Dont worry – be happy))

He also ain’t been listenin’ to his honey the fired Van Sustren on his favorite TV station Faux News.

Bush and Paulson gave a sweetheart deal to Cerberus run by their Repubilcan cronies who are steaing your tax dollars.

To quote blogger Marcy Wheeler who comes armed with a Ph.D. in Poly Sci from the University of Michigan–it ain’t McRae JawJaw or even Athens, but what the hell:

“He did so in two ways. First, in Christmas week negotiations that no one followed, Bush allowed Cerberus–and not Chrysler–to negotiate the terms of the December loan to Chrysler. And then Bush gave Chrysler just $4 billion–much less than Chrysler said it needed to survive those three months (by comparison, Bush gave GM more than they asked for). And even though Cerberus (and not Chrysler) negotiated that loan, Cerberus was barely on the hook to pay any of that money back. Given that Cerberus was trying to dump Chrysler on the UAW and bondholders at the time, the arrangement seems designed to drive Chrysler into liquidation without Cerberus losing much more on the deal.

And while Bush couldn’t find time to negotiate some kind of way forward for Chrysler (which Bush seemed determined to kill) or GM (which we know he was determined to keep alive for 90 days so Obama would have to deal with it), he did find time to negotiate bank status of GMAC in the last days of December last year. Now, Cerberus had to dole out 36% of its ownership stake to its members. And the deal–along with the financing it freed up for GM–did help the company’s sales at the end of last year. But Cerberus got to start sucking the federal teat just before its buddies in the Republican party turned over control of that teat to Democrats.

So it’s not just that Bush left a crisis for Obama to deal with–that I’m not so bummed about, because Obama’s team has proven way more competent to deal with it than Bush’s was. But Bush picked and chose which crises he’d address, and just happened to choose to solve Dan Quayle’s and John Snow’s crisis rather than Main Street’s.”

Uncle Cheney–Wooten can spell Cheney but not Cerberus and neither can ole AJC–stated yesterday that Bush punted the auto crisis as well as every other Rethug screwup to Obama after they gave Cereberus a sweet deal.

CHENEY: Well, I thought that, eventually, the right outcome was going to be bankruptcy. … And the president decided that he did not want to be the one who pulled the plug just before he left office.

VAN SUSTEREN: Why?

CHENEY: Well, I think he felt, you know, these are big issues and he wouldn’t be there through the process of managing it, but in effect, would have sort of pulled the plug on GM and that was one of the first crises the new administration would have to deal with. So he put together a package that tided GM over until the new administration had a chance to look at it, decide what they wanted to do.

VAN SUSTEREN: But it’s cost us billions to get — I mean, you know —

CHENEY: It has. … And now the government owns a big chunk of General Motors. That bothers me. I don’t like having government own those kinds of major financial enterprises. I think it’s — it does damage to our long-term economic prospects when we get government involved in making those kinds of decisions.

The unions hardly control the auto companies at this point in time. That analysis is worthy of a Mac Rae, Georgia middle school student. and Wooten must be wistfully chanelling his youth.

One phrase that hasn’t entered Jim Wooten’s written vocabulary or those of any conservative columnists or bloggers or for that matter the AJC’s now vastly diluted paper although Wooten knows something about them is Cerberus Capital Management. Cerberus Capital Management, an equity holding firm in NYC, is the Republican controlled owner of 80% of Chrysler. Chrysler represents between 7-8% of Cerebrus’ financial holdings. Dan the Quayle is a Director of one of their international units and one of their spokespeople, with the communicative skills of a block of granite.

Like most conservative Rethug organizations, including the murders at Blackwater, they like naming themselves from monsters of mythology. Cerberus was the 3 headed dog who guarded Hades. After extensive research, it’s my information that most dogs have one head, as do most but not all people.

