The writing's been on the wall for years: GM would have to declare bankruptcy if it had any hope of restructuring in order to survive in the long-term. And though the Obama administration's effective take-over of General Motors was hardly the first case of the government nationalizing a private company, President George W. Bush didn't want to be the one to do it.
This, according to former vice-president Dick Cheney, who reportedly admitted in a recent interview on Fox News that the Bush administration floated the $17.4 billion auto industry bailout package in order to give the outgoing administration enough time to exit and for the next administration to settle in before the house of cards in Detroit came tumbling down. According to Cheney, President Bush "decided that he did not want to be the one who pulled the plug just before he left office."
17 billion dollars. God damn, these people suck. Cheney's doing the Napoleon "one hand in coat pocket" thing, which is a Masonic hand gesture (the "hidden hand"). Or maybe he's about to pull out a gun or a penguin with a missile strapped to its back to kill the photographer with.
Nice purple tie there, Dick.
4 comments:
That reminds me of the Greg Lake penned lyrics to "Epitaph", his King Crimson days, long B4 the inception of gods of Prog Rock, Emerson, Lake & Palmer. Here they are …
The wall on which the prophets wrote
Is cracking at the seams.
Upon the instruments of death
The sunlight brightly gleams.
When every man is torn apart
With nightmares and with dreams,
Will no one lay the laurel wreath
As silence drowns the screams.
Between the iron gates of fate,
The seeds of time were sown,
And watered by the deeds of those
Who know and who are known;
Knowledge is a deadly friend
When no one sets the rules.
The fate of all mankind I see
Is in the hands of fools.
Confusion will be my epitaph.
As I crawl a cracked and broken path
If we make it we can all sit back
And laugh.
But I fear tomorrow Ill be crying,
Yes I fear tomorrow Ill be crying.
I love King Crimson, especially Lark's Tongues in Aspic. Strangely, I've yet to listen to ITCOTCK but I'll surely check it out now...
I thought Napoleon was scratching his nose?
Who nose?
Turns out Napoleon did the hand concealing with the opposite hand but whatever...
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