Do I need to say anything about this? Stupid, ignorant and wasteful. This rescue proves that GSE's cannot function. Don't ever try them again. Break these companies and sell them and let's return to capitalism. Socialism is designed to destroy markets and money. It performs every time. Don't bail out the big car companies. Let them die. America can continue without the existence of GM. (capitalism works too - I will be able to buy a another car from another new manufacturer. Time for a new one to start.) Let banks and airlines fail. They are not so critical that taxpayers need to come to rescue they are poorly managed and not prepared for changes in the market. It is part of how things work. Everyone will be better when they go out of business, that happens as part of creative destruction.
Isn't the purpose of a loan to make money? Is there any chance of taxpayers making money off all these bailouts? Will I get an employee discount for insurance, airline tickets or car purchase from all these welfare handouts to businesses?
The most poorly managed, out of money, shortsighted, broken backwards corporation in the world is the US government. What happened to all the cries about the dangerously large deficit? What is now $400 billion? There is no money to be giving out to companies. It is fiction.
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