If Congress bails out GM, other industries may start lining up.
We won't know the answer until we see how the (Tampa Bay)Lightning respond to new coach Rick Tocchet - well, "interim" head coach, which seems an awfully appropriate title, considering how short Melrose's reign lasted. That was a $2 million mistake for the new Bolts owners, to be paid out over three years, along with the $1.3 million they're paying former coach John Tortorella not to coach this season.Since only 4 of the 24 players on Tampa's roster hail from the USA, I think the economy can take the hit. Then someone may point out the collateral damage caused by the loss of a NHL franchise. Members of the Florida Congressional delegation are sure to begin lobbying for a bailout plan. Tampa Bay was sold for 200 million less than a year ago. That's chump change compared to all those financial institutions with their hands out. If the Federal govt. can buy Fannie Mae, why not a hockey team?We all need to get a job with these people. Next thing you know, the Bolts will be headed to Congress looking for a bailout.
Personally I'm available to be Tampa's next head coach. Come on Oren Koules, I'd like to make a million dollars a year without having to work too.
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Comments (5)
Its not a bailout, its a lo... (Below threshold)1. Posted by rodney dill | November 18, 2008 3:26 PM | Score: 0 (0 votes cast)
Its not a bailout, its a loan to GM and the Big three. That being said its enough incentive to get others to line up. ...and wasn't the precedent already there from Chrysler in the 80's?
1. Posted by rodney dill | November 18, 2008 3:26 PM |
Score: 0 (0 votes cast)
Posted on November 18, 2008 15:26
2. Posted by Jeff Blogworthy | November 18, 2008 3:26 PM | Score: 4 (4 votes cast)
Union thugs have got to be in there somewhere - and we all know their political affiliation.
2. Posted by Jeff Blogworthy | November 18, 2008 3:26 PM |
Score: 4 (4 votes cast)
Posted on November 18, 2008 15:26
3. Posted by hermie | November 18, 2008 4:25 PM | Score: 2 (2 votes cast)
It's not a loan when the companies are so deep in the hole that they are already going to ask for another $25 billion, and their book value is in the negative.
3. Posted by hermie | November 18, 2008 4:25 PM |
Score: 2 (2 votes cast)
Posted on November 18, 2008 16:25
4. Posted by Rebecca | November 18, 2008 8:57 PM | Score: 2 (2 votes cast)
A loan? I don't think so. Didn't anyone -- a parent, teacher or other illuminati elder ever teach you that when you "lend" money to dysfunctional family or friends, you consider it a gift -- a bailout that never bails out?
4. Posted by Rebecca | November 18, 2008 8:57 PM |
Score: 2 (2 votes cast)
Posted on November 18, 2008 20:57
5. Posted by JLawson | November 18, 2008 8:57 PM | Score: 2 (2 votes cast)
I agree with hermie - they're real deep in the hole and they're asking for more money so they can keep digging.
Sure they'll pay the US back. Sure they will.
Right after they start selling the cars for more than it costs to make 'em...
5. Posted by JLawson | November 18, 2008 8:57 PM |
Score: 2 (2 votes cast)
Posted on November 18, 2008 20:57