Tuesday, February 03, 2009

So remind me again -

Why was bailing out bankers to open up credit markets was good (even though it hasn't worked!) and helping out auto workers so they can keep working and support their families bad?

Note: the links to 'good' and 'bad' are from the website of AZ Senator Jon Kyl. He makes it so easy sometimes...

From AP -
WASHINGTON (AP) — Wells Fargo & Co., which received $25 billion in taxpayer bailout money, is planning a series of corporate junkets to Las Vegas casinos this month.

Wells Fargo, once among the nation's top writers of subprime mortgages, has booked 12 nights at the Wynn Las Vegas and its sister hotel, the Encore Las Vegas beginning Friday, said Wynn spokeswoman Michelle Loosbrock.
The economy is so bad that hundreds of people stood in line (some overnight) for a shot at one of 35 openings in the Miami (FL) Fire Department, and these clowns are turning around and taking taxpayer money on a Vegas spree??

What happens is Vegas sure as hell isn't going to stay there...

1 comment:

Thane Eichenauer said...

Bailing out banks is bad and bailing out car companies is bad. The bank bailout is bad for many reasons the least of which is that the company that gets the subsidy can be flogged publicly for any business expense that otherwise would have been unlikely to have ever been mentioned.

I am worried as the Democrat/Obama claimed stimulus bill won't accomplish what is claimed and that it will be 4 or 8 years if ever before anybody asks if it was a good idea and as nobody asks those questions post-spending this government spending stimulus bill will effectively never be examined.