You guys are clueless. The auto bailout is nothing! It amounts to peanuts and yet you let yourselves be distracted by it.
What is much more concerning from a fiscal perspective is the bank bailout. The banks are still ripping off the taxpayers massively and you Piggs have let the government and the MSM distract you from it. I posted the following in another thread:
Also, you may have heard that the some big banks were ‘profitable’ in January and February. Surprise, surprise, that ‘profitable’ came straight from taxpayers as AIG overpaid massively (at the insistence of the government) on several of those CDS contracts they wrote:
Here’s a good tutorial that explains how taxpayers are about to get royally screwed by Geithner’s latest plan:
It’s the banks (Citi, JPM, BofA, Goldman, Wells Fargo) that are going to bring this country down, not the automakers.
And anyone who thinks that Obama’s dealings with the automakers somehow shows he is less ‘socialist’ has no idea what is going on. The automakers are still going to get their money, but the Obama administration is pulling this political stunt to distract everyone from the looting that the banks are doing. For every taxpayer dollar that the automakers get, the banks get 20-30 times that much.
