Comments on: State Bailout Up To $176 Billion

By: Blind As A Bat :: FITSNews

Blind As A Bat :: FITSNews — Wed, 17 Dec 2008 16:16:25 +0000

[...] we can expect from other states in the days ahead … in addition to billions of dollars in Yo-bama bailout money, of [...]

By: California Is Totally F’d :: FITSNews

California Is Totally F’d :: FITSNews — Fri, 12 Dec 2008 06:37:31 +0000

[...] fact, the latest price tag on the “states’ bailout” is $176 billion [...]

By: Carl

Carl — Wed, 03 Dec 2008 11:29:39 +0000

Pretty novel idea Katherine. I wouldn’t mind the Big 3 bailout if instead of giving the money to the companies the government paid for everyone to get new vehicles, or at least half the price. Hell, taxes would be collected on it, it would keep those employed, turn inventory, and generate cashflow for the auto industry. Putting the money in the hands of these companies will surely just be squandered as before.

By: Katherine Jenerette

Katherine Jenerette — Wed, 03 Dec 2008 04:16:14 +0000

Couldn’t slash Wouldn’t the ‘State Bailout Up To $176 Billion’ be better spent by actually handing it over directly to the people who paid it in the first place through a ‘bail-out-rebate’ check to tax payers?

About 50% would be immediately returned to the General Fund as taxes on the rebate and the rest would be ‘spent’ on ‘under-the-Christmas-tree’ gifts like mortgage pay-offs, credit card debt, and nice stuff.

After all, Free Market Forces work best when you have a consumer-driven economic system that actually works best when the consumer actually spends the money they earn. Sending this money to the ‘Top-Tier’ players just encourages more of the same problems we have now.

Put the big-bucks back to the people who provided it in the first place.

Give it back and they will spend.

thats all for now,

Katherine ‘More-Than-Just-a-Pretty-Conservative-Face’ at Ft. Bragg

By: Sanford

Sanford — Tue, 02 Dec 2008 23:00:09 +0000

The SC Gov came out against the feds infusion of dollars into the state economies.

His reason?

The states got themselves in this mess through mismanagement. Never mind the increasing unemployment rates, the strain on welfare, the shrinking tax bases and foreclosures.

This political posturing doesn’t say much for the gov’s own performance as chief executive of a state.

And when the states line up with their hands out to a willing federal government, I only hope that SC isn’t last in line.

Will the gov’s misplaced “Moral Indignation” kick SC in the butt? Stay tuned.