watch it: “Ben Bernanke, Please Send Me Some Green!”

I still don’t understand why it’s okay for corporations to get taxpayer money to give multimillion bonuses to their CEOS but I can’t get the Fed to, I dunno, buy me an iPod. I’m not asking for a parachute of any kind, certainly not a golden one. Just an iPod. Okay, and maybe a nicer set of headphones to go with it. But that’s it.

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Joe 4 Pack
Joe 4 Pack
Fri, Nov 07, 2008 12:28am

Drop it two points, or even lower.

Just don’t say the leveraged party’s over!

Fri, Nov 07, 2008 4:21am

Well, if your failure to get an iPod meant that everyone else’s would vanish into thin air…

…I think you get my point.

Fri, Nov 07, 2008 2:00pm

I cannot believe that the US auto industry is asking for a bailout now (airlines I can sort of understand, but the auto industy?). My family has owned three Fords, a Chevy, and one Toyota. The Camry outlasted all four of the others combined (anecdotal I know, but I don’t want to start quoting studies here…).

GM, Ford, guess what? You deserve to fail if you make shitty cars that get horrible mileage and break down before they hit 150,000 miles. You deserve to fail if you rely on ancient technology without putting any serious investment in electric or hybrid alternatives. Just like investment banking firms deserve to fail for making stupid investments.

I expected Democrats to be behind these bailouts, but how can Republicans sit back and vote for this stuff? Isn’t this just the all-mighty free market in action, weeding out the crappy companies? Do they really think that these actions are preventing another great depression? Really?

Seriously, what’s next, an Exxon Mobil bailout? Sure they had record profits, but oil prices have dropped a lot and people just aren’t buying SUVs like they used to… and those subsidies just might not be big enough to keep the stock rising in the coming months. Better give them some more taxpayer money just to avoid a GLOBAL ECONOMIC MELTDOWN.

Sorry about the rant, but I don’t see the endpoint of these bailouts. I hate rising unemployment too, but you look at the multimillionaires heading these companies and banks and you have to wonder why in the hell am I paying taxes to save these guys and gals again? Just let their companies die, and I’ll gladly watch my taxes pay for unemployment checks and health care for their ex-employees. I’ll even subsidize the creation of new car companies that have a more forward thinking, long-term approach to car design. But GM and Ford? I’ve seen Who Killed the Electric Car, and I honestly don’t care if they go under.