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Thursday, November 13, 2008
The Government Is Losing Its Mind
Neil Cavuto, Managing Editor and Anchor
FOXBusiness
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Here's the deal:
Help!!!!!
Maybe Wall Street's OK with this, but I’m not.
Stocks way up. I'm way confused. Because Washington is way nuts.
It is now officially out of control.
Detroit's city council passing a resolution today asking for 10 billion bucks from Washington.
Nearby, Detroit’s automakers, seeking at least five times that, and likely getting that, and then some.
Just some of the billions being kicked around in this bailout-palooza we call Washington.
The same Washington that just threw out the rules to that old 700 billion dollar rescue, with a new set of rules and apparently a very different rescue.
Never mind more than half that money is gone.
So, too, apparently, all our senses.
In a mad dash for cash the likes of which we haven't seen since the California Gold Rush -- everyone wants in, and everyone's panning for their bailout, too.
Automakers.
Credit card companies.
Homebuilders.
Textile manufacturers.
Never have so many sought so much from a government so broke.
Yet a government so desperate to prove so helpful.
With money it doesn't have, rules it doesn't know, guidelines it doesn't share, and recipients it doesn't release.
We warned you this was coming.
Now, the clearest signs yet, it is nowhere near ending.






