Gimme a B! Gimme an A! . . .
No, this isn't about Barack Obama. Although, just as much cheerleadering is going on for this word as Obama. Ah yes, we have another bailout coming. This one for a relatively paltry $15 billion shows the course we're following. The three US auto makers will be the takers of this largess, only weeks after getting $25 billion!! But now things are worse, so they get less money? Huh? No matter how hard the LWM cheers, this is a tough sell.
The stupidity in DC continues to snowball. Senator (and we use that term loosely) Chris Dodd is pushing for the removal of the CEO of GM. Talk about calling the kettle black. This guy feeds at the Washington trough for decades, lately getting sweetheart mortgages and now he feels this guy has to go. With billions of federal dollars flying out the door never to return, GM looks downright efficient compared to this bunch. I won't even go into why Chrysler, a now private company gets billions. Their owner Cerebus LLC has billions! What in the name of Pom Poms is going on here? All these guys are giving cheerleading a bad name, especially since they'll be back in the spring for more. Go Team Go!!