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Friday, January 09, 2009
Matt Towery :: Townhall.com Columnist
America Coddles Its Crooks and Con Artists
by Matt Towery
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Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


But now comes an AP story this week, "Chrysler's fate running on empty: Car analysts expect it to die." The piece quoted Chrysler's chief financial officer saying the company needs " ... $7 billion every 45 days to pay parts suppliers." The article went on to note that "... analysts question whether the company's meager sales are generating enough cash to make those payments."

That's funny, because just days earlier, when Nardelli won his bailout prize from the White House he said, "This initial loan will allow the company to continue orderly restructuring while pursuing our vision to build (vehicles) ... people want to buy." Now that hardly seemed like a warning to the public that funded this "loan" that it was likely just throwing good money after bad toward a hopeless situation.

So we've been conned by the recognized con artists like Madoff; by the financial institutions who haven't done anything to help the rest of the nation with the bailout funds; and now by a carmaker that may have known darn well it couldn't survive, and yet took our money without letting us see what is being done with it.

Do these people not realize that we're talking about real money? Obviously not. Instead, they've collectively been coddled and treated as special breeds, instead of like the financial curs they are.

We've been scammed. Our national treasury has been looted. Our justice system has been exposed as a joke. And the trail of tears -- financial and personal losses -- just gets longer and wetter.

I supported the idea of the first bailout of financial institutions. Not because I trusted them, but because I knew another week's worth of panic would have left them with no stock value, and thus no capital. The result would have been a decimation of our economy.

But everything about the way we have dealt with these "untouchable" people and institutions -- letting Madoff carry on as usual, letting banks hoard the gifted cash and letting Chrysler fudge the facts -- makes me sick. I hope we can get every last one of these rotten scoundrels.

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About The Author
Matt Towery is a former National Republican legislator of the year and author of Powerchicks: How Women Will Dominate America.
 
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Madoff has no reason to worry.

All he needs to do is to stall, delay, stall and delay. This all could take years to work its way through the system.

He problably already has in place an escape where he leaves the country.

Then, just like Marc Rich did with Bill Clinton, he will donate to the Obama Library and get a full pardon.

Liberals support pardons for scam artists.

How can you blame Obama for anything?
He hasn't worked a single day, just massive amounts of promises to give everything away for free. I personnally despise Obama but the real origination of cause is Barney Frank, Chris Dodd, George Bush, the Senate in general, Harry Reid and Nancy Pelosi in particular, et al. They put us here after promising to be the saviours of our country during the last congressional election. Now they are giving the TARP handout to Barney and his crew; YOU HAVE TO BE KIDDING ME!!!
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