Our President Bush, the most miserable failure in history of the United States, decides to sign another bill that will allow automakers to borrow $25 Billion, adding to the national deficit of $700 billion.(or is it $800 billion)
Whatever the case is, this is kind of an outrageous stuff because I would have never voted for this bill to pass. I don’t see how pumping more money into the auto industry will help our economy, maybe create more factory jobs.
While the U.S. banking industry is still waiting for Congress to give it a $700 billion hand, President Bush signed into law last night the spending bill that gives U.S. automakers $25 billion in loans to get their collective act together.
But unlike when a bank deems you worthy of their money, the Big Three won’t be getting any cash for some time. Despite the companys’ CEOs saying repeatedly how they were desperate for help and how automotive life as they know it would end if they didn’t get financial help, there’s at least a 60-day delay until they can cash this check.
This is exactly the reason why our economy is failing and getting worse. Can someone please give George Bush a blowjob tomorrow so we can impeach the day after that? Another miserable failure act from the worst President in history who has his name more associated with the sewer plant in San Francisco than any kind of brains.