The Heritage Foundation - Leadership for America

December 30, 2008 Michelle Malkin » Now the bailout needs a bailout! writes:

[...] $&%^@!!!!!! Posted in: Subprime crisis Send to a Friend Printer Friendly comments (0)   trackbacks (0) [...]

December 30, 2008 The Bailout Needs a Bailout | Right Voices writes:

[...] Bailout Needs a Bailout By: Pam On: Dec/30/08 - To recap, the Bush Administration’s latest $6 billion bailout of GMAC, bringing the first round of the GM [...]

December 30, 2008 Millare, Missouri writes:

Anyone else need “bailout” monies? What a mess!!!!!:(

December 30, 2008 Bailout Nation « Designated Conservative writes:

[...] The AMERICAN auto industry is the place to prime that pump.  If Americans buy American-made automobiles, the multiplying effect of these purchases is enormous.  Sales of big ticket items going up cascades into increases in other areas, improves confidence in the economy, and gets money flowing through the economy faster than any other “stimulus” method.  For most Americans, a car purchase involves financing, and that means entities like Ford Credit and GMAC must have the liquid assets available to lend. [...]

December 30, 2008 HagbardCeline writes:

Priming the pump doesn’t work that way. Americans will not buy American-made automobiles in sufficient numbers. CAFE needs to be repealed because it’s another government thorn in the auto-industry. You can’t stimulate an economy by getting people to take on more debt! People can’t finance their way into prosperity, it just doesn’t work. Someone has to pay sometime. And with the Fed literally PRINTING 2 or 3 trillion in the last few months, inflation is going to smack us upside the head.

December 30, 2008 Barry Lewis writes:

Please, please lets give up the Keynesian Economic crapola of “priming the pump”, along with the rest of the discredited myths of economics. Consumers - not the Government - are where the engines of economic capital lie. Ford Credit and GMAC are not the sole lenders of car loans. There are banks and credit unions galore that are still in business and I am approved for a car loan as I type this.

I for one will be horsewhipped before I purchase any vehicle from General Motors. They took my tax money instead because it was far easier to lobby Congress for cash, rather than make a competitive product and negotiate a sales price that I was willing to pay.

I will only purchase Honda and Toyota - and Ford unless they too take my tax dollars.

December 30, 2008 WarEagle, Washington, DC writes:

Gosh! Who could have predicted that the Bush administration would fail to act in a fiscally responsible way? I DID NOT SEE THIS COMING!

December 30, 2008 Paul, Minnesota writes:

Sounds like the very definition of a ponzi scheme. I better get a bailout package soon, I don’t want to be the one holding the bag at the end.

December 30, 2008 Next In Line In The Bailout Aisle: The Bailout! « Jane Q. Republican writes:

[...] In The Bailout Aisle: The Bailout! Jump to Comments Land speed record for government program financial failure? …the Bush Administration’s latest $6 billion bailout of GMAC, bringing the first round of [...]

December 30, 2008 Charlie, Michigan writes:

Absolutely amazing! Good thing they know better than their constituents (sarcasm intended). It’s the PEOPLE who need help.

“We can’t solve problems by using the same kind of thinking we used when we created them.” - Albert Einstein

December 30, 2008 unseen writes:

And with the Fed literally PRINTING 2 or 3 trillion in the last few months, inflation is going to smack us upside the head.

even with the $3 trillion in “NEW” money it does not begin to replace the $60 trillion wiped away from Credit default swaps (side bets made by banks) do the math take the $7 trillion wiped out in the stock market, the $4 to $5 trillion wiped out from the home vaules and now the $trillions wiped out by Credit default swaps and we have a whole lot of DEFLATION coming before inflation is ever a problem

January 4, 2009 Some More Bailout Notes « 36 Chambers - The Legendary Journeys: Execution to the max! writes:

[...] Hammerin’ Hank Paulson and the geniuses at the Treasury are already over the $350 billion available to them.  In other words, the bailout needs a bailout. [...]

January 5, 2009 Rick Smith-Rhome,TX writes:

Toyota, Honda, BMW, Hyundai, Nissan, etal, who have factories in the US, are already taking tax money and have been for years. They got hugh multi-year tax subsidies to build and operate their factories.

January 7, 2009 No Joy in Mudville, Auto Makers Have Struck Out writes:

[...] for the latest news on the bailout: another bailout maybe in the works for the bailout. What?????? Everyone needs to take their place in line [...]