Showing posts with label bailouts. Show all posts
Showing posts with label bailouts. Show all posts

Tuesday, November 17, 2009

Hi Peter, I'm Paul. Give me all your money...



There’s just seemingly no end to the bullshittery coming from Washington. Putting proof to the old maxim of “robbing Peter to pay Paul”, the White House is looking to cut its filthy-huge budget deficit by using some unspent funds from the Troubled Asset Relief Program (TARP), according to the Wall Street Journal.

Members of the administration are still debating the idea, the paper said, adding that the administration would still like to keep some of the unspent money in case of emergencies. I’m sure they would…

A U.S. Treasury source told Reuters that it was shifting the focus of the TARP program toward helping small business and the housing sector rather than large banks. Maybe that’s because they already own the effing banks, and own the lending part of the housing market, and are now trying to steal the rest, along with stealing small businesses too.

"As that focus shifts, we expect to use significantly less TARP funding than authorized," the source said. "We will maintain the flexibility to deal with a future crisis, and uninvested TARP money is dedicated to reducing the debt."
In plain English, without bullshit DC-doublespeak, the Feral Gummint® wants to bail out a deficit brought about by a stimulus bailout package by funneling in money from…you guessed it…say it with me now…another federal stimulus bailout package?

The administration wants to keep some of the unspent funds available for emergencies,like pizza runs in Air Force One, and beer parties for people who act stupidly, but they’re considering setting aside a chunk for debt reduction, according to people familiar with the matter. It is also expected to lower the projected long-term cost of the program -- the amount it expects to lose -- to as little as $200 billion from $341 billion estimated in August. I call bullshit….by taking money from column A and shifting it to column B, that just moves the debt around. It’s still debt and it’s still there. Moving all of your credit card debts into a debt consolidation loan doesn’t erase your debts; it just frees up those now-paid cards to be filled up again.


The U.S. budget deficit soared to a record $1.4 trillion last fiscal year and is expected to be about the same this fiscal year as the economic slump caused tax revenues to plunge and spending soared. But fear not, kids; taxes will soon be through the roof. You name it; Obama will tax it to pay for his insanity.

I bet you didn’t know that as part of the Democrats’ imbecile health plan that they plan to tax “medical instruments”, did you? Yeah, they plan to drop about $40 BILLION in taxes on the manufacturers of medical devices over the next ten years, which means that they in turn will pass the taxes on to consumers with higher prices. That means you and me gotta pay a bunch more for medical devices to finance this FUBAR pipe dream.

And I’m pretty sure that the current outlines of the plan will change as soon as they can ram it up America’s collective ass, since that seems to be the general Modus Operandi on the administration…have the staffers write a bill that the sponsoring Congresscreature won’t even read, shove it through at warp speed so that no one gets to read it or dissect it to see what bullshittery it contains, and pass the bill before anyone can say no, usually while the nation is distracted by something else, and then the truth comes out after it’s too late.

Under the Senate committee bill, "Class I products" -- consumer products such as tongue depressors and cotton swabs -- and more complex "Class II" retail products under $100, such as thermometers, would be exempt from the tax, as well as companies with less than $5 million in annual U.S. sales, according to Senate aides. However, once they aren’t getting enough money out of us and have bled dry all the small businesses, they’ll change the rules to where things like tampons and toothbrushes will be considered medical devices. Soon thereafter, medical devices will require special licensing and user fees and governmental oversight and federal permissions.

Imagine that…a tampon license…In Bizarrobama World, anything’s possible.

Saturday, June 6, 2009

Detroit Goes Bankrupt, with Guest Blogger Jim



Just a quick hitter here.

This past week GM announced their bankruptcy. Two months ago, Super B said he had no interest in running the company. Then he fired GM CEO Rick Wagoner, and replaced him with Fritz Henderson. This is obviously a person easily controlled, because he agreed with Super B during a news conference this week on CAFE standards, and stood placidly by as Super B said that the " federal government would refrain from exercising its rights as a shareholder in all but the most fundamental corporate decisions. When a difficult decision has to be made on matters like where to open a new plant or what type of new car to make, the new GM, not the United States government, will make that decision."


Somebody refresh my memory. Doesn’t fundamental mean basic? So we're not going to be responsible for the major fuck ups, but we will micro-manage the shit out of you. That is what this statement says to me, as I read between the lines.

I found it interesting what Super B said next, as he spoke about soon-to-be-unemployed auto industry workers:
"I know you've already seen more than your fair share of hard times. We saw 400,000 jobs lost in the auto industry in the year before this restructuring even began. I will not pretend the hard times are over. Difficult days lie ahead. More jobs will be lost. More plants will close. More dealerships will shut their doors, and so will many parts suppliers. But I want you to know that what you're doing is making a sacrifice for the next generation -- a sacrifice you may not have chose to make, but a sacrifice you were nevertheless called to make so that your children and all of our children can grow up in an America that still makes things; that still builds cars; that still strives for a better future."

Pay attention now, cuz this is where that “HOPE and CHANGE” shit comes into play. The “CHANGE” is your dumb, union, democrat-voting ass being out of a job. Or, having your retirement drastically cut and losing your health care benefits. The “HOPE” is that in 20 to 40 years, things will turn around and maybe your kid or grandkids will have a job. Oh yeah, he HOPES that you will forgive and forget, and reelect him in 4 years.

Feel good about yourself however, because while you're sacrificing your job, house, car, retirement, and the American Dream, the Queen was treated to dinner and a Broadway show by Super B. They took three (3) small jets to NYC for the "date night", which carried them, some friends and THE MEDIA to cover the event. Cost is estimated at between $24,000 to $100,000, before the tip.

Remember, difficult times lie ahead, and he will not pretend the hard times are over!!!!

Waiter, another drink for the queen please.

Si, podemos!

And remember, drones, the beatings will continue until morale improves....


----------------Additional input from MojoSteve-------------------------------

I’m pretty uncomfortable with the Feral Gummint™ running things. They fed them billions and then forced them into bankruptcy and we’re supposed to trust them to back up a warranty? Fuck, if they back up a warranty with the same efficiency used for everything else, I may as well go burn my Chrysler product and start over with a foreign model. At least Roger Penske is buying Saturn, so my wife’s car may yet be safe.


After rescuing Chrysler back in the day, Lee Iacoca has now lost his pension and company car. Thanks for all the help, Lee, but redistribution means your pension now pays some asshole’s mortgage and some poor inner city homeless family of illegals is now living in your car. Yes, we can! Si, podemos!

Maybe the Gummint can bring us a great car like the Trabant? After all, that was the pinnacle of Socialism’s engineering skills, no? A car that you had to raise the hood to refuel, and then mix in the 2-stroke oil and shake it around. There was a fucking ten-year waiting list to buy those shitboxes. We used to see them dead on the side of the road in Germany like so much roadkill armadillo on a near-daily basis. Best use for a Trabi was in U2’s video for “One” and the pastel-painted ones hanging from the rafters onstage during U2 concerts in ‘93.


The government can’t fuck it up too badly, can it? I mean, AMTRAK is such a success, right? Less of a urine smell than Greyhound, at least. And the Postal Service only manages to put my mail in my neighbor’s box six or seven times a month while raising rates quarterly.


Hope & Change, my ass. It’s like the old Toyota commercial...You asked for it; you got it! Obama!