Friday, April 3, 2009

What a Deal

Some guy I don't even know buys a car. He gets laid off and his car breaks. The auto manufacturer pays his car payments. The government pays to fix his car.

Or does it work this way?

The auto manufacturer is broke. The auto manufacturer has no money to pay for anything. The auto manufacturer gets the money to make this guy's car payments from a government bail-out (from the tax payer - that is me). The government guarantees the warranty so is paying to fix this guy's car with tax payer money - that is me. I am buying this guy's car and keeping it running for him.

Why not. I owe him a home, why not a car?

7 comments:

Fonta A. Praiser said...

I like to get what I pay for. It took me 30 seconds to read your bail out post. Let's see... at $300 an hour... you owe me a darn good $2.50 write up. Not bad.

Curio said...

Could I use your car tonight? Does it have gas?

Jack Welch Jr. said...

Those wimp management x#@?'s at General Motors gutted fiduciary diligence and now, they're ready to walk away at 11:59.

Joe P. said...

Government guarantees. How about a government guarantee they'll make the checkbook balance every day like I do?

Feve Storbes II said...

Buy NAPA and Auto Zone stock.

Ronnie Snopes said...

Are these facts? Not criticizing, just wondering. I've gotta check that fact checking web site. Snopes.

Iglesia said...

Don't quit your night job.