Bush bailing out past Bush administration heavyweights or automakers?

[Joe Fields]

I've touted the auto bailout as much or more than anyone here, but something very interesting caught my eye today, and it makes me wonder, did George Bush just bail out the automakers, or was it another sweet deal for his financial buddies?

Read and discuss.

The Cerberus Bailout Connection


* Bush gave General Motors Corp. and Chrysler LLC up to $17.4 billion today.


* Cerberus bought 80.1 percent of Chrysler from Daimler AG for $7.4 billion in 2007. Cerberus said it doesn’t have the funds necessary to bail out Chrysler.


* General Motors sold a 51% stake in its GMAC finance unit to an investor group led by Cerberus Capital Management in November 2006.


* On Oct. 19, 2006, John W. Snow — President Bush's second Secretary of the Treasury — was named chairman of Cerberus.


* Dan Quayle is chairman of global investments for Cerberus Capital Management.


* Why would George W. Bush choose to bail out two companies controlled by Cerberus Capital Management, which is controlled by Bush cronies?


This information has not been fully vetted, as it was on the (don't tar and feather me) Michael Savage website.

[SammyWinstonJack]

1. It's bu$h we're talking about here. When has he ever done anything that didn't help out his

financial buddies at the cost too working class Americans?

[Joe Fields]

2. Absolutely, and isn't it interesting how all of his "buddies" are so intertwined?

[Hydra]

3. It may not be vetted yet

But this follows the pattern to a "T."

Bush gives people money that ends up in the pockets of his cronies, which end up back in his pocket in the form of bribes.

It's basically money laundering on a high level- draining the treasury with only one degree of separation(and sometimes not even that!).

On Edit: Michael Weiner SUCKS! That is all.

[Joe Fields]

4. A very succinct and spot on analysis!

Ever since I first heard of Bush this has been his modus operandi. I want to see more evidence, but it rings so true that I wanted to shine a spotlight on it and shake it around to see if it was true or not.