All these bailout packages are pathetic. Why should taxpayers bail out these companies, allow the shareholders to keep the gains, and tax the loss to everyone else?
If the government is going to bail out the car/insurance companies and fledgling banks, then nationalize the industries, and make the taxpayer the beneficiary of the profits to be gained later on.
At least the Onion keeps me sane with stories like the following in times like these!
[From $700 Billion Bailout Celebrated With Lavish $800 Billion Executive Party | The Onion – America’s Finest News Source]
Adding to the humour for the day is the top 10 list from David Letterman on the top 10 George Bush moments during his presidency…Man, the locked door video made me piss my pants!
The US car companies have been putting out crappy cars for years, and are now asking for the governments to help them out! This is in Canada and the USA. So, when I saw this tongue in cheek ad, I just had to post it! It is so true…
Image from http://buffalobeast.com/
This is a graphic of the Standard and Poor’s stock index’s annual returns, placing every year since 1825 in a column of returns from -50% to +60%. As you can see, it is a rough bell curve, with 45 of those 185 years falling in the +0-10% column. There are only 5 years each in the 40-50% and 50-60% return columns, and, through 2007, there were only one year each in the -31-40% and -41-50% columns. You can see where 2008 to date falls. – reposted from boingboing.net
Here is a car commercial. Yes, trust me… Don’t kick the tires too hard!
And for you that follow my blog on an hourly basis ;)… AC Milan 1 Liverpool 0 at half time.