Harry Reid, rub my belly......
Posted on 11/17/2008 8:43:24 AM PST by jessduntno
"For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families but the repercussions across the economy would be dire. So it's my belief that we need to provide assistance to the auto industry. But I think that it can't be a blank check."
He said he favored an assistance package that would require the industry to remake itself so that it's in a "sustainable" position for the future. "So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere," he said." - B. Hussein Obama
A "bridge loan to nowhere?" Glib SOB is still campaigning! Bridge to nowhere? What a fool.
"So it's my belief that we need to provide assistance to the auto industry."
Assistance is already there, my dimwitted friend. It's called Chapter 11. Forget about giving all your UAW buddies their payback. If we don't raise holy hell about this, we might as well turn out the lights and go home. The Republican party won't be over, it'll be dead.
And all the "conservatives" who prattle on about this being a "security issue" can go to a warm place, too. What a lame argument. Let them dissolve their monopolies and fight it out in the trenches like the rest of us.
Let them go bankrupt, reorganize.......including union contracts and see how they do. Probably won’t happen because the Democrats owe the unions.
“So that we are creating a bridge loan to somewhere as opposed to a bridge loan to nowhere,” he said.” - B. Hussein Obama “
Is that like a “Bridge to the 21st Century”. He’s even starting to talk like a Clinton let alone all the retreads in his administration.
And once again the Republicans will roll over and play dead. Yawn.
Speaking of political metaphors this is a good opportunity for the republicans to draw a line in front the bridge to somewhere.
For the last eight years the media has portrayed Bush as a cross between Hitler and Bonzo, although with all his mistakes he has been a better President than any of the Democrats in the past half-century. For the next 8 years the media will try to make Obama into a cross between FDR and Abraham Lincoln, although he’ll probably screw things up more than Carter (but everything will be Bush’s fault).
When was the inauguration?
two points - Big Auto is going to colllapse unless they drastically change ttheir way of doing business regardless of whether they get federal moolah or not.
second - we don’t have the money to loan them - we have to borrow it ourselves, and our children are going to have to pay it back - with interest.
oh! yeah! I almost forgot- if we bail out citibank, GM, Ford, Chrysler, Prudential,Countrywide, etc... where do we draw the line? Where is the cutoff between when someone gets taxpayer bailouts, or goes under? Do we bail out GM but not Sears? do we bail out Burger King but not Harry’s Place? where does this insanity stop???
You watch, with the help of RINO’S, the auto industry will get their bailout. They will hang it on Bush while Obama takes credit for ‘saving’ the industry.
Harry Reid, rub my belly......
this “bridge into the 21st century” is made up of the carcasses of our children, their hopes and dreams priced out of reach by OUR foolhardiness, their statuses little more them mere slaves to the government’s thunderous appetites.
I am so sick of this guy already.
On January 29, 2009 he will enter the gen-pop at Attica. Vladimir Putin, head of the Kremlin Kings will be waiting, licking his chops over the new girl. Within six months they bad guys will be trading him for a pack of straights.
He’ll vote “present.”
Why should the Republicans/Conservatives, who are now basically confined to the South, approve Gov’t money to help states that kicked conservatives out (MI, NY, OH, IL) and especially support Obama’s friends in the Unions?
Aren’t the Republicans constituents really the workers at Toyota, Honda, BMW in the states of AL, TX, GA, SC, etc...?
Why are people around here thinking Obama is already President? For those here that are unaware the President takes over on 20 January 2009. I am sorta surprised that folks around here don’t know this. Some FREEPERS were saying that Obama’s Presidency has lost stock market numbers. I wonder how somebody so smart can be be so stupid. FREEPERS are of greater intelligences but they don’t know that it is still Bush’s stock market? Sad!!!!
He’s even starting to talk like a Clinton let alone all the retreads in his administration.
That is really not a bad thing. They solved our 1991-1993 recession and made our economy thrive. We need to make positives out of this incredible negative. If Obama is going to be President, he might as well use the experts who can solve recessions.
