Thursday, November 20, 2008

BAILOUTS, BAILOUTS, BAILOUTS

The news today was dominated by the prospective bailout of the auto industry.  While Paulson and Bernanke didn't seem to set the bar too high to hand out $300 billion to a bunch of bankers (86% of which was spent on bonuses), the car guys need to submit a "plan" for the cash.  I don't think anyone should be getting bailed out but if you're going to give billions to a bunch of white collar pricks who only use their hands to jerk you off; then why are the blue collar guys who actually make something with their hands getting a hard time?  Once again, my buddy Bob sums it up perfectly.  Stay strong.






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