Friday, December 19, 2008

Bush bailout or the final looting of the treasury?

At first glance Bush looks like a hero coming to the Big 3's rescue but the real motivation is in the conditions. He'll take a few billion from the TARP funds to bail out the automakers but only if Congress releases the other $350 billion to Paulson to distribute among his cronies as he sees fit. Anyone want to make a bet they would be a cent left in that fund by January 20th?

Hell, they've been trying to get their grubby mitts on that money for while now. Remembering the serious consults that Cheney had with the GOP before they killed the original bill that was hammered out by the Democrats and the White House, one can't help but wonder if this was the real plan the whole time.

[More posts daily at The Newshoggers and The Detroit News.]

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