Comments on: Bush to Bail Out Big 3

By: Brett

Brett — Sat, 20 Dec 2008 08:26:58 +0000

Big 1.8, really. Ford gets nothing, their competitors get subsidized, and they're the one that deserves to live.

Quite the contrary. Ford itself has said that it wanted a bailout for its fellow members of the Big Three even if it didn't need one personally, because they use a lot of the same suppliers and so forth - they said something along the lines of "Ford will probably need a bailout if GM and Chrysler go under."

By: charles johnson

charles johnson — Sat, 20 Dec 2008 00:15:42 +0000

The facts that this is overwhelmingly opposed by the American people, was killed in the legislature, and that the TARP funds were allocated for an entirely different purpose were apparently not major factors in this decision.

The fact that a large number of Americans and the majority of Senate Republicans are ignorant of macroeconomics is a sad fact, but fortunately this ignorance is being circumvented.

By: Reducing Incomes and Redistributing Misery

Reducing Incomes and Redistributing Misery — Fri, 19 Dec 2008 19:58:41 +0000

[...] the post about President Bush’s decision to bailout GM and Chrysler I wrote the following, But if we [...]

By: Steve Verdon

Steve Verdon — Fri, 19 Dec 2008 19:28:46 +0000

It is equally amazing that so many believe with religious fervor that, if only there were no government intervention in the economy, ponies would spontaneously generate.

Yeah, good thing I've never indicated anything like that.

By: Fausta’s Blog » Blog Archive » The “responsible” $17.4 billion we’ll never see again

Fri, 19 Dec 2008 19:20:02 +0000

[...] have already ragged on this, so I’ll leave it to James to summarize my opinion: The facts that this is overwhelmingly opposed by the American people, was [...]

By: Rick Almeida

Rick Almeida — Fri, 19 Dec 2008 17:32:02 +0000

...still they think there is a pony somewhere there in government intervention in the economy.

It is equally amazing that so many believe with religious fervor that, if only there were no government intervention in the economy, ponies would spontaneously generate.

By: Steve Verdon

Steve Verdon — Fri, 19 Dec 2008 17:28:10 +0000

But if we tweak the economy just right, always elect just the right man...why everything will be fine.

Christ, it really amazes me that so many grown adults have seen this kind of stuff time and again, and still they think there is a pony somewhere there in government intervention in the economy.

For some people there is absolutely no amount of empirical evidence that will move them from a viewpoint.

By: Raoul

Raoul — Fri, 19 Dec 2008 17:24:19 +0000

You are coming close to wanker territory. First, the story above: the Lizard ballot had two entries in the senate slot; the Favre had only one, as Nate explained. As to the bailout, a poll skeptic like you should know better-it depends how the question is asked, but even so, my best guess is close to 50/50. A minority killed the package in the legislature meaning that a majority of the legislature was for it. Your frame is done to make points sound grander than they really are. And ALL TARP funds are being spent differently than originally allocated for.

By: Dave Schuler

Dave Schuler — Fri, 19 Dec 2008 16:40:51 +0000

Big 1.8, really. Ford gets nothing, their competitors get subsidized, and they're the one that deserves to live.

Be careful with talk like that Keep it up and you'll be lambasted the way I have for not showing sufficient sympathy to GM and Chrysler's workers.

By: odograph

odograph — Fri, 19 Dec 2008 15:59:55 +0000

Are the polls still 45/55? I oppose, but I was actually thinking that was a close split (considering that it is a national, and not just 'heartland' result).

By: Anderson

Anderson — Fri, 19 Dec 2008 14:51:56 +0000

The facts that this is overwhelmingly opposed by the American people, was killed in the legislature, and that the TARP funds were allocated for an entirely different purpose were apparently not major factors in this decision. Bush is at least consistent. I'm sure that the Executive Bailout (pun intended) is included within the president's commander in chief powers. If the Big Three fail, America will be weaker, and the terorrists will have won! Or maybe Bush is invoking his Article 11 powers under the Constitution.

By: M1EK

M1EK — Fri, 19 Dec 2008 14:39:43 +0000

Big 1.8, really. Ford gets nothing, their competitors get subsidized, and they're the one that deserves to live.