In 2006 Cereberus’ holdings were a little more than your valet parking at midtown or Buckhead for a night; they were $24 billion. Notable Cereberus principles/partners are John Snow, Bush’s 2nd Treasury Secretary, J. Ezra Merken, a major facilitator of Bernie Madoff’s Ponzi scheme shunting hundreds of millions to ole Bern who is now the target of multiple class action suits in the S.D.N.Y. and should have been indicted long ago with Madoff’s wife, brother, sons, and neice by the aces at DOJ.

Summarizing the wiki on ole Cerebrus–

Merkin’s Gabriel fund invested $79 million in Chrysler, $66 million in GMAC and $67 million in Cerberus partnerships, according to year-end statements.

In 2007, Cerberus and about 100 other investors purchased an 80% stake in Chrysler for $7.4 billion. Cereberus has refused to use a penny of its billions to help Chrysler, because rich Republicans have always had their hand out for bailouts while denouncing them out of one side of their mouths.

Currently Cerberus Capital Management will lose its equity stake and ownership in Chrysler as a condition of the Treasury Department’s bailout deal, but Cerberus will maintain a controlling stake in Chrysler’s financing arm, Chrysler Financial. Cerberus will utilize the first $2 billion in proceeds from its Chrysler Financial holding to backstop a $4 billion December 2008 Treasury Department loan given to Chrysler. In exchange for obtaining that loan, it promised many concessions including surrendering equity, foregoing profits, and giving up board seats. Cerberus acquired 51 percent of GMAC, General Motors’ finance arm, in 2006 for $7.4 billion However, on December 29, 2008, the U.S. Treasury gave GMAC (Cereberus owns 51%) $5 billion from its $700 billion Troubled Asset Relief Program (TARP).

Cereberus, one of the most secretive holding companies in the world, recently spent $7million to hire Quayle, John Breaux former Dem Sen from La., and former Bush legislative liaison David Hobbs to get $7.5 billion handout from your bank account from the auto bailout, and they already have gotten an $8.5 billion loan from Obama-Salazar energy.

Henry Paulson handed over billions to Chrysler–can you spell Bush-Cheney?

There are dozens of eliptical well camouflaged connections between Goldman-Sachs (Paulson’s former company) and Cerebus.

In short, you’re being ripped off by Cerebrus courtesy of the Bush administration as well as Dem lobbyist former La. Sen John Breaux, and several Republican lobbyists including the former VP and former Treas. Secretary.

Wooten doesn’t seem to be able to shed light on this connection, nor does the Julia Wallace deteriorating AJC. Ole Bookman is asleep at the switch as to Cerebrus as well, still smarting from being kicked off the editorial board and having his columns cut to 2 per week by Wallace and Cox.

One magazine reporting on Nardelli’s testimony said that Nardelli’s vaguely stupid answers to committees on the Hill where he appeared was “my three-headed dog ate my homework.”

Nardelli, he of the two multimillion dollar homes on Garmen Road in the head of the Buck, is screwing you out of your tax money and you’ll never see it. It is helping to finance his luxury life. Nice going sucker.

Cerebrus’ company Chrysler Financial refused $750 billion in TARP bailout money when they found out their would be limits on exec compensation. They hardly needed that money.

Yet republicans not only cut taxes on the rich, they’ve put us in debt when the economy was good, they’ve redirected government spending on counter-productive drug war prisons (50% of your local taxes go to jails – 90 Billion nationally to the drug war). Health care and energy costs have eaten up any raise we may have gained, yet the republican answer is more war and debt.

Republicans are simply traitors to this country, to humanity, and to the god they claim to kill in the name of.

I guess republican religious bigots just yearn for the good ole days of economic feudalism and religious inquisitions from thier city on a hill, but I don’t.

Their quality of work is really never publicized. The only union workers I know bankrupted the business that is near us.

Oh well, why pay a man $18 an hr to hang 80 lights when you can pay a union work $25 an hr to hand 40 lights. Can not work to hard because it is a safety hazard–right.