Sooooo true. I don’t know how we expect anything from the GOP today when they’re either too chickensh*t or invested to speak the truth. I’ve said it before, if you’re not you’re willing to identify the problem then you can’t possibly fix it. If thats politically unappealing and even cost votes, so be it. We do the right thing because it’s the right thing. When did we accept this concept that being a politician is a career and they’re allowed to compromise the nation to keep their jobs?

The truth is that tax cuts are the most direct approach to stimulating an economy. Letting people have more of their money to spend is better than giving billions to banks and hoping they will lend it to us with interest.

(Just a personal note: I can’t stand politicians at all. Whenever I have the opportunity to meat one – I pass. But I had genuine feelings for Ronald Reagan and believe he had the same for us).

Like Billy Mays….Obama is a huckster of the umpteenth degree. He knows a sucker when he sees it, and he also knows how to pull the wool over the eyes of some of the most ignorant people ever to live in this country. Unlike Billy Mays though, I have to pay for “Moonbeam’s” “shipping and handling”for her government giveaways… and I dont even get the first one, or the second one, I get nothing. But yet, I am going to have to pay for it. All of it. Obama’s inauguration will play like a giant infomercial…a straight faced carnival barker fleecing the public out of every last cent he can. And he is going to get away with it too.

Bailout Update: Rumors and Real Costs [Henry Payne] (under Planet Gore blog)

“The real cost of getting the “Detroit Two” through 2009 is somewhere in the ballpark of $60 to $125 billion. “…Henry Paine

note…..”through 2009″ only

1. Reagan would go before the American people & let them know that those in Congress were giving Fannie & Freddie cover & we wouldn’t be in this mess in the first place & don’t deserve their vote.

2. If somehow we still managed our way into recession, he would go to the source of the problem – he would tell the American people that their pensions could be saved if only Congress would eliminate capital gains taxes, which he would explain is like forcing movie goers to pay admission twice – once on the way in & again on the way out.

“IT AIN’T THE SELLIN! IT’S THE BUYIN’! NO BODY’S BUYING ANYTHING! GOT IT?!!! AND THEY AIN’T GONNA BUY ANYTHING BECAUSE OBAMANUT SAYS HE’S GONNA RAISE TAXES***!!!!”

(YES I’M YELLING, SG!)

***According to DNC talking points. Raising taxes during the Obama administration is not really raising taxes. It’s simply putting taxes back where they were before Bush came into office, which is a tactic I suggest we keep in mind when gas goes back up to $4.00. E.G.

“Gas hasn’t gone up. It simply is back to the level that it was when we started talking about alternative energy.”

Brace yourself folks!

Last November’s annualized sales were $188B. If the 40% drop holds for a year, they will have a $75B shortfall over the next 12 months.

What in the current economy would make sales go up? The product cycle is years. Unemployment is headed over 10%. People’s savings have been obliterated. Americans like foreign cars better. Cars last longer now. The infamous Volt has 0 chance to succeed. Even the French have concluded electric cars are not viable.

Without a major restructuring, therefore, the 1-year cost to keep GM alone afloat, without layoffs will be in the neighborhood of 75B. Consider it welfare.

A total bailout, if it were possible, could easily cost taxpayers a lot more than 150 Billion.

The only viable option is a form of bankruptcy where the Big 3 have the oportunity to align their costs with the market. Call it a bailout if you will, but it has to happen.

The government bailout being discussed is Welfare for the UAW. Pure and simple. And the welfare could last for years, and will increase the federal budget by at least 10% for years.

Who thinks the UAW would use that welfare wisely?

Better to get the pain over with now, and limit the taxpayers’ burden.

Cars don’t have cigarette lighters anymore.

In round figures, your trustoworthy federal government has been collecting about 1 Trillion annually recently in Income Tax receipts. Therefore, 700M constitutes about a 70% one-time increase in Income Tax requirements.

So if you have been paying about 20K annually, the 700B tab means that somehow, you are going to be paying an additional 14K at some point, because 20K * 70% 14K.

Now Obamy will be putting the printing press on overtime soon, and will be “delaying” the collection of the necessary funds through all sorts of tricks. But printing money will just increase inflation and the hit to you on average will be about the same if you measure purchasing power instead of tax dollars. And if the collections are “delayed” your children will pay the tab, plus intereste.

And don’t forget, estimates of the total “cost” of the bailouts is now over 4 Trillion, or about 6 times the 700B that is mentioned in this article.

But having your share of the government’s debt increase by about 4 times what you pay in one year’s income tax shouldn’t bother you, now that you have a government you know is looking out for your best interests. Barney Fife, Obamy, Rahm the Impaler, the Hildabeast, Slow Joe, Chris Dudd and Charlie Rangel are there for you full-time, up to 2 hours a day, up to 100 days a year.

Ummm, might wanna redo the math.