Hey, guess what? There's a line forming for bailout cash! Wow! What a surprise! We can thank our political elite for driving this whole scam. But hey, it had to be done or else the global economy and our economy would have crashed to smithereens. Right?
Here's one of my favorite quotes from AP News:
The bailout is now the hottest lobbying game in town.
Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.
The betting is that many with their hands out will be successful, especially with financial markets in a stomach-churning dive and predictions the economy is about to tumble into a deep recession.
These groups argue that the credit squeeze is so severe and the risks to the economy so dire that their industries need financial support as well.
The Treasury is considering requests from a variety of industries, but has not decided whether to expand the program, officials said Saturday.
Lobbying efforts are intensifying.
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