Bush worried 35 billion can't be paid back... why now

[Johonny]

"I am concerned about the viability of the automobile companies," he told reporters on the South Lawn. "I am concerned about those who work for the automobile companies and their families. And likewise, I am concerned about taxpayer money being provided to these companies that may not survive."
With only 46 days left in office before President-elect Barack Obama takes over, Bush declared: "It's important to make sure that taxpayers' money be paid back if any is given to the companies."


So which war profiting company will pay the US back first? Hey Bush I'm concerned the 2 trillion spent on creating your democratic beacon of the middle east won't ever be able to pay taxpayers' back. We've spent 8 years spending money on industries and wars that have no hope for growing the American infrastructure nor the American economy, but this 35 billion that might... well that's 35 billion too much. What a joke this idiot is.

[Pharaoh]

1. WTF

Amazing amount of sheer dumbness in that man!

[Romulox]

2. This is precisely the same argument being made by dozens of DUers

When the Citi/AIG/GE bailout is mentioned, they just trail off, or say "two wrongs don't make a right"...

[bluestateguy]

3. If GM can just find a way to stay afloat until January 20

Then Obama can just reach into the TARP money and save them (and the other Big 2) without the piddling from Congress.

[marketcrazy1]

5. we have ALREADY

given HUNDREDS OF BILLIONS to banks witch will NEVER be paid back and before we are done we will give hundreds of billions MORE!! we guarantied citi banks crap! and are on the hook for over 250 BILLION in losses ( and they WILL be realized ) and thats just ONE bank!!

[enid602]

4. Bush

Well, Bush has had a lost of experience with unviable companies; he ran quite of few of them.

[BrklynLiberal]

6. But he was able to figure out that all those financial institutions would be able to pay back the

money. What a total lamebrained nitwit.

[Tierra_y_Libertad]

7. How are they going to pay us back? Who's going to buy the cars?

Or, do we keep bailing them out until we're broke?

[Johonny]

9. maybe noone

All I know is I'd rather invest on American infrastructure 99/100 than invest in invasion and occupation. Investing in American infrastructure has in general paid off in the long run.

[FarCenter]

8. $2,000,000,000,000 / $50 per Barrel = 40,000,000,000 Barrels

I'm not sure whether the Iraqis have that much?

At 20,000,000 barrels per day that's a 2000 day supply for the US.

[tjwash]

10. I wish he would just take the last month of his vacation now...

nt