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Keep up the entertainment

Posted: December 26, 2009 7:18 p.m.
Updated: December 27, 2009 4:55 a.m.
I love these letters from the tea-bagger/dumbing of America crowd in the valley. Screaming about things they know nothing about, buzz words and Palin talking points.

Regarding the know-nothing screams of socialism and government takeover of business, this fact recently came to light.

U.S. taxpayers could ultimately see a profit of $13 billion to $14 billion from Citigroup’s payback of bailout investments, including dividends paid, a U.S. Treasury official said.

That amount includes the gain on the government’s 34 percent stake in Citi common shares, as well as trust preferred securities with a $5.2 billion face value, received in a loss-sharing agreement backing a pool of Citigroup assets.

The official also said the total also includes estimates of nearly $3 billion in dividends paid on the government’s investments in the bank.

Additionally, Ford Motor Co. executive chairman Bill Ford met with President Barack Obama and endorsed the administration’s handling of the struggling auto industry.

Ford credited Obama for stepping in to help General Motors and Chrysler and prevent auto suppliers from collapsing. Ford said the administration acted “swiftly and forcefully and it worked.”

So keep up writing your inane, uninformed drivel; we love the entertainment.


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