Leave it to the Icelanders: A simple plan to get us to agree to the Obama fiscal vision (Or as most realists put it, "Nightmare.")

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I'm a cynic. Of course, anyone reading this blog for more than 30 seconds has already divined that factoid, but I admit it. Cynicism in this day and age of our MSM acting as if they all answer to the President's Press Secretary should, to a greater or lesser degree, become a component in us all.

I do not agree with Mr. Obama's bailout plan. I've been staunchly opposed to the scam known as TARP. The handling of the latter, wherein billions of our dollars were redistributed to banks; many of which have not, well, exactly chosen to use them as they were intended, has negatively impacted the former... and WHAT a surprise THAT has been, eh?

Meanwhile, President Obama is out there like a duck, outwardly placid but shilling his butt off to get congressional support for his latest fiscal fantasy, yet another trillion dollars to bury us with out here in the Hinterland.

Well, thanks to the fine folks in Iceland that have resigned, causing their government to fall (meaning new elections will be held to determine replacements... you've got to love a parliamentary, proportional representative system) I've come up with a way to get us to ALL agree to the Obama Plan.

The beauty of it is simple.

Our democrat-controlled government wants us generally, and Congress specifically, to support this massive, horrific waste of money. OK, fine: here's how it can be done.

1. Obama and the democrat leadership come out and explain, IN DETAIL, what the plan is... AND WHAT IT WILL ACCOMPLISH. By that end, I mean, where we'll be be in 6 months, 12 months, 18 months and so forth. That way, we will ALL get the chance to see if the plan is worthwhile, plus we'll have the advantage of being able to see in the future for purposes of financial stability.

"Where we'll be" to my mind means where interest rates will be, oil, home starts, employment, the stock market, 401k's, all retirement plans and the like, GDP and GDP growth and so forth will be if we do this plan, and what will happen if we don't using the same criteria. Obama's all ABOUT "transparency," right? (well, maybe he isn't, but STILL)

After all, our government HAS to know what the impacts will be... right? Otherwise, they're doing this just to do it, and THAT can't be true... can it?

2. When this passes... and if Obama and the democrat leadership (Obama, Biden, Clinton, Reid, Murtha, Pelosi, Emanuel, et al) are wrong, then they all resign from office.

That is, if they make these promises, and if, at 6 months, 12 months, 18 months and so forth, they have failed to deliver... then they resign. Immediately.

What's not to love? Right now, these clowns have zero buy-in. They want all of US to assume ALL of the risk, while they share all of the glory if it works.

You want me to sign off on this?

Then put your asses on the line for it, just like you're putting OUR asses on the line for it.

Otherwise, they risk NOTHING, and WE risk EVERYTHING. As it is, they're risking our country. The least THEY can do is risk their jobs, like they're risking ours.

Simple enough plan, don't you think? Win - win and all that?
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UPDATE: The President blows it: He's caving to the UAW and subverting both Republicans and the Senate.

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Breaking: Insanity reigns in Capital City as the President caves to the UAW by writing them a check from TARP funds, over Senate objections, to START their bail out.

I really don't get it. It's like our democrat-controlled legislature spending taxpayer dollars to bail out the Building Industry Association.

So, the UAW has been and is doing everything it can to destroy the GOP; they refuse any wage or benefit concessions, and the President is going to bail them out?

He really does have a loose screw.

UPDATE:

Folks, GM sold 9.3 million cars last year, and lost $37 billion.

Toyota sold 9.3 million cars, and showed a profit of $17 billion.

Nothing has changed at GM. Why the hell would we want to bail them out?

White House considers help for car makers
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By KEN THOMAS and JULIE HIRSCHFELD DAVIS, Associated Press Writers Ken Thomas And Julie Hirschfeld Davis, Associated Press Writers – 1 hr 36 mins ago

Play Video FOXBusiness – Sen. Corker TARP Money for Autos
Play Video Video: $14B auto bailout dies in Senate AP
Play Video Video: U.S. Senate blocks auto rescue Reuters

Related Quotes

Symbol...........Price..... Change
GM ..............4.07.......-0.05
^GSPC .......865.55.......-8.04
^IXIC .......1,512.07......+4.19

WASHINGTON – Worried about the weakening economy, the Bush administration said it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by President George W. Bush and congressional Democrats. The most obvious source of help was the Wall Street bailout fund.

"The current weakened state of the economy is such that it could not withstand a body blow like a disorderly bankruptcy in the auto industry," White House press secretary Dana Perino said.

Treasury spokeswoman Brookly McLaughlin said, "Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry."

The Wall Street bailout fund was one of the few remaining options for General Motors Corp. and Chrysler LLC, which have said they could run out of cash within weeks. Bush had originally refused to use the bailout fund to help the automakers, insisting that help come from Congress. But the White House said it must reconsider after the Senate failed to agree on a $14 billion rescue plan.

"Congress spoke last night. They don't have the votes to do anything," Perino told reporters on Air Force One as Bush traveled to a commencement speech in Texas. "They didn't get it over the goal line and so we have to consider what other options we would take." She declined to say when a decision would be made.

About $15 billion from the first half of the $700 billion financial bailout remains uncommitted. Treasury in the past two months has pumped out about $335 billion to banks and insurance companies. To begin tapping the second half of the bailout, the administration would first have to notify Congress, which could block it or put new conditions on how the money is used.

In Detroit, United Auto Workers President Ron Gettelfinger welcomed the Treasury's statement Friday.

"I think it's great news — the response that we've been getting out of both the White House and the Treasury," he said. "I'm not sure what this means, how much they're talking about, any terms or conditions that are associated with it. ... But I do know this, we cannot afford for there to be a run on the banks, if you will, at those companies."

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