I'll tell you, this is a really good question. The bailout is specifically aimed at GM and Chrysler. I can see GM getting some help, for a number of reasons, not the least of which is the national security of the United States. They make tanks, armored personnel carriers, etc. in times of war (which is where we're headed). But why Chrysler?
Let's look at a few things I realized as I started to think about who might benefit from this. Chrysler is owned by Cerberus Capital, a leveraged buyout firm. Who is Cerberus? Who is involved here? Cerberus is the name of a three-headed dog that guards the gates of Hell, ensuring that nobody who enters can make it to the the shores of the River Styx, and swim back from Hell. Appropriate, for a bunch of corporate raiders. They specialize in buying companies in distress, firing most of the workforce, then selling off anything that is not nailed down. In a year or two, they can show a massive profit and sell the stripped-out shell of a company for even more profit to some other entity. Only after the company has changed hands does it become apparent to the buyer that they've been had. I've personally been through this little exercise several times. You are expected to work a minimum of 12 hours a day, usually 6 days a week, at your regular 40-hour-based salary. You are expected to do the work of 3-4 people in that year or two. Vacation, or time off, is neither available nor tolerated. The principals in the deal get rich off the backs of the few workers left. Really great system, but it is still a big gamble.
So what is the connection between W and Chrysler? Start at the top. The Chairman is none other than John W. Snow, former Treasury Secretary (right before Hank Paulson). Who else is in Cerberus that we might know? Well, Dan Quayle is Chairman of an international division. Who was Dan Quayle? He was George H.W. Bush's VP.
So, is there something to the rumors that W is bailing out Chrysler to save his buddies? I think so. They've plundered nearly $2 Trillion from the US Treasury, and Hank won't let on where it is, who got how much, or anything. This whole sordid situation smells like 3-day old fish left out in the summer.
Keep in mind that Our Lord And Savior, Barack Hussein Obama, has not been crowned yet. We still have another month to go with Dumbya in office, so there is PLENTY of time for him to really ruin America. But we'll all be saved once BHO is Emperor of the United States. After all, he's not corrupt, not with his secrecy and his Chicago political connections. It's all about hope and change, and change and hope. His Holiness Obama is clean as a whistle, pure as the driven snow (or is that John Snow?), the media tells us so. And they wouldn't lie, would they? Would they?
Saturday, December 20, 2008
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