“It is useless to attempt to reason a man out of a thing he was never reasoned into”

Jonathan Swift
"The Democrats have moved to the right, and the right has moved into a mental hospital." - Bill Maher
"The city is crowded my friends are away and I'm on my own
It's too hot to handle so I gotta get up and go

It's a cruel ... cruel summer"

Wednesday, December 10, 2008


A couple of thoughts without any research. Being economics challenged, could someone tell me why, with the proper vetting and repayment plan, the government won’t give bailout money directly to struggling homeowners so that they could keep their houses, repay the loans and the lending institutions won’t have to deal with a bunch of empty houses to keep up? Could it be that the lenders want to sell the houses twice?

And as far as the carmaker bailout, besides laying off a bunch of workers (union folks) what will the executives do with the labor force while they “restructure”? Will they keep manufacturing vehicles no one wants to buy and add them to their already burgeoning inventory? I think Michael Moore says it best: “This new president and this Congress has to say to the Big Three, ‘I’m sorry, but this car thing isn’t working out’ . . . If we give you $34 billion, we’re going to own your ass.”

And one more – Spacedark, in that first sentence in the second paragraph, does the question mark go inside or outside the quotes?