Things you might not have noticed

The possibility of a $700 billion bailout for Wall Street is looming large over the national conversation, so I’ll forgive you for not noticing these fun nuggets portending America’s doom:

Congress is working on passing a $25 billion bailout for Detroit automakers

And why $25 billion for companies that have long ago ceased to be worthy of saving?

With Congress preoccupied with the massive, $700 billion bailout plan for the financial industry, General Motors, Ford, and Chrysler have finally secured Part One of their own federal rescue plan. A bill set to be passed by Congress and signed by President Bush as early as this weekend—separate from the controversial Wall Street bailout plan—includes $25 billion in loans for the beleaguered Detroit automakers and several of their suppliers. “It seemed like a lot when we first started pushing this,” says Democratic Sen. Debbie Stabenow of Michigan, one of the bill’s sponsors. “Suddenly, it seems so small.”

And luckily, for them, since there is no distinction between our government and our country’s massive corporations, they’ll get pretty much exactly what they want: our money.

The US Navy is becoming increasingly irrelevant

“The coalition does not have the resources to provide 24-hour protection for the vast number of merchant vessels in the region,” said Combined Maritime Forces commander, U.S. vice admiral Bill Gortney.

“The shipping companies must take measures to defend their vessels and their crews,” he said in a statement, urging merchant ships to employ their own security teams.

I wonder if we could do a better job protecting commerce if we weren’t occupying two distant countries and planning to attack just about everyone else.

And last but not least, Chinese banks have been told to stop lending to US banks

But how will we afford to buy all the crap that China makes now?

4 Comments

  1. Chris

    Should I liveblog the possible debate tonight?

  2. Jordan

    What debate? I thought it was going to be a 90 minute Obama speech. 😉

  3. Also:

    “But how will we afford to buy all the crap that China makes now?”

    I thought that’s what the stimulus package was for? Hundreds of bucks to spend on materialistic crap no one needed.

  4. Chris

    Good point.