beach party bailout! bailout news links for those not already depressed
It's the weekend and that means Beach Party Bailout. This is a strange ritual where everyone gets depressed, puts on their suit, and heads to the beach in the middle of winter, and freezes. It's great fun for the whole family and the only costs are time, sanity, and the occasional ridicule from others. It's sorta like being obsessed with following bailout stories, where the only costs are time, sanity, some ridicule and just one more little thing, our nation's future. First, hide the kids, the guns and the liquor, and then it'll be safe to go surfing. Ballyhoo!
Here are the same links as above in the same order as above...
Taxpayers already down $64 billion on their TARP investments...financial week
Chrysler Financial Gets $1.5 billion from TARP
Explainer: What Are Troubled Assets
Treasury Nominee Geithner not a fan of Free Speech
Obama Talks About Entitlement Reform
Jan 17, 2009 at 6:56 PM
Reader Comments (7)
Fed up with blundering bailouts...and who isn't. Come and take a look at cash-stocks.com. News you can use about resource stocks - lots of gold - selling at or below their cash on hand.
The Daily Bail is a great site; but depressing. Cash-stocks.com will cheer you up.
it can be depressing if you let it build up inside...but a plan of attack is the first step to redemption, and we will be presenting our plan shortly...look for more developments in the weeks to come!!!
Great site! Yes, it is depressing. I can't tell you the seething anger I have for these bailouts. The lack of accountability is mind boggling. I feel extremely frustrated and powerless...it's like watching a plane crash. If I get into financial trouble, I file bankruptcy. Instead, my crazy Uncle Sam has this fancy money making machine and he is churning out paper as fast as it can be spent...BAH....
I do have one question for everyone out there. What would happen if all taxpayers reduced their withholdings and then refused to pay the taxes come April next year? If we are tired of them idiots using OUR dollars, don't give it to them! They can't throw all of us in jail!!!! UNITE AMERICANS, RETALIATE AGAINST THE GREED!
the momentum is building...the backlash against these bailouts is beoming palpable...keep posting and keep telling your parents, kids, co-workers about our site...after all it IS THEIR money that is bailing out failure...
strength in numbers...
I just found your site through TechCrunch. Someone mentioned it in the comments section of an iphone story. I like it. I like that you have no advertising. lol
I am a single mother with 2 young sons and I work in the tech industry in california. Our state is facing a large budget shortfall this year and we have been asking Washington to bail us out and I think it's wrong. The politicians in our state would rather look to Washington to cover our budget shortfall than actually look at the reasons for our shortfall. Yes, revenues are down this year becaue of the slowdown, but the true issue is bloated stae budgets, and health care and pension benefits that have been promised to public workers.
In vallejo which filed for bakruptcy in 2008, there were 42 police and firefighters earning in excess of $200k per year. Are you kidding me? For public employees, this is unreal. And these employees will receive 90% of their salary in the form of a pension for every year for the rest of their lives. And we, the taxpayers of california have to pay for their excesssice packages.
And if Washington just bails out all these states that are in trouble, then these states will never be forced to cutback their spending. And these bloated state salaries and pensions well never be corrected.
It makes me very upset when I think about.
Welcome to the great U.S.S.A.. Where bailouts of failure are what we do best. Long gone are the traditions of fair competiiton and level playing fields. Say hello to a future of Trotsky, Paulson, Marx, Geithner, Lenin and Summers. Add some Kashkari and Stalin, mix with a dash of Mao and stir with a Kruschev and you have a brand new country, the good old U.S.S.A.
Comrade_unhappy_Taxpayer