Tag Archives: TARP

Wandering around in my head on Friday….

Well….there are quite a few things going on in my head today so I thought I’d just free form it and let them come as they will…oh, free speech and the first amendment….read an article in the Detroit papers about the idiot Terry Jones and his plans to protest Islam outside a mosque in Detroit today…if you remember, he’s the one that burned a Koran in Florida that set off the rest of the idiots in Afghanistan and across the middle east and the protests there killed almost 50 people….so it’s not okay to burn a Koran, but it’s okay to kill 50 people protesting it? I just don’t understand that whole mindset….but, back to Detroit…the government there wants Mr. Jones to post a huge bond to cover the costs of security….since when does the first amendment come with a price tag? While I abhor the supposed preacher and his hate speech…we must all defend his right under the first amendment to that speech…and you do not have to pay for the privilege….so, kudos to the ACLU for defending him….

Hmmm….oh, to all of you who bitched and moaned about the bailout loans made to the auto industry in the meltdown….I have a bit of “I told you so” to throw back at you…the CEO of Chrysler today announced that they will be paying back the remaining 7.5 billion they owe 6 years early…yep, that’s right 6 years early and in full….another success story of the targeted government intervention that I advocate and it just adds to the success of the TARP programs that is going to show a 40-50 billion dollar profit for you and me…and these were things that the free market was unwilling or unable to do…take that repubs….

Anything else? Oh, another myth about taxing the rich fell today….that if their state tax rates rise, they will just move out of that state to another one that has lower taxes….doesn’t happen….the outflow and inflow of rich to those states was exactly the same as it was before the tax increases….so, let’s add this one to the myth that cutting taxes on the rich creates jobs and the corresponding one that says cutting taxes on corporations creates jobs…just doesn’t happen…..but the repubs will just keep lying about this until enough of us start paying attention and pushing back…..

That’s about it….for now, wanted to get this one out before lunch so you’d have something to kill time with when you come back from lunch….it is Friday, after all….