The Auto Bailout Will Not Be Repaid
I predicted this almost a year ago to-date, noting that even if they “repay” their loans, those of us who really financed it won’t get our money back. Uncle Sam will, but we won’t see a penny of it; no dividend checks, no profit sharing, nothing.
Well, it’s official. According to the Detroit News, the Obama administration concedes that the auto bailout money will not be repaid. The silver lining, according to the White House, is that “the projected loss came down to $30 billion from $44 billion” an improvement attributed to better-than-forecast auto sales.
My take is that most of the “improvement” in auto sales for FY2009 were simply time shifted from 2010 or 2011 due to the cash for clunkers debacle, which means that it’s not a real improvement, and in years to come we’ll end up paying for these short-term gains.
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Probably pay for those short term gains in more bailout money.
….and in years to come idiots’ll end up paying for these short-term gains.
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What sort of mental conditioning does it take for large groups of people to take on a mindset like that?
To presume such a thing?
This seems like a weirdly written science fiction novel.
A person or small group of persons intimate a concept and in response large groups of people try to mold themselves to that imaginative idea.
These things are not Americans nor are they people.
People do not act this way.
Have you noticed that everything that occurs nowadays regarding politics automatically puts you on the defensive?
Its like being constantly attacked from every direction all of the time.
There’s something inherently wrong in all of this, I can feel it in my bones, and I just wonder how long til nature sets things right.