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Home » News » Business

Tuesday, October 14, 2008

Budget office doubts bailout profitability

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Bush, Obama tout taxpayer returns

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soxconn

With the same people managing and performing oversight, just exactly where does the risk change? We fire the corporate CEO's and CFO's in private business and yet we are giving the people who had oversight responsibility (Barney Frank and Chris Dodd) and the those with leadership reponsibility over the lowest rated Congress in history (Reid and Pelosi) a $700 billion dollar check for their incompetence. Talk about golden parachutes. The government is no better than private business and has a proven record of ineffectiveness, how do you get a barely reliable risk analysis out that? On top of it, Obama wants to add to it a complex series of election year returns and taxes? This is a political economic shell game. McCain is right, there is no way to evaluate the return on investment or the risk.
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