Has distrust of the free market ever led to anything positive?
With the “bail out” of banks, (i.e., give away of tax payer money to entities which didn’t do jack to earn it) other businesses decided that working for a profit is silly when the retards in Congress give money away like it was, um, mortgage money.
The beggars list begins with the twin failures also known as Ford and General Motors. Vroom vroom.
FORD Requests $9B Loan in Plan Submitted to Congress
Meanwhile his might explain some of the problem: Sales hit new lows
Pelosi: Automaker bankruptcy ‘not option’
Auditors Fault Oversight of Bailout Funds
Feds to expand rescue; reviewing applications from ‘hundreds of banks’
But it’s not just corporations to blame:
Governors to Seek Up to $100B in Social Aid
On the other hand, some businesses should have gone broke years ago. Just don’t expect them to notice. While the Titanic sank, the fiddlers played.
Filed under: The Government Engineered Mortgage Crisis , 2 billion, advertising revenue, AP, beggars, corporate whores, Ford, General Motors, shameless, tax payers