Too late. The GOP got screwed the moment it overwhelmingly approved the bank bailout (which was so incredibly necessary for the very survival of the universe that...our benevolent leaders decided the money can be spent in some other arbitrary way - since they have it now, and there is no rush). Ordering the banks to “stop hoarding” was a nice touch too. The three+ stooges are in charge of America’s monetary and financial regulatory policies.
Now, for the auto bailout, we are going from trillions in waste back down to mere billions. Universal Healthcare is a shoe-in too, for the same reason. We have nitwits complaining about “deflation” (using new oh-so-convenient definitions of the phenomenon), and that is going to help provide cover for “firing up the printing presses”. Deficits in the mere billions are passe - trillion dollar deficits have been normalized.
“Pragmatism” has left us with no leg to stand on.
Does a bear poop in the woods?
Here is my last letter to the editor I sent to about 30 papers and talk shows.
Increasing AIG largesse from $85 billion to $150 billion provides evidence the bailout produces deception without solution. Terms enabling lending or investing, allows management, labor, and government leaders to fabricate temporary shelters from market forces and voters revealing their ineptitude. Elections for 535 patricians returned most to Washington, when nearly all were decayed and wretched. One patrician even became president, though severely infected by gifts and influence from those precipitating the mortgage crisis. Now car companies and states also queue up for bailouts.
Government institutions nationalizing private sector firms feed addictions to power equivalent to individual addictions to chemicals or pornography. Individuals exchange personal freedom for perception of material security, but only postpone the looming reckoning.
Proper government involvement means the Federal Reserve, in concert with Treasury and Justice, applies persuasion to private sector firms. Brutal persuasion, just short of torture as condemned by Geneva Conventions, enables private companies to discover programs for market clearing asset prices. They also form new companies absent flagging management and labor attributes.
Whatever financial cost the country must pay now to adhere to principle pales before the later cost incurred, if markets are forced to merely postpone consequences. True solutions reaffirm the inevitability of market forces countermanding human laws, and incorporating risk within all economic activities.
Our Constitution says this country will promote the general welfare. It did not say the Treasury Secretary would ensure protection of home values, college funds, retirement accounts, life savings, homeownership, corporate wealth, political careers, and union benefits.
The market reacts to the future, and the future does not look good. Obama's capital gains tax increases will only exacerbate the situation, and the market's investors are trying to find out where "stable" is right now. So it is an Obama market as well as a Bush market, even more so when you consider that Obama has been a sitting US senator who theoretically could have been offering solutions the past 4 years.
Does a bear poop in the woods?
Not my Senator John Cornyn (TX-R). He's fighting the GM bailout!
is the 25 billion they want a loan or a bailout with no repayment..??...i seem to remember years ago the gov’t loaned chrysler enough money to fix their problems and iococa paid all the money back to the gov’t....did not the same happend with trump..??...why does everyone want a bailout for their mismanagement of money and greed...??..loan it to them and make them pay it back with interest like anyone else would have to do....
Obama wants to give a sub-prime loan to GM.
Repeat this to everyone you know.
gubmint handouts = UAW sustainability
For gubmint supported salaries of $80 an hour and above, can we at least see the nonworking UAW folks with nonjobs sweeping streets and picking up trash in public parks?
Yet another vanity to nowhere. This place is becoming tiresome.
First big decision? He has none to make yet not having been sworn in as President.
” I wonder how somebody so smart can be be so stupid. FREEPERS are of greater intelligences but they don’t know that it is still Bush’s stock market? Sad!!!!”
Riggggghhhhhhht. The market looks back, not forward. Good grief...
Well *sometimes* bears poop on the grassy knoll right outside of the woods. And sometimes even the blind squirrels find nuts.
I wonder what Preston Tucker would say if he were alive today. (aside from “Let me out of this box, I can’t breathe!”)
