Posted by
rycK on Thursday, December 11, 2008 9:25:38 AM
The Farce of the Detroit Bailout: Your Tax
Monies Down the Rat hole
Well, the
drooling Democrats driven by union bribes have jeopardized some more of your
tax money. Detroit, with a mere three failing industries, has not been given
some ‘hope’ that they can survive after they get 14 billion of your tax dollars
and then file some business plan. That
amounts to 15 x [1 bln/130 million workers] x 2 x 8$] or 15 x $16 or $240 per personof
your money wasted.
Here are the details:
Let’s all get patriotic!
“"You got it. It’s time to be patriotic, Kate. Time to jump in, time to be part of the deal, time
to help America out of the rut, and the way to do that is they’re still gonna
pay less taxes than they did under Reagan."—Joe Biden, known as “Plugs” plagiarist and a person who
cheated his way through Law School at Syracuse advises us on patriotism.
Note that
there are 5
trillion dollars in Fannie Mae debt and a bailout sum of 4.28 trillion dollars so that runs to the
tidy sum, so far, of $80,000 + $68,600 or a nifty $148,000 or about the price of an
average home before the government sent your savings and investments into the
economic rat hole.
Do you feel proud that that was
for ‘affordable housing?’ Gee, how generous.
Here are some numbers to think about: At a current $10.6 trillion debt level the government spent $412
Billion last year on debt service. The budget was $3000 billion so that works out to 312/3000 or just under 14% of the tax
revenues. Due to printing money and other follies we seem to have already spent some $4.28 trillion on bailouts according the CNBC.com
Our current deficit for 2008 will best a
trillion dollars or add $16,000 more to your debt. Aren’t you proud?
Detroit
is a basket case where the greedy unions have milked the corporations for
decades and work for a mere $73 per hour
with benefits added in and must compete
against companies-well run indecently-with $45 per hour labor and benefit costs. [These
numbers are debatable]
The
parking lots are full of cars now and we have about 7 months of unsold car
inventory so we need to pay Detroit to make more cars! Why don’t Nancy Pelosi
and
her Asian
Massage Parlor Queens just ask the government to buy, say, 25
million cars from Detroit!
The facts
are that Detroit cannot compete with the new transplants even in a good
economy and now with sales down 40% or so we need to pay
them not to make cars?
Oh, and
they might all be electric cars [Green Weenie Mobiles designed by EcoNazis] that get a whopping 40 miles to a battery charge
too! There is no good battery technology despite what Friedman and his stooges
at the NYT say. And
more than half the electrons generated by coal fired plants too. No pollution!
This
scumbag Blanko-jerkoff-a-b*t*h [(pronounced
bluh-GOY-uh-vich) ]governor[11] has shown us all about how
Illinois politics works and O’ Bozo and Rham Emmanuel floated on top of those scummy
waters for years. The liberal Democrats
are selling your wealth to the unions.
They will
be back in March with a ‘plan’
and begging for more money and the unions will give up nothing in return except
a few tokens.
Aren’t
you glad you voted for a ‘change?’ You are going to experience several
‘changes’ in your life styles like a return to another Great Depression, soup
lines and poverty.
Now, that
is being patriotic in the words of ‘Plugs.’
rycK
Comments:
ryckki@gmail.com
Krugman Lectures us on Deficits
and tells us all is well. Big Government will get Bigger
Financial Crisis Tab Already In
The Trillions By CNBC.com |17 Nov 2008 |
“Given the speed at which the federal government is throwing money at
the financial crisis, the average taxpayer, never mind member of Congress,
might not be faulted for losing track. CNBC, however, has been paying very
close attention and keeping a running tally of actual spending as well as the
commitments involved.” -- Financial
Crisis Tab Already In The Trillions By CNBC.com |17 Nov 2008 | http://www.cnbc.com/id/27719011