Mayors of Philly, Atlanta and Phoenix want piece of bailout pie

The mayors—Michael Nutter of Philadelphia, Shirley Franklin of Atlanta and Phil Gordon of Phoenix—made their request in a letter to Treasury Secretary Henry Paulson. The three mayors proposed providing loans to help cities pay pension costs. They also want $50 billion in loans for investment in infrastructure, and additional one-year loans to cities unable to borrow cash because of the tight credit markets.

Nutter said cities are facing an economic crisis not seen since the Depression and need help just like financial institutions.

“I want to make sure that cities and metro areas are at the table, that their voices are being heard, that our challenges and problems are well understood, so that we can get relief,” Nutter said.

The federal government opened up a can of worms with this bailout. Everybody and there brother is coming to them for money now. This kind of reminds of the movie “The Jerk” with Steve Martin and when he became very wealthy all these organizations showed up at his house and was asking for money from him. They would give these sad stories and he would just stroke these checks until he went BANKRUPT!