The $81.78 outrage:
On ABC's World News Tonight
, Charlie "no bias" Gibson introduced a segment on the plight of Detroit this way: (I have the audio and may post it later)
On Capital Hill today the chief executives of the big three automakers made their pitch for a $25 billion taxpayer bailout. That would amount to eighty-one dollars and seventy-eight cents for every man, woman, and child in America.
All that money ... it's outrageous! And Gibson helpfully provides, not a Cato-approved flat-tax formulation, but an even more scary head-tax figure. That's something everyone can understand, even Joe the Plumber.
Kudos to Gibson for not doing that for those other expenses like the two-trillion Iraq War, hundreds of billions bank bailout, $85B AIG rescue, etc. Only bailouts that help millions of workers deserve the "we're pickpocketing your wallet" head-tax number.
Why doesn't the government just give me a million dollars? That would come to 1/3 of a penny per man, woman and child in America.
And I promise not to use the money to build gas-guzzling SUVs that no one wants to buy.
jms: I'm not happy about the prospects of a Detroit bailout, but think that given the present economic situation, $25B (or more) is cheaper than the alternative.