Will today's Christmas 2008 bailout bring on a year-long Year 2009 hangover?

Christmas bailout saves Wall Street from tanking and maybe 3,000,000 jobs in Turkestan, Korea and New Zealand

No, the auto execs did have to (temporarily) cut their salaries, although taking $1 per year (roughly eight cents per month) for the next three months--not including medical bennies, private jets, stock options, 401K, etc. benefits--will be more difficult than under the original Congressionally-dictated TARP regulations. Also, the Bank of Ford, the General Motors Mortgage Bank of America and Chrysler Credit Corporation will have to change their logos slightly. (Remember ... TARP funds were to go to banks and credit companies only!)

To say that the Constitution was "rewritten" today by President Bush and his economic advisory team is a gross understatement. That most Republicans are aghast is to their credit and that most Democrats are giddish is to their shame. Politics makes for strange bedfellows, they allus says.

Watch for the lawsuits to pour in after Christmas.

In the meanwhile, Merry Christmas!