Susuto

it is utter nonsense to think that this will not be approved. con-gress knows how angry the public is over the last rounds of bailouts, particularly over the blatant misuse of funds. they know that the already enraged public is paying far more attention than usual (which is not really saying very much) and they are not as stupid as so many think them to be. they are acting tough now (”hey america, we’re looking out for ya! see how honest we are about spending your money? trust us, we won’t screw up again!”) then, after thanksgiving when the gluttonous majority are in their tryptophane induced semi-coma’s and are snoring in front of their telelies, con-gress will be quickly get back to work raking us all over the coals again. they claim that they didn’t pass it because the big three did not show them a detailed plan, but neither reid or pelosi offered any thoughts on what that plan should entail. they will be offered some vague plan on december second as ordered, con-gress will go back and forth a bit, a few will stay the way and vote nay, but it shall likely pass. it does not matter what the people want, or even what con-gress wants. the lobbyists have this and they want the money.

i wonder if anyone reading this took note of the gem about gmac (i read it before on bloomberg). gmac applied to become a bank holding company that would make it eligible for funds from the $700 billion bailout and give it access to emergency loans from the UnFederal reserve’s discount window. it is supposed to help people buy more cars (because we really need them and one of the biggest problems with our economy has nothing to do with the fact that it is entirely consumer-driven /s) and the article went on to bemoan the fact that the big three had already been working on various design for smaller and more fuel-efficient designs, including hybrids. the bailout will pass and we shall be footing the bill.