Bailout Matching Funds. Has anybody in the media even mentioned the possibility of bailout matching funds?
Anyone needing a bailout from the government should have been required to submit cost saving measures that would be immediately implemented. The idea that big business put their hands out and asked for money without submitting any type of documentation that they too were getting leaner and meaner is something that the mainstream media, led by MSNBC, missed.
Instead of questioning the rapidness with which the bailout bill was moving forward, MSNBC chose to scapegoat John McCain and his desire to postpone the first debate and get back to Washington to discuss the bailout bill. MSNBC actually broadcast all day long with a position that the 700 billion dollar bailout bill MUST PASS!
Two months later and the big three automobile manufacturers want a 25 billion dollar loan, but can the big three offer some type of payroll and overhead costs reductions? The big three want a 25 billion dollar loan, can they put up 2.5 billion in cost cutting measures as collateral?
The term is Bailout Matching Funds, the matching funds don't have to match one to one, but at least put forth an effort. Once again, MSNBC compromised their role as a news reporting channel and instead steered the original bailout bill discussions into their own agenda of passage of the bailout bill without real discussion, while also attacking John McCain for wanting to focus on such an important measure by postponing the first debate.
And these MSNBC clowns want to run our country for the next four years?