s skippy the bush kangaroo: 1 trillion here....25 billion there...and 25 billion down the road

skippy the bush kangaroo

Wednesday, September 24, 2008

1 trillion here....25 billion there...and 25 billion down the road

corporate welfare run amok. and we're paying for it by selling out our country's future.
with congress preoccupied with the massive, $700 billion bailout plan for the financial industry, general motors, ford, and chrysler have finally secured part one of their own federal rescue plan. a bill set to be passed by congress and signed by president bush as early as this weekend—separate from the controversial wall street bailout plan—includes $25 billion in loans for the beleaguered detroit automakers and several of their suppliers. "it seemed like a lot when we first started pushing this," says democratic sen. debbie stabenow of michigan, one of the bill's sponsors. "suddenly, it seems so small."

...there's more aid coming. this year's $25 billion is just a down payment. the automakers now plan to ask the government for another $25 billion in loans next year. it's just spare change, after all. - usnews&world report
so i can't get a renter's credit on my income tax return, but gm (getting billions of my tax money for bailing it out) get a $136 million tax break? give me a freakin' break.
a city council committee gave tentative approval today to general motors corp. for a $136 million tax break so the company can build their chevy volt at the detroit/hamtramck assembly plant. - detroit news
pigs at the trough. i'm sure that the vice presidential debates just might be cancelled so caribou barbie can go to detroit to look like she's knows anything about anything and talk about "hummers."

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posted by SantaBarbarian at 10:28 PM |


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