By on September 17, 2008

Holy shit! Who elected these people? I mean, OK, ever since the so-called “debate” over the Energy Bill’s $25b low-interest federal loans to Detroit was first mooted, we figured Motown would get its pound of taxpayer flesh. Right from the git-go, we said the American automakers’ [remaining] political muscle and Michigan’s position as a “battleground” state during this presidential election season sealed the deal. And we predicted the only possible barrier to bonanza billions: bailout fatigue. And lo, Uncle Sam’s $85b AIG bailout is upon us. But as long as there are no more shocks, and The Big 2.8 can keep up the big Mo, the money will still flow freely from your pocket. BUT never underestimate Detroit’s ability to snatch defeat from the jaws of victory. For example, Senate Majority Leader Harry Reid seems Hell bent on getting his picture in Bartlett’s Famous Quotations, under “Who needs enemies when you have friends like these?” The Detroit Free Press got the money shot (and buried it at the bottom of the piece). “’It’s extremely important we try to do something,’ [Senator] Reid said, adding that compared with the cost of the Wall Street bailouts, the cost of the $25-billion loan program — estimated at $7.5 billion — is ‘small change.'” The fact that he’s right is more galling than the idea that he isn’t.

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11 Comments on “Bailout Watch 53: Sen. Reid Calls $25b Loans “Small Change”...”


  • avatar
    MikeInCanada

    I used to think that A-hole, unaccountable politicians were the exclusive purveyance of Canada. Now I see that the US has them too.

    Welcome to the club! Comrades.

    Seriously. These people will spend every cent they get their hands on to keep themselves in power. Liberal or Conservative, Republican or Democrat – Irregardless of political affiliations they will sacrifice long term national good for short term political convenience.

    You are truly jammed.

    If you don’t believe in this theory, the consider this: Canada is a top 5 oil exporting nation – yet I pay more for gas then most, if not all Americans.

  • avatar
    ppellico

    He’s just stupid.
    Stupid. Stupid. Stupid.

    Robert, why did you put this up just before I was to try to go to bed?
    You are an insensitive guy.

    I guess all I can do is open another bottle.
    Ya, thats it.

  • avatar
    DearS

    Mike you perhaps pay more because of demand. Also the Canadian dollar was less than the dollar a while ago. So prices have not fallen for you. Perhaps imports are helping Canada sell more oil and keep its economy richer. Just a theory. although…..

    I was just thinking about how money must not be enough of a motivator to politicians, I mean they are already rich. Its a self-esteem issue.

  • avatar
    becurb

    By Robert Farago

    Reid said, adding that compared with the cost of the Wall Street bailouts, the cost of the $25-billion loan program — estimated at $7.5 billion — is ’small change.’”

    Fine. Then Reid can finance the damned bailout with his own money, claim all the credit, and not have this debacle on his conscious.

    Okay, strike that last part…

    Bruce

  • avatar
    carveman

    The Michigan Auto industry and its unions need to be lanced, drained, and disinfected. They are destroying Michigan. Reid and his ilk don’t give a damn about the voters but they are willing to act like it for the right price. It’s even more frightening to think there are partisan foot soldiers who think one party or the other is the answer to our problems. Anyone who votes for any incumbent this year should consider entering the upcoming stupid contest.

  • avatar
    AG

    Never understood the Democrats obsession with making Senators from red states their leaders. We saw how well that worked out for Tom Daschle.

  • avatar
    Aegea

    A billion here, a billion there – pretty soon we’re talking about small change …

  • avatar
    GS650G

    When it’s Other People’s Money it’s small change.

    Bastards.

  • avatar
    luscious

    Senator Reid,

    You’re trash. Your mind is warped. You no longer represent the people.

    Go back to Nevada. May your state Finally get the nuclear dump you so deserve.

  • avatar
    netrun

    Awesome picture.

    I love it when people finally expose themselves for the a-holes they really are. Good luck on your next re-election! I hope this picture is featured in every ad your competitor pays for!

    How fitting that the Freep, the lapdog of the Detroit 3, would be the ones to get the scoop. Odd that they’d publish something so damning. Glad they did, though!

  • avatar
    hltguy

    Perfect photo, shows how this swarmy politician feels about the American taxpayer

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