Comments on: Bailouts and corporate immortality

By: Tom Holsinger

Tom Holsinger — Sun, 16 Nov 2008 18:10:32 +0000

The UAW bailout will be the defining moment of Obama’s administration, as the air traffic controller’s strike was for the Reagan administration.

If Obama vetoes this bailout, he will exert fiscal discipline for the rest of his administration and might succeed.

If he allows this bailout, he won’t be able to say no to anyone and his administration will be a one-term failure a la Jimmy Carter’s.

And we’ll know this soon after he takes office.

By: buddy larsen

buddy larsen — Sun, 16 Nov 2008 16:17:02 +0000

but jay, one can have social justice at any level of prosperity or poverty, or war or peace, or liberty or tyranny.

By: Jay

Jay — Sun, 16 Nov 2008 15:26:05 +0000

Lawyers and professors and lazy college students can not run a command economy.

By: slade

slade — Sun, 16 Nov 2008 13:22:36 +0000

But Mr. Obama’s stance raises the question, with the country in a worsening economic situation, where would the Democrat draw the line as president?

As a Democrat, Obama will support the union demographic, which means as President come January 21 2009, he will oppose the Colombia Free Trade Agreement. A classic one-two punch that weakens both the declining US economy and the growing Colombian economy. What I have read so far is that immediate relief for Detroit, before January, being pushed by Obama’s people, is hung up on the Colombia Trade Agreement being pushed by Bush’s people. Actually I think that was this site. Time to shut up some more.

By: buddy larsen

buddy larsen — Sun, 16 Nov 2008 01:03:52 +0000

Then there’s the irony of this democrat-authored financial crisis being the issue that elected…the democrats.

By: steeple

steeple — Sun, 16 Nov 2008 00:44:18 +0000

Sleeper, so well stated and great economy of words. Well done.

By: buddy larsen

buddy larsen — Sun, 16 Nov 2008 00:16:38 +0000

At this point, we may not be able to tolerate high inflation –the high interest rates –esp on the long end –will overwhelm gov’t deficit financing and destroy too much private economic activity –a bout of high inflation along with the new political config of DC will likely begin a new American socialist command economy. Jeez how did things get so grim so quickly –oh yes, forgot, Barney Frank’s Fanny. But somebody should’ve been watching Barney’s Fanny, and sounding louder and more continuous alarums when it started getting so grossly larger than its britches.

By: E. Nigma

E. Nigma — Sat, 15 Nov 2008 23:06:56 +0000

Buy gold.

By: Herb

Herb — Sat, 15 Nov 2008 22:21:53 +0000

Too stupid to live, too big to die, so just shoot them.

According to Heritage, the Social Security system has a 75 year unfunded liability (obligations in excess of source of funds) of over $43 Trillion.(present value) [Thats a number I have great respect for] There’s no money.

GM, Ford and Chrysler are a luxury we cant afford. But the Auto Industry (UAW) is the backbone of the American (Democrat) economy and we must save those jobs (PAC Dues).

That creaking sound you hear is the Bureau of Engraving and Printing oiling up their really high speed presses.

The only way out of this mess is by inflating our way out. How do we hedge ourselves against this obvious coming inflation?

By: Sleeper

Sleeper — Sat, 15 Nov 2008 21:48:44 +0000

I savor the irony of Obama, having promised investment in the most cutting edge technologies, will start by bailing out the most retarded industrial sector of the US, whose products are shunned by Obama hard-core supporters.