President Obama announced Monday that struggling automotive giants General Motors and Chrysler will be given a "limited" period of time to "restructure in a way that would justify an investment of additional taxpayer dollars."at the same time that I know that the government is spending $970 billion to buy up worthless mortgages in the hope that one day, maybe thirty years from now, they might be worth something (and then we can auction them off for pennies on the dollar!).
The US autoworker is about to take a giant kick in the metaphorical balls. What makes me cry is that, while I just read a whole lot about how bad Joe Finance has it because he might lose his million dollar bonus at AIG, I imagine I am about to read a whole lot about how Joe Autoworker had it coming because he wanted health care after he retired. Fuck. Fuck, fuck, fuck.
I'd also like to note for the record, before we get too far down the fuck road that Obama defended the AIG bonuses because there were in a legal contract, and here he is saying that UAW must again "restructure" its contract in order for the industry to get more bailout money.
Of course, when one looks across the aisle, what do we see? Fuck stick and Lex hero Senator Bob Corker. Here is a guy who looks at a situation where the auto industry is coming to the government begging for money to stay afloat and the government says, sure we'll give you the money, as long as you make some changes to your business (especially if you can figure out a way to fuck your workers, because worker fucking is fun for everyone) and this asshat sees the heavy boot of communism come crashing down on American capital.
Sen. Bob Corker, R-Tennessee and member of the Senate Banking Committee, said this is a "major power grab" by the Obama administration.God bless the people of Tennessee, but do they really look at the situation with the US auto industry, and one imagines the firing of Rick Wagoner, and see a totalitarian government interfering with the fine, fine businessmen at GM? How can they vote for this guy?
"This is a marked departure from the past, truly breathtaking, and should send a chill through all Americans who believe in free enterprise. I worry that in one fell swoop we've lost our moral high ground throughout the global community as it relates to chastising other countries that use strong arm tactics to invade on private property rights," he said in a statement.
Lord the hate feels good, now I know how Vader felt.
But back to the sadness. Is there anyone who reads this blog thinking Obama is doing well? Are we still cutting him slack? Anyone ready to cut the line? I'm getting very, very close and having a harder and harder time believing that it would have been all that much worse under McCain. Especially when I read shit like this.
Goddammit, I so wanted to have something to believe in.