Comments on: The Bailout Needs a Bailout http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/ The Foundry promotes conservative policies and principles by offering the best in public policy research with the day’s current events. The Foundry is published by The Heritage Foundation. Mon, 22 Mar 2010 15:15:34 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: No Joy in Mudville, Auto Makers Have Struck Outhttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-12410 No Joy in Mudville, Auto Makers Have Struck Out Wed, 07 Jan 2009 21:39:32 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-12410 [...] 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 [...] [...] 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 [...]

]]> By: Rick Smith-Rhome,TXhttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-12215 Rick Smith-Rhome,TX Mon, 05 Jan 2009 20:41:57 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-12215 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. 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.

]]> By: Some More Bailout Notes « 36 Chambers - The Legendary Journeys: Execution to the max!http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-12156 Some More Bailout Notes « 36 Chambers - The Legendary Journeys: Execution to the max! Sun, 04 Jan 2009 15:58:24 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-12156 [...] 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. [...] [...] 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. [...]

]]> By: unseenhttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11874 unseen Wed, 31 Dec 2008 01:04:45 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11874 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 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

]]> By: Charlie, Michiganhttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11868 Charlie, Michigan Wed, 31 Dec 2008 00:35:56 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11868 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 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

]]> By: Next In Line In The Bailout Aisle: The Bailout! « Jane Q. Republicanhttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11866 Next In Line In The Bailout Aisle: The Bailout! « Jane Q. Republican Wed, 31 Dec 2008 00:26:30 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11866 [...] 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 [...] [...] 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 [...]

]]> By: Paul, Minnesotahttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11865 Paul, Minnesota Wed, 31 Dec 2008 00:12:07 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11865 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. 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.

]]> By: WarEagle, Washington, DChttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11860 WarEagle, Washington, DC Tue, 30 Dec 2008 23:14:52 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11860 Gosh! Who could have predicted that the Bush administration would fail to act in a fiscally responsible way? I DID NOT SEE THIS COMING! Gosh! Who could have predicted that the Bush administration would fail to act in a fiscally responsible way? I DID NOT SEE THIS COMING!

]]> By: Barry Lewishttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11853 Barry Lewis Tue, 30 Dec 2008 21:24:02 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11853 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. 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.

]]> By: HagbardCelinehttp://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11852 HagbardCeline Tue, 30 Dec 2008 21:19:37 +0000 http://blog.heritage.org/2008/12/30/the-bailout-needs-a-bailout/#comment-11852 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. 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.

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