This is going to be a short and to the point, blog. The Democratic House that voted to give the Big Three the billions dollar bail out is the same Democratic House that blustered and blustered about the Iraq War and no blank checks and rubber stamped them anyway for the President these past nearly 2 years. And this is the same Democratic House that designated $700B for the banks to play with, and this Democratic House is sticking to party preferences in that unfortunately Democrats are always quite free and generous with the taxpayer's money. History repeats itself repeatedly with a Democratic House. Now that the Republican Senate has refused this bailout, we can also see that, although this same group of Senators more than graciously gave their banking buddies $700B, and has had no trouble financing wars, is not about to part with the small crumb the Big Three were begging for. But I have to give this Republican Senate group the credit for seeing a good or bad investment. They know, the banks will "bring a return." And they know waging war is power, but the Big Three does not look like a sound investment at this time, and then of course, there is the Republican victory, in that the last powerful union will collapse under the failure of the Big Three. History looks to be repetitive here at the Senate, as well. I don't know why the general public has said they wouldn't buy a vehicle from a bankrupt company, they don't mind flying on reorganizing bankrupt airlines! Now, Big Three, hear this. The President is talking about bailing you out. Let me tell you this, we need to consider history, one more time. Our current President has a history of investing in entities that don't exactly have a bright and profitable future. Consider his oil company in the 80's, consider the national debt in the past 8 years. Our President doesn't exactly have the Midas touch. Might want to consider, Big Three, Congress hasn't veered from history, the Senate isn't veering on their stand, and I'm guessing the Third Strike, even if you get the money, will be from the man that invests in failing companies. It looks like this history lesson is indicating, with or without the money, the Big Three are about to be history.
A good name is rather to be chosen than great riches . . . a Proverb of Holy Scripture
This site considers topics in the news, from an independent, a-political view.
Friday, December 12, 2008
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