Washington Journal this morning - your reaction to the bail out

[malaise]

bait and switch!!!

[Are_grits_groceries]

1. What the hell are they doing with the $700b????

Bailout Lacks Oversight Despite Billions Pledged
Watchdog Panel Is Empty; Report Is Unfinished
<snip>
Yet for all this activity, no formal action has been taken to fill the independent oversight posts established by Congress when it approved the bailout to prevent corruption and government waste. Nor has the first monitoring report required by lawmakers been completed, though the initial deadline has passed.
<snip>
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/12/AR2008111202846.html?hpid=topnews

[malaise]

2. Rethug caller

Fugg the unions. Of course he got all the union benefits.

[Are_grits_groceries]

3. I don't think letting the automakers tank is a good idea.

I'm not keen on bailouts, but I think this would start a financial landslide.I know people said that about the financial institutions. However, these companies
represent tangible products in the minds of consumers. They are also "institutions" and huge employers. This would create a panic in a way that the other could not.

[Triana]

4. I agree re: automakers. Give the money to them. f*ck the damn wall street banks. n/t

[malaise]

5. OMFG David Frum AEI again

CSpan should call themselves the REthug 'think' tank although using think tank after Rethug is an oxymoron.

The discussion is the future of the Rethug party. I'd like to drown them in Grover's bathtub.
Oops CSpan will be carrying Palin's speech later.

Doesn't look like Palin is not popular with AEI

add

[Are_grits_groceries]

6. I CANNOT listen to that woman and It's not all because she's a RW idiot.

Her sentences or lack thereof give me a headache. I can't follow what she is saying for the life of me.
It has to be shorthand code for all th other loons.

[bdamomma]

17. she is speaking in tongue with her cult members

[KharmaTrain]

10. To Hell WIth Bailout...Nationalize Them

If their on-going existance is so vital to this nation's welfare, then it should be in control of the people, not a bunch of out of tune bean counters who dug themselves into their current mess. So the answer to fixing the economy is giving money to those who created the mess and hope they don't blow it again?

Yes, these corporations are huge employers but if they bleed money and continue to both outsource and lay off people, what benefit is that? Those who are the suppliers and rely on the industry will be forced to be resourceful...come up with solutions that took the auto industry down and let a real marketplace of both ideas and competition flourish.

[Triana]

13. one stipulation of giving automakers fed money should be: NO outsourcing of jobs. n/t

[KharmaTrain]

15. Too Late...

The other night I heard someone refer to the automakers now as nothing but places that put the parts together and nothing more...they've outsourced everything else, and most of it from companies off-shore. The jobs are gone...most the remaining domestic jobs are maintenance...mechanics, dealers, auto parts. Those jobs won't change if it's an American car or a foreign one...or a combustion engine or a fuel cell...a massive bailout just perpetuates a system that is in dire need of change and can use this cash just to put off the inevitable. They had 30 years to develop new generation transportation...they went for the profits instead...now they've lost, capitalism says they don't deserve to survive.

If there's gonna be money thrown, I'd like a nice chunk given to American companies working on alternative energy systems...liquid hydrogen, natural gas and fuel cells...start that Manhattan project for energy independence...and watch the auto industry rebound...and I don't care if it's Ford on that car of some other name.

Cheers...

[pampango]

19. If "they've oursourced everything" except for "put(ting) the parts together",

at least the predicted multiplier effect of the fallout from their collapse will affect other countries more than our own. Others have predicted that the collapse of the auto industry would create a ripple effect as domestic parts suppliers went out of business and laid off multiple workers for every auto worker who lost their job, as well.

I agree that the auto industry will rebound. We have the market, the skilled workers, the capital and the resources to support a thriving auto industry. The real question is whether we get from here to there with the names Ford, GM, etc or with "some other names".

[KharmaTrain]

20. What's In A Name?

My late father was a loyal Ford owner...the big reason was he had many patients who worked at the Chicago works. I inherited some of those cars and learned the hard way why they were called "Fix Or Repair Daily". Today I own three cars...all with different foreign nameplates on them due to both the quality and efficiency of those vehicles. I've all been driven away from the domestic automakers as it didn't offer either the product or the economy I needed. It's regretable, but I've never wrapped a corporation up in a flag...they only see green, not red, white and blue.

We're already seeing the foreign markets collapsing as our economic is in gridlock. Yesterday, the news from Best Buys all but tanked the big TV and other electronic manufacturers. However, there's no guarantee that our consumers will remain the driving force...if anything this collapse may move that power to Europe or Asia...creating their own consumer markets outside our influence.

Many famous and large corporations failed during the depression...their names just weren't good enough, and I see that happening again. We've done the top down long enough...it's not just failed, it's collapsed...here's to opening up new opportunities that will benefit us all.

Cheers...

[SammyWinstonJack]

11. I don't think it's a good idea either but people are going to be pissed about it,

thanks to the wall street heist. Heckuvajob george, you thieving little pissant!

[annabanana]

7. Can we please put AEI & the Heritage Foundation on lockdown

for a week or two? The Wrong is strong with them...

[KharmaTrain]

8. David The Frump...

Ugh...more spin from the parallel universe. Why does anyone take this schlump seriously? Hell, isn't he still a Canadian citizen?

So people were surprised a toadie of Wall Street given 750 dollars of free money would shoot straight? Well knock me over with a feather.

I'm trying to figure out how we all can get in on this bailout scheme. Lessee...how about cause DU keeps those evil libruls from going out and having abortions and forcing people into gay marriage. Yep, we should all get billions!! :rofl:

:hi:

[malaise]

9. LOL

Yep he's a Frump alright :rofl:

:hi:

[KharmaTrain]

12. Damn He's Hyper...

Just trashed McCain, saying he was really milking off his father's record? :wtf:

This Axis of Moron is gonna isolate all the GOOP's problems on McCain...that sure doesn't explain the 20 plus House seats they lost or the 7 or 8 or maybe 9 Senate seats.

The fun here is to watch him denounce the Palinization of his corrupt party...the circular firing squad just reloaded. :rofl:

[malaise]

14. He's really pissed

and I'm lovin' it. Let them eat themselves. :rofl:

[MiniMe]

16. Did you hear the wacko who asked if our financial troubles now are a result of 9-11?

My answer: In an indirect way, the amount of money we are spending in Iraq which was totally unnecessary and had nothing at all to do with 9-11 plays a huge part.

[malaise]

18. They're discussing Executive Power after the Bush presidency

Funny how they didn't discuss this during this rogue regime.