Where does all the TARP go?

This sentence here at the end of the NYT story about the failure of the auto industry bailout is probably one of the most important of the story. Its the very last sentence. A few paragraphs above this one, the “problem” of “legacy costs” (pensions and such?) incurred by Detroit because of the United Autoworkers Union is lamented.

Washington gave a bailout to the financial institutions, and did not ask a single question, the governor said, “then lay the blame for the auto industry, which is a victim of this financial meltdown, on the backs of the people who are working on the line.

(Check out their wages btw — 55USD an hour for long time union members. Holy shit. 30 hr week? 5 day workweek? i always envisioned an autoworker as a character out of a Bruce Springsteen track … )

and just cuz i am reading the news and its never “good,” might as well plug Justin’s column today on Obama’s foreign policy objectives. I have been talking about the “sellout” in this blog too … but not as much as I have been stumping for Hope. Change. I bought it, i voted for it. I attacked McCain supporters and told them they were foolz … i suppose now, even now, all i can Hope for is “anything but Bush …”

let me know if i am tripping …


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2 thoughts on “Where does all the TARP go?

  1. well, you might be tripping. Could you be you are experiencing whole new awareness, that your views and perceptions are different from what you have previously experienced. That “newness” can very tiring sometimes! But so is an intellectual maelstrom which is what you get when you combine a deep thinker and a global citizen. Hang on for the trip…who knows how you’ll perceive things after another decade…

  2. yeah dude, i almost broke down in tears missing china and my peoples out there. i got tribe all over the world and i miss em all wish i could invent a teleportation device!

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