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Under certain of these scenarios, GM will be able to return a high percentage of the total funds advanced by the taxpayers, and Chrysler will return the money invested as part of the restructuring. Other scenarios, which in Treasury’s view are more likely, show much lower recoveries for the initial loans made to GM and Chrysler.
—Treasury Secretary Tim Geithner on the future of the bailout. The search for a one-handed economist continues . . . .
8 Comments on “Quote of the Day: On the One Hand Edition...”
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Use the other hand, you might be able to get us off faster.
Why does he look like my doctor right before he puts on the glove and tells me to assume the position? Yep…I think Geithner understands it all to well! I knew when all this started we would be taking it up the wazoo.
He hasn’t spoken of the bad news yet:
There will be yet another cash infusion before long.
mpresley :
Why does he look like my doctor right before he puts on the glove and tells me to assume the position? Yep…I think Geithner understands it all to well! I knew when all this started we would be taking it up the wazoo.
My thoughts exactly! I wonder…has he said “this won’t hurt a bit” yet?
Under a certain scenario, I might win the lottery.
Sorry….that doesn’t cut it as financial planning.
On the other hand….
When does a banker say publicly so that everyone, including the borrower, can hear, that he doesn’t expect to get his money back. Unless, of course, if it’s NOT A LOAN.
I’m sorry, I tried to give this guy the benefit of the doubt. I knew he was a tax-cheat but I thought that everyone deserves another chance. After watching him deliver various speeches about the state of the economy and the country’s finances I realize that this guy is a sociopathic liar. This sure is “change” but I seriously doubt that there is any real “hope” involved.
@mpresley and ZoomZoom,
To me, he looks like THIS doctor:
http://www.adliterate.com/archives/2007/01/the_curious_cas.html
And, if your doctor looks like that, run!