TORCHES AND PITCHFORKS time!
Posted on 12/12/2008 8:34:55 AM PST by GreaterSwiss
WASHINGTON (AP) -- The Treasury Department said Friday it's prepared to act to avoid any possible collapse of nation's three largest auto companies given that rescue efforts in Congress have failed.
"Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry," said Treasury spokeswoman Brookly McLaughlin.
(Excerpt) Read more at finance.yahoo.com ...
Congress gave them that power unfortunately,when they voted for the original bailout.
Melt down the White House phone lines...then the senate.
Tyranny. Against the Republic.
Impeach the Executive if they allow this. There is no power for this.
I think that’s it’s pretty clear that if Dubya hasn’t become the worst president in history, he’s certainly one hell of a competitor.
this is absolutely disheartening...i hate my government.
TORCHES AND PITCHFORKS time!
From the article:
“”Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said Treasury spokeswoman Brookly McLaughlin.”
Congress did act.
Congress said no.
“So un-elected people have more power than Congress. GREAT! “
This isn’t the first time, and likely won’t be the last.
but at least Bush is pro life, right?? When will we learn its much more important to get a fiscal conservative in the White House??
Contact Brookly McLaughlin (202) 622-2920
Did GM’s recent attempt to qualify itself as a bank (so it could get TARP funds) fail? Is there no limit to who they can give the money to?
I’m trying to recall the day when freedom and self-government died in America, but it’s eluding me at the moment.
Where is my bailout?
Where is my brother’s?
Where is Starbucks’?
Where for the independent mortgage brokers?
This is worse than idiotic:
This is the government favoring certain industries, favoring certain elites, private profit & public expense —
This is Fascism, national socialism at its near worst.
The worst comes when it finds it needs a scapegoat.
“I’m trying to recall the day when freedom and self-government died in America, but it’s eluding me at the moment.”
I’d say with the federal income tax, the Federal Reserve Act, and then with FDR.
I believe Washington has been that way for some time now.
Yeah, but before Congress said 'no', Congress said to the Treasury Department, 'you guys handle this stuff, we're too screwed up to do it'. Treasury's just using the authority Congress delegated to them.
Unfortunately, probably never. Government theft is also a sin.
GMAC, there, they did.
Sure there’s limit. Got a mirror?
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