And the Beat Goes On...

I looked at Yahoo! Finance to check on Fred and Fannie.

There was a headline about the auto industry. Last year an energy bill authorized $25B in loans. I hadn't known that energy independence can be achieved by government subsidies to noncompetitive US automakers...

But that wasn't the headline. The headline was that the industry wants $25B ($50B?) more.

The White House said last week it was talking to members of Congress and the industry about the financing.

Thanks, Dubya! Btw, what's next year's deficit, you fiscally responsible Harvard MBA Republican you? $400B? $500B?
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Twenty years ago we were the last best hope of man. Ten years ago we were the locomotive of the world economy. Ten years from now, will we be a nuclear-armed banana republic?

Assuming we're not one already.