Bailout

Note to GM: sorry doesn’t cut it.

It’s time for a reality check. Saying sorry, or having multi-millionaires working for a buck, or even giving up your corporate jets just ain’t going to cut it. Nope. For losing over 25% of market share in 40 years- while paying lavish salaries it’s time for new rules and a brand new attitude. In Japan, Read More

“Bailing out GM” isn’t the answer. Transforming the auto industry is.

You know the adage about teaching a man to fish. It’s time to teach GM how to compete. I believe that GM is building the best vehicles it’s built in the last 40 years right now- and that it can be competitive, but here are the things the Government could do to really solve the Read More

Why Johnny Q. Public can’t pay his mortgage but can bail out Wall Street

Our system is broke. It’s now as morally bankrupt as Wall Street. The American dream is now a complete and utter farce and the belief that the people we elect actually “represent” us should be forgotten as fast as they forgot us with this “bailout”. Johnny can’t pay his mortgage for a whole bunch of Read More

How this financial mess started: Phil Gramm, adviser to John McCain

Before the total melt down of our financial markets this week, way back in May of 2008, the Texas Observer recounted the progression of events that led to the “shadow banking system” that is about to screw the taxpayers into $700 Billion of corporate welfare, while we still don’t approve of helping ourselves. Reading the Read More

How your tax dollars are going to help the rich bastards that got us into this mess

The “banking bailout” is turning into just one more example of corporate welfare. In fact, the bill presented to Congress is almost terrifying in its scope and lack of oversight, giving the treasury secretary an open checkbook to buy assets from companies that have no right to still be in business. Read this post in Read More

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