Could be. This morning it was announced that the Bush administration will use TARP funds to make loans to the auto dealers.
“The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
Speaking [...]
It’s a no win situation. If the auto companies tank, the effect on the economy would be devastaing. Yet throwing good money after bad management would be equally devastating and quite foolish.
Yet here is a plan we hatched on the MacRanger Show last night.
First, in order to secure any cash from the Government [...]
05 Oct
Posted by MacRanger as Election 2008, News, democrats
Part Two of the Fox News Special on the Democrats inaction in 2003, 2005, 2006 and 2007 which led to the bailout of Fannie and Freddie.
Experts agree that if action had been taken back then we wouldn’t be were we are at today. Voters outraged at picking up the bill for this travesty of [...]
03 Oct
Posted by MacRanger as Election 2008, News, democrats
Shameful display by Barney (Bathhouse) Frank today and Charles (Tax Cheat) Rangel. Just about took all the credit for the bailout, which is amazing because they were part of the crew that caused the problem in the first place.
Most the problem occured from 2006 until the present. Why this is so dreadfully [...]
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