The Government bails out GMAC--again

Here's another pant-load of good news for you. From Yahoo News:

Govt gives GMAC $3.8B in new aid, boosts stake

WASHINGTON – The government gave GMAC Financial Services another $3.8 billion in cash and took a majority stake in the auto lender, aiming to stabilize the company as it struggles with big losses in its home mortgage unit.

The fresh infusion is on top of $12.5 billion in taxpayer money Detroit-based GMAC has already received from the government. The new aid will boost the federal government's ownership in GMAC to 56 percent, from 35 percent, and means the U.S. now holds a majority stake in three companies that it bailed out with taxpayer funds — GMAC, General Motors and insurer American International Group Inc. The government also has taken control of mortgage giants Fannie Mae and Freddie Mac.

And you Libs still want to let the government run health care?

The lesson we won't learn from the knicker-bomber...

Is pretty much the same lesson we didn't learn from the Fort Hood shooter, or for that matter, the 9-11 conspirators. That lesson is that the enemies of this country are serious about doing us harm. We are not serious about defending ourselves.

The knicker-bomber bought a one-way ticket with cash. Further, his father had warned authorities that his son was a threat. He was even on the watch list. How many friggin red flags do they need? But wait--it's better to let a plane filled with innocent passengers go down in flames than be accused of profiling.

Have you ever noticed that no one ever hijacks an El Al airliner? Do you wonder why that is? Maybe someone ought to check into it....

On a side note, I wonder how that whole, "49 virgins," thing is going to work out now that the boy has blown his nads off?

A Christmas debacle...

It looks like the senate is going to vote on Christmas Eve to raise the debt limit (again) and to pass their incoherent mess of a health-care bill.

I can understand why some might support the health-care legislation if it did everything it is purported by its supporters to do. In fact it does not. For example, it does not reduce the budget deficit. They get to that outrageous claim by including 10 years of taxes and Medicare cuts against only 7 years of benefits. That's because the tax increases and Medicare cuts begin the moment the president signs the legislation. The benefits don't start for 3 years and aren't fully implemented for 5 or 6 years. And even then it still doesn't cover everyone.

But as I've said many times before, it is a moot point. The Chinese aren't going to lend us the money and the tax payers simply don't have it to give. It's time to brace for impact, folks. I don't know about the time line, but the economy is going to run aground.

Turns out Claire is a cheap date...

That would be Claire McCaskill, our Democrat senator from Missouri. Democrat senators from Nebraska, Louisiana, Connecticut, Arkansas and South Dakota all sold their votes for sweetheart deals for their home states. Claire, on the other hand, gave up her vote for nothing more than the opportunity to breathe the rarefied air in the crack of Barack Obama's ass.

C'mon, Claire! We in Missouri deserve our fair share of Government pork!

I'm so disappointed...

The Bernanke question...

I'll concede that I'm just a dumb ol' country boy but something is playing on my mind--

If this guy is so damned smart, why didn't he see the financial meltdown coming? Further, why should we have any confidence that he knows how to fix it?

I'll be waiting patiently for one of you people with a big, giant brain to explain it to me...

What recession?

The unemployment rate nationwide is over 10%, but not everyone is struggling with hard times. In fact, if you are a Federal employee, that hopey-changey thing is working out pretty well. From USA Today:

For feds, more get 6-figure salaries

"The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.

"Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months — and that's before overtime pay and bonuses are counted.

"Federal workers are enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7.3 million jobs in the private sector.

"The growth in six-figure salaries has pushed the average federal worker's pay to $71,206, compared with $40,331 in the private sector."

I don't know about the rest of you people, but I feel like I'm getting pretty good about what I'm getting for my money. After all, who gives you more bang for your buck than a Fed?

That's got to hurt...

For a president whose entire philosophy seems to center around being the opposite of Dubbya, this headline has to be like a stubbed toe in the middle of the night. From Politico:

Bush closes the gap

"Perhaps the greatest measure of Obama's declining support is that just 50% of voters now say they prefer having him as President to George W. Bush, with 44% saying they'd rather have his predecessor."

Ouch!

And if that isn't enough salt in the wound, nemesis Sarah Palin's popularity is gaining as well. In a recent CNN poll her approval rating is now at 46%. That's about the average of what, "The Enlightened One's," approval rate is in Rasmussen, Gallup et al.

That's what happens when you try to ram a radical leftist agenda down the throats of what is still a center-right country. I tried to warn the president but he dissed me...

Do you suppose those are hybrid limos?

I kinda doubt it. Sacrifice is for the proletariat, not the oligarchy. From The Telegraph in UK:

Copenhagen climate summit: 1,200 limos, 140 private planes and caviar wedges

"On a normal day, Majken Friss Jorgensen, managing director of Copenhagen's biggest limousine company, says her firm has twelve vehicles on the road. During the "summit to save the world", which opens here tomorrow, she will have 200.

"We thought they were not going to have many cars, due to it being a climate convention," she says. "But it seems that somebody last week looked at the weather report."

"Ms Jorgensen reckons that between her and her rivals the total number of limos in Copenhagen next week has already broken the 1,200 barrier. The French alone rang up on Thursday and ordered another 42. "We haven't got enough limos in the country to fulfil the demand," she says. "We're having to drive them in hundreds of miles from Germany and Sweden."

This summit isn't about the climate any more than the health care bill is about making people healthier. It's about wealth and power.

Leaders from a hundred or so countries will all be jockeying for ways to put the United States at an economic disadvantage. The sad part is that, "The Enlightened One," will be there trying to give them what they want for his own political advantage.

There ought to be some shame in there some place, but I wouldn't waste any time looking for it...

I aspire to this...

You've got to have a clear conscience to sleep like that.