Norma Coleman has already got his skirt flying up in his face. He said today he’d probably go along with a bailout if their “business model “ were refined and concessions were made to the union.
Isn’t that what got them in the mess they’re in in the 1st place?!
“this “bridge into the 21st century” is made up of the carcasses of our children, their hopes and dreams priced out of reach by OUR foolhardiness, their statuses little more them mere slaves to the government’s thunderous appetites.”
I wonder how many of the youth who put Obama into office will be feeling about their votes 40 or 50 years from now. I fear that the bridge Obama has in mind is keeping the auto companies afloat until he has enacted a national health plan that effectively transfers a sizable portion of employee and retiree health benefits onto the backs of taxpayers. Unlike most large businesses, which have tended to oppose or be neutral towards national health insurance, the auto companies and UAW have been championing NHI since
the 1960’s. Why do you think they keep sending John Dingell back to Congress?
Are you really so stupid as to believe that the Clintons and their crew actually fixed the recession when the first thing he did was raise taxes through the roof? The republican congress of 1994 fixed the economic situation and kept it under control for the next two terms of the sex offender Clinton. Get real.
“When was the inauguration?”
You mean whe was the coronation?
You are dead on. As a long time consumer of Ford 150 and 250 pickups (owned 3 over the past 5 years), I made the switch to an American made (Mississippi) “rice burner” ie Nissan Titan this past February and after 18,000 miles I am still very happy with my switch.
I have caught some grief from this from my old Ford buddies but the driving experience with the Nissan is very different from Ford. Its been fun showing them the features my Nissan has that Ford has ignored to incorporate into their packages.
Time will tell whether I made the right choice but if this Titan continues to exceed my expectations, I will most definitely stay with Nissan. This bailout BS will definitely stick in my craw and yes, I will shun anything the big 3 produces.
You are dead on. As a long time consumer of Ford 150 and 250 pickups (owned 3 over the past 5 years), I made the switch to an American made (Mississippi) “rice burner” ie Nissan Titan this past February and after 18,000 miles I am still very happy with my switch.
I have caught some grief from this from my old Ford buddies but the driving experience with the Nissan is very different from Ford. Its been fun showing them the features my Nissan has that Ford has ignored to incorporate into their packages.
Time will tell whether I made the right choice but if this Titan continues to exceed my expectations, I will most definitely stay with Nissan. This bailout BS will definitely stick in my craw and yes, I will shun anything the big 3 produces.
all i can say is that we are leaving the world to our children in far worse shape than we got it. the biggest enemy of the american people is the american government and they’re thinking that it is the only thing that can save them.
Its so funny how so few people seem to have picked up on this... wasn’t the 0bamessiah and his radical Left Dem buddies the same ones who said “No Corporate Welfare!”? What the hell is this then?
Riggggghhhhhhht. The market looks back, not forward. Good grief...
You must not understand. Do you know when President elect Obama begins his term? 20 January. Now when they begin looking at the stock market in 2011 they will begin 20 January. So for example, if Obama starts with a stock market of 7500 on 20 January and it raises to 9200 in 2011, he will look like a saint. They don’t go back to 5 November. I wonder where you got your ideas from???
Negative. The economy was back before the take over. History is not one of your strong points huh? lol.
Its funny you say that... as a young person (in my 20’s) I have been so tempted for a while now to write a book about how the death of responsibility at the hands of the most selfish generation (baby boomers) has led to a destruction of the future. How most (obviously not all) of them use “think of the children” as just a BS argument to get more of their own selfish needs fulfilled. It stands in stark contrast to the generation before them who withstood a great depression and fought in WWII and Korea.
oops wrong forum
or not... sorry again... what the heck is with my computer today!
Looks like this is going to congress this week for a vote. Everyone needs to contact their senators and representatives ASAP to tell them to vote “NO” on the Big 3 Bail Out.
Find contact info here:
http://www.senate.gov/general/contact_information/senators_cfm.cfm
https://writerep.house.gov/writerep/welcome.shtml
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