Treasurer Paulson must be a Socialist

"My thinking has evolved a lot to the point where I've seen regulation up close and personal," he said in a series of interviews. It wasn't just the crisis that changed him. It was every bit as much sitting behind the desk where he fashioned new regulation. "I've realized how flawed it is and how imperfect, but how necessary it is,"
Treasury Secretary Henry M. Paulson Jr

Ill take this as an admission to the fact that the free market capitalism, does not work without regulation.
Treasurer Paulson must be a Socialist, he believes in regulation now.

Unions, Corporations, Government, Government, Government

Last time someone said "Uncle Sam may have more say in (Private Buisness) operations."[Buisness Week]
It was in 2001 they said this and in the present that company is still unprofitable spending Tax payer money. American Airlines; the benefit of years of socialized loses. How do they get off charging luggage fees?

GM to close stamping plant near Grand Rapids[AP, CapeCodTimes.com]
Auto Unions don't mean anything if this is really happening. Didn't they just sign a new labor agreement in 2007?

GM Timeline

2005 - GM pays $2 billion to Fiat to cancel "put" option under its deal and buy its way out of the alliance.
2007 - GM signs a landmark four-year agreement with the UAW, which includes shifting of GM's retiree health care liabilities to an independent trust.
June 2008 - GM Chief Executive Rick Wagoner announces GM is reviewing Hummer and considering all options, including selling the brand.
July 2008 - GM announces plans to cut costs by $10 billion and raise $5 billion through borrowing and asset sales.
October 2008 - GM holds talks with Chrysler about a deal to combine the two American automakers, according to sources familiar with the situation. GM declines to comment.

Old Burgers & New Debt

AIG gets more of your tax dollars. [The motley fool]

"AIG will get as much as $37.8 billion from the Treasury, on top of the $85 billion it was granted when it nearly croaked a few weeks ago. That's right, yet another move to keep the insurance behemoth from careening out of control, sending financial markets into more of an abyss than they're already in." (Morgan Housel, The Motley Fool.com)
Where the hell is the vote on this, or is this the 700 billion working through the system lining pockets.

Can You guess which burger is 10 years old and which one is fresh? [Best of Mother Earth]

McDonald's is always producing the cheapest, freshest, tastiest, deadliest meals one can buy for 99 cents plus tax. 1.25 if your at an airport.