Monday, November 17, 2008

BAILOUT: Say what?

Obama administration to control half the bailout!

P. T. Barnum was right, "There were 47 million suckers born in the USA" ... or something like that! And they're all Republicans.

It's bad enough the Dems will bailout the the automakers (a Dem-union voter stronghold), in Michigan (a Dem-state voter stronghold), and their extended support industries (mostly unionized suppliers and service organizations in the Great Lakes region who traditionally vote Democratic) but to let a Dem President/former community organizer/ACORN buddy/leftist/partisan control 350 billion of the taxpayers money is outrageous.

... congressional officials said Treasury Secretary Henry Paulson passed the word over the weekend that he intends to leave $350 billion untouched when the administration leaves office on Jan. 20. That would mean the incoming Obama administration would decide whether and how the funds should be spent. [FOX News]
Tell me something: the bailout money comes from all 57 states, RIGHT? All taxpayers regardless of state, party, amount, ethnicity, religion, and personal sexual orientation, RIGHT? So how come one party and a single industry (one not in the original bailout bill) will have so much coming their way?

I sure hope someone saw this coming and got a watchdog busy monitoring an audit trail?

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