No News: RAWMUSCLGLUTES Taken In By Silly Internet Story, Shrieks Excitedly Like Little Girl, Then Claims Universal Defense of "Irony" | Main | Ohio Inspector General Rules Joe the Plumber Digging "Improper," Serving "No Legitimate Agency Function;" Refers the Case to Prosecutors "For Consideration"
November 20, 2008

Auto Bailout "Compromise" Reached, By Which We Mean Bailout Supporters Win

I didn't understand the dispute over whether the already approved (and already spendthrift) $25 billion in loans to create more energy efficient vehicles should be used for the bailout, versus carving out $25 billion from the TARP bailout. Wasn't it $25 billion either way?

Well, no, Ed Morrissey explains. The bailout promoters wanted both that $25 billion in energy-efficiency-promoting loans and a fresh $25 billion in new loans for a sweet, sweet $50 billion haul.

So, we "won" -- they won't have their fresh $25 billion in loans, but they get the $25 billion already authorized, which will be "restructured," i.e., turned into a general slush fund for any purpose.

Yayyyy....?


digg this
posted by Ace at 02:11 PM

| Access Comments




Recent Comments
Mike Hammer, etc., etc.: " This Fauci guy is gonna get the same thing Michae ..."

Miklos von Lettow-Vorbeck: "Will he do the "honorable thing", first? Using the ..."

vmom - link to Red's fundraiser: "556 there is animal cruelty at home that is just a ..."

illiniwek: "Andrew Branca (expert on legalities of firearms) a ..."

Brother Northernlurker just another guy : "Yeah. Either that or she's not hitting on you. It ..."

confederatefifth: "This Fauci guy is gonna get the same thing Michael ..."

Fox2!: "Still thinking he will not see a court room Poste ..."

CrotchetyOldJarhead: "This Fauci guy is gonna get the same thing Michael ..."

LASue: "There's a young woman, who happens to be pretty, h ..."

S'oothsay'er : " Here's how many people got the Hong Kong Flu (19 ..."

Doof: "Write to me and escape! Posted by: Rupert "Doof" ..."

confederatefifth: "there is animal cruelty at home that is just as ba ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64