full price that people couldn’t afford to pay and then renegotiating to a lower price so that the same deadbeats could default on the new mortgage they get. This sounds like a great investment if the taxpayer expects to lose money on investments.

Well now they are at it again in DC. Now they want to bailout the US auto industry to the tune of about 25 BILLION DOLLARS and that may wind up the low end figure when they are all done. Is it’s the governments fault, because they can’t compete in the same market with foreign automakers. Maybe they should learn something from these foreign companies, like making cars that consumers want to drive, that would be a good idea. Maybe they should get rid of the unions to, because they don’t seem to be making things any better for the big three in Detroit.

Of course the folks that are pushing this new bailout plan are the ones currently in power in both houses of congress, and now in the White House as well. This latest idea is the brain child of that horrid had from San Francisco Nancy Pelosi who is speaker of the house, and she is being backed up by Barney Frank the little fat F----R who helped create the mortgage crisis that we are experiencing now.

They are also talking about some sort of bailout for credit card companies to. I guess the taxpayer might as well absorb all the bad credit card debt for those deadbeats living way beyond their means. It is not our fault that they can’t say no to a credit card offer when they can’t pay off the ones they have.

What I would like to know is where Uncle Sam is going to get all the money for these bailouts. Actually I know where they will get the money. First they will print off what they need, then they will borrow it from China, then they will tax the H—L out of us. Then again we shouldn’t be surprised, because that is what the Democrats do. They tax and spend their way through life at the expense of everyone else’s pocketbook but their own.

Personally my friends I think we should not have bailed out the mortgage companies. If they can’t do business right, that isn’t our fault. They also should have learned to say no to the DC slime that told them to make the loans anyway when they new they were a bad risk. As far as AIG is concerned how many insurance companies do we really need? They should not get tax dollars either. Our government should not be in the business of buying mortgages either there is no Bank of Tim the Blogger. I don’t want to be in the mortgage business. As far as the US auto industry is concerned, they always try to screw me when I want to buy a car, so I’m buying a Volkswagen next time go around. They don’t need my money either. Don’t even get me started on the credit card companies. All I will say is that I don’t have any credit card debt, so don’t ask me to pay yours because yours is maxed out and your credit rating is in the toilet. I guess what I am trying to say is let them fend for themselves, because the taxpayer isn’t going to get anything out of all of this except screwed.

Have a wonderful weekend my friends CIAO4NOW!!!!!


It frankly amazes me at the amount of money they are throwing at all of these companies. I say that the free market is and should be survival of the fittest. If they can't stand on their own two feet then let them fail.If these keeps up then pretty soon we will have to bail out our own government. Great post Tim keep up the good work.

November 15, 2008 at 9:24 AM  

I agree. NO BAILOUT!!! No one is coming to bail me out when it's tough to pay the bills...when it seems that the money won't stretch. Guess what? The American people learn to stretch their money, make sacrifices, and do without a lot of things, especially in this economy. So why the heck would we want to pay so other people can have their golden parachutes, their company meetings in luxurious resorts????? Is the government going to send me on a lavish vacation? Yeah....when donkeys and elephants fly.....

November 18, 2008 at 6:04 PM  

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