Are the bailouts that have happened and are now happening payback to the special interest groups, (unions, banks,newspapers,Autoworkers) for their support in the last election cycle?

They are from the Shrub administration - not the incoming administration.

Actually they are orcastrated and given by the failed congress that has been in place for the last two years. The same one that has a 8% approval rating. But that was not the question.

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Originally Posted by 450donn

... the failed congress that has been in place for the last two years.

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You really think it all happened in just 2 years? Really?

Nope, it all started with a failed idea from jimmy carter and perpertrated further by billy (I didn't inhale) clinton. But that is still not the question. Doesn't anybody want to give an honest answer to the question

Bush told his buddies, "steal anything you want, just try not to embarrass me, I can do that plenty good enough on my own."
So they are.

Personally, I think the bail outs are the result of incompetent government, going way back. More than 2 or 8 years. While trying to be politically correct, and bring about "equality" (everyone should be able to own a home, right?), government forced policies that put people into homes that they could not afford. Then, they forced requirements on the auto industry that are not yet technically feasible.

Now both industries are in deep trouble, and it would not likely have happened without the gross incompetence of "Washington".

Now we are expected to believe that the same morons that caused the problem can fix it!

This may not be an accurate answer, but it is my answer, and I'm sticking to it!

Lol

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Are the bailouts that have happened and are now happening payback to the special interest groups, (unions, banks,newspapers,Autoworkers) for their support in the last election cycle?

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No ;I think this is one of the biggest upwards wealth transfers (theft ) in history . Surprisingly many of the Democrats who champion those unions... yada yada are so supportive of these "bailouts "... given their stated position ;as articulated nicely by their standard bearer -elect ,that the way to stimulate the economy is from the bottom-up.
I would also note that it has been Republicans in Congress (those champions of the elites and robber barons ) who have been the only members of the Federal Government to attempt to put brakes and accountability into this madness.

I heard some interesting figures today. Last year, GM and Toyota sold the same number (within 1 million) vehicles. While GM was losing somethling like 29 billion (?) Toyota made about 19 billion profit. (I may not have remembered the numbers correctly) Anyway, why should we prop up such incompetent business?