Carter’s admin loaned money and got it back with interest. The Fed will probably just keep handing out money like candy to banks with mortgage loan problems. It might work to some extent, but only for the Rich, not for the home owner who is thrown out.

A more people-oriented policy would be to help families who are actually living in the one house they ‘own’ and to try to help lenders without risking much federal money. Who knows which approach is cheaper, but I think we’d all feel better helping families first.

I wonder what the Clinton admin thought the effects of repealing Glass-Steagal were going to be. They must have had some idea.

Portland Oregon is a city that you can go without a car with their very advanced public transportation. I don’t have that option here in Phoenix, if it isn’t distance, it is the heat that prevents me from walking.

Oh come on. You know it’s just that you don’t want to give up your gas guzzling stretch Hummer limo. LOL

I wonder if a hybrid Hummer limo could even get 5 mpg.

I watched the evening news and they had a story about the Tesla luxury all-electric sports car. It’s probably over $100,000, so there’s no need for GM, Ford or Chrysler to get excited. But, just wait until they sell a bunch and move on to making cheaper cars!

When John Z. DeLorean tried to make inroads on MoTown they shut off his credit and even caught him in a dope deal. I wonder what they might do to set up today’s new car entrepreneurs. Nice folks in MoTown.

Maybe Bush is planning on selling a car that runs on a lump of coal.

I’ll take that little lump of coal over whatever the Rethuglicans leave behind after they break up and end up lower than whale shit.

the fools in the gop however would claim that a president’s economic policy isn’t realized until the next president

this is patently untrue, reagans policy was intended to shrink the middle class, grow the upper class and lower class, that strategy worked in his term

clinton’s strategy was to grow the middle class, grow the upper class, shrink the lower class…this strategy also worked in his term

bush 2’s strategy is the same as reagans and it’s worked once again

If the GDP performed at the average of Democratic Presidents for that entire period that the median income of Americans would now be twice what it is today if every President had been a Democrat during that period.

Your GOP….’good for business…’. Nah, jes another ‘conservative’ lie folks.

D-Day: Hey, quit your blubberin’. When I get through with this baby you won’t even recognize it.
Otter: Flounder, you can’t spend your whole life worrying about your mistakes! You fucked up – you trusted us! Hey, make the best of it! Maybe we can help.
Flounder: [crying] That’s easy for you to say! What am I going to tell Fred?
Otter: I’ll tell you what. We’ll tell Fred you were doing a great job taking care of his car, but you parked it out back last night and in the morning, it was gone. We report it to the police, D-Day takes care of the wreck, the insurance company buys your brother a new car.
Flounder: Will that work?
Otter: Hey, it’s gotta work better than the truth.
Bluto: [thrusting six-pack into Flounder’s hands] My advice to you is to start drinking heavily.
Otter: Better listen to him, Flounder, he’s in pre-med.
D-Day: [firing up blow-torch] There you go now, just leave everything to me.

there is nothing wrong with the government making investments

however those investments must return principle and dividend

I can see the scenario, chrysler out of bussiness produces less government revenue then chrysler in bussiness, but I don’t want “bailouts” I want “loans with interest” and that interest has to be higher then cost of living/inflation

Here’s the kicker and the beginning of dismantling of the power of the middleclasses voice; the Unions: “Compensation package concessions made by the UAW figured prominently as a condition for the bailout. There was an undercurrent of feeling that Chrysler workers were overpaid by national standards and should not be allowed additional cost of living adjustments until their company’s time of crisis was ended.”