Atlantis Alumni

Friday, October 31, 2008

Detroit Bailout: More Socialism For The Corporations

No, we don't want socialism here in the United States, except when we need to bail out the rich executives on Wall Street and corporate America. Now we are told that the next round of taxpayer funded socialism for the corporations will be in the form of a bailout for Detroit automakers, to the tune of some $25 billion so that Chrysler and GM can merge and thereby avoid going belly up.

I have an idea. Exxon-Mobil just declared a $14 billion dollar quarterly profit. Why not have them bail out Detroit? After all, without the gas guzzlers that Detroit has been pumping out steadily where would these obscene profits come from?


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