$25 Billion Here, $700 Billion There

Pretty soon you’re talking about real money.

My mother used to tell me “you’re worrying about pennies while the dollars fly out the window.”  I’ve been trying to apply that to the current economic concerns of this country, and, well, I can’t do it.  But I reserve the right to come back later and tie it in.

Instead, I’d like to point out that while we were all focused on The Bailout, a 25 billion dollar “aid package” for Detroit automakers passed in the House yesterday.  Information is a bit sketchy at the moment, but i can’t wait to know the details.  What, if any, stipulations were attached?  Sure, neither Party wants to deny Michigan a damn thing right now, since its a huge “battleground state”, but, apologies to my late Mom, I am very worried about those pennies.

25 Billion.  Its being touted as low interest loans to help automakers re-tool to build hybrid cars.  Great.  But I have some questions.  Were labor a part of this negotiation?  Is CEO pay addressed?  How about security in the (likely) event that those loans are not repaid in a timely manner?

I want to get into this today, but if someone out there knows more than i do about this particular bill, I’d love it if you would catch me up.

More later….



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5 responses to “$25 Billion Here, $700 Billion There

  1. I always heard the line as “throwing good money after bad” but I like your mother’s rendition equally.

  2. nm

    Ahhhh, the marigold man. Sometimes I miss him.

  3. I’m totally good with our bribing them with $25 super large ones to do what they should have done on their own years ago. NOT

  4. Congress ATM=All the Taxpayers’ Money.

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