-Fun with Bailouts: How much is a trillion dollars?

Senators are tossing around the word 'trillion' as a part of their everyday language now a days, especially regarding healthcare. That's really not ok.

-Quote of the Day: Joe Buck on Obama at the All-Star game

Joe Buck in the announcer's box at the game: "There won't be any bailout for the National League."

-Something to keep in mind

-The News. Illustrated.

-Now let me tell YOU a thing or two about marketing...

Marketer-in-Chief Barack Obama and his auto-industry task for has deemed Chrysler unworthy of advertising dollars. The executives at Chrysler who admitted have done an awful job in bankrupting the company, are being superseded by an executive who has essentially bankrupted the country. Things are looking up in Chryslerland. Good luck to GM when they want to try to make decisions about their company.

Things like this are what happens when you hand over nearly fifty percent of your company to a growing, irresponsible government headed by an irresponsible and manipulative leader.

Chrysler wanted to spend $134 million in advertising over the nine weeks it's expected to be in bankruptcy -- the U.S. Treasury's auto-industry task force gave it half that.

So if GM, which is wrestling with the possibility of a Chapter 11 filing itself, is wondering how much influence the task force will have over marketing, the answer is: plenty. However, transcripts from the U.S. Bankruptcy Court for Southern District of New York, where the Chrysler case is being heard, proved for the first time that the task force at least understands that advertising is a necessary expense -- even if it doesn't think Chrysler needs $134 million for nine weeks of car ads.

I had no idea that Barack Obama knew so much about marketing! Hm. Must have learned it while community organizing.

Source: Adage

-White House + GM =

-White House Finally Gets Something Right

When questioned about possibly bailing out the ailing newspaper industry, White House spokesman Robert Gibbs expressed the White House's regret about the situation, but let everyone know that there was no bailout planned for the industry.


"I don't know what, in all honesty, government can do about it, that might be a bit of a tricky area to get into given the differing roles."



Too bad they did not have that philosophy earlier. Maybe they are coming to their senses about all this ridiculous spending. Maybe.



Source:Breitbart

-The New York Times is a Joke

A biker is riding by the zoo, when he sees a little girl leaning into the lion's cage. Suddenly, the lion grabs her by the cuff of her jacket and tries to pull her inside to slaughter her, under the eyes of her screaming parents.

The biker jumps off his bike, runs to the cage and hits the lion square on the nose with a powerful punch. Whimpering from the pain, the lion jumps back letting go of the girl, and the biker brings her to her terrified parents, who thank him endlessly.

A New York Times reporter has seen the whole scene, and addressing the biker, says, "Sir, this was the most gallant and brave thing I saw a man do in my whole life."

"Why, it was nothing, really, the lion was behind bars. I just saw this little kid in danger, and acted as I felt right."

"Well, I'll make sure this won't go unnoticed. I'm a journalist from the New York Times, you know, and tomorrow's paper will have this on the first page. What motorcycle do you ride and what political affiliation do you have?"

"A Harley Davidson and I am a Republican."

The journalist leaves.

The following morning the biker buys The New York Times to see if it indeed brings news of his actions, and reads, on first page:

*REPUBLICAN BIKER GANG MEMBER ASSAULTS AFRICAN IMMIGRANT AND STEALS HIS LUNCH*

-Chrysler Filing Chapter 11 Bankruptcy anyway

Chrysler, who has already been given 17.4 billion of your taxpayer dollars ($17,400,000,000), has decided to file chapter 11 anyway. It seems that the government cannot save everyone after all. Maybe if they had just filed bankruptcy in the beginning, cut the fat, and restructured like any other business would have to do, then we would not have had to basically waste all that money on them.

Obama could not save them. Even after "requesting" Chrysler's CEO Rick Wagoner to resign, apparently the government couldn't do quite enough. Maybe the new administration and we the American people should keep this in mind when saying that the government is the only thing that can save the banks, housing market, other car companies, health care, etc. etc.

UPDATE: President Obama said that this would give Chrysler a "new lease on life." Take that as you will.

Sources: CNNmoney, FOXnews

-Citigroup at government's beck and call

Citigroup has asked the Treasury Department if they are allowed to pay bonuses to their staff, bonuses that they call "retention" bonuses. The first issue are the bonuses themselves. Citigroup essentially has to pay these bonuses, or most members of one of their most (and only)profitable units. Theses members have threatened to leave because of pay and other restrictions that have been imposed on them by the U.S. government. The government has this power because Citigroup was bailed out in the first place, so they dug their own grave. But in reality Citigroup is no longer even a private company. The treasury department owns 36 percent of Citigroup's common stock. Common stock gives you a vote.

Who has all this control? Timothy Geithner. Yes, the same guy that didn't understand TurboTax, and failed to pay $35,000 in taxes prior to being appointed to Treasury Secretary. A multinational corporation has to ask him for permission to do business? He couldn't even handle his personal finances! This is a scary time and it is only getting worse. Big government, big problems.

-Bailout!

via southparkstudios.com