Friday, December 05, 2008

Bad Economic News Used to Justify Bailout

GM's CEO arrived at the Capitol in a Chevy Volt as a PR move, after driving another car to Washington.  There still hasn't been anything substantive except fear coming from the Big Three yet.  In Great Britain, where they do have electric cars, nobody is buying them.

 

2008 will be the coolest year of the decade.  It makes sense, since global temperatures have been dropping for a decade.

 

Gwinnett County is going to fine residents $500 for not recycling.

 

The University of North Carolina at Chapel Hill (we always called it "Commie Hill" when I lived there) has decided to get rid of Christmas trees at two campus libraries.

 

The Wall Street Journal has a column today advocating an end to drug prohibition.  Amen.

 

Employers cut 533,000 jobs last month.  Folks, I know it's rough, but this is not a time to overreact.  The last time that happened we ended up with an extra 7 years of the Great Depression.  Unfortunately, it doesn't look like President Bush or some of the Congress-critters understand, because they're using this news to justify the auto bailout.

 

There is some good news, though; oil continues its drop.

 

Honda pulled out of Formula One Racing, showing that it's not just the Big Three struggling right now.

 

Fed Chairman Ben Bernanke is floating another idea for the use of the TARP money:  buy out bad mortgages.

 

Congressional Democrats aren't happy with the Messiah's unwillingness to insert himself in the middle of policymaking.

 

Check out what health insurance companies want from Washington.

 

OJ Simpson was sentenced to 15 years in prison for his memorabilia heist in Vegas.

 

The Reverend Jeremiah Wright will be in Macon in less than two weeks.

 

I'm sure by now you've heard that Bill O'Reilly would be ending his radio show.  Don't worry; we are already in talks with syndicators to find other high-quality programming to fill his show.

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