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Treasury ready to prevent collapse of automakers
Treasury ready to prevent collapse of automakers ^ | 12/12/2008 | Jeannine Aversa

Posted on 12/12/2008 8:34:55 AM PST by GreaterSwiss

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To: quack
Congress gave them that power unfortunately,when they voted for the original bailout.

Blank checks are dangerous things.

21 posted on 12/12/2008 8:51:33 AM PST by Mojave (http://barackobamajokes.googlepages.com/obama_funny)
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To: demoskowitz
In January, elected people will suffice.

In the meantime, tantrums will not run the country.

Deal with it. God, the republican party have become such indescribable whining losers!

22 posted on 12/12/2008 8:52:45 AM PST by JasonC
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To: xzins
No, it really isn't. It is typical muddle and incompetent squalling brats unable to live up to the height of the times.
23 posted on 12/12/2008 8:54:11 AM PST by JasonC
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To: demoskowitz

And Congress is screaming about it, right?

Right.


24 posted on 12/12/2008 8:55:05 AM PST by austinaero
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To: demoskowitz

What I’d like to see them do is just front the big 3 the dough using as collateral those “environmental” loans the automakers already have. What the administration asked Congress to do is release the restriction on those loans so they could be used for restructuring. Congress couldn’t get that done, so it’d be pretty funny for treasury to either buy them or make loans against them, effectively removing the “green” restrictions that kept the big 3 from using them in the first place.

That move would leave Congress with the choice of either dropping the restrictions on the loans or accepting responsibility for treasury holding a bunch of worthless collateral. Could be lots of fun there and it’s exactly the kind of thing a lame duck administration doesn’t have to worry about doing.


25 posted on 12/12/2008 8:56:14 AM PST by ArmstedFragg
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To: demoskowitz

Bush and the union’s gave us the finger.


26 posted on 12/12/2008 8:58:27 AM PST by boomop1
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To: Rum Tum Tugger
I don't know about Bush but, there's no doubt that the Congress of the last few years is the worst in history.

And with The Holy O coming to be in charge, it's only going to go down hill.

27 posted on 12/12/2008 9:02:29 AM PST by Psycho_Bunny (By Obama's own reckoning, isn't Lyndon LaRouche more qualified? He's run since the 70's)
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To: Deo volente
The death, long and slow, began just before the whiskey rebellion.

In the last 40 years, it has increased at an uprecedented rate.

28 posted on 12/12/2008 9:09:20 AM PST by IYAS9YAS (Hey Obama, why lawyer up when you can pony up? Show us your vault copy BC)
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To: WesA
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??

Bush is messing up big time on these financial issues, no doubt but you are making a ridiculous comparison. Why do you curse something good that Bush has done? Kerry would have been better than Bush, is that what you are suggesting? Kerry would have done a better job with regards to terrorists?

And IF anyone should start ranting all about "one issue voters" let me remind them that they are alive because of one issue, someone choose to keep them that way, alive.

29 posted on 12/12/2008 9:12:01 AM PST by frogjerk (Welcome|Goodbye to|from Free|Fairness Doctrine Republic!)
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To: frogjerk

“Bush is messing up big time on these financial issues, no doubt but you are making a ridiculous comparison. Why do you curse something good that Bush has done? Kerry would have been better than Bush, is that what you are suggesting? Kerry would have done a better job with regards to terrorists?”

All I am saying is that the Republican nominee must be a proven fiscal conservative first and foremost. You went off on some tangents. No Huckabee’s, No Bush’s, etc etc.


30 posted on 12/12/2008 9:21:21 AM PST by WesA
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To: demoskowitz

So it begins.

31 posted on 12/12/2008 9:25:03 AM PST by afnamvet
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To: WesA

“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??”

This is a huge problem around here. People are so morally outraged by abortion they fail to act rationally. A President cannot stop or even make much of a dent in the rate of abortion (even overturning Roe), but he can be very instrumental in reversing and preventing socialism.

There are thousands of socialists and populists around here that are tolerated because they pack a gun, are christians, and are anti-abortion.


32 posted on 12/12/2008 9:30:30 AM PST by Sunnyflorida (Unless you are nice and thoughtful you will be ignored. Write in Thomas Sowell.)
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To: WesA
All I am saying is that the Republican nominee must be a proven fiscal conservative first and foremost. You went off on some tangents. No Huckabee’s, No Bush’s, etc etc.

You are absolutely wrong on that point. I don't want anyone in the White House that doesn't respect the right to "Life, Liberty and the Pursuit of Happiness". Life is foremost and first. Why it is even negotiable is just an indication of how sick this country and world is. All three legs of conservativism should be met. We haven't had that since Reagan. Palin is the latest who has these qualities.

33 posted on 12/12/2008 9:31:51 AM PST by frogjerk (Welcome|Goodbye to|from Free|Fairness Doctrine Republic!)
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To: WesA

RE :”All I am saying is that the Republican nominee must be a proven fiscal conservative first and foremost. “

That is easier said than done, we always get the Worst of two evils WOTE argument , “Bush vs Mccain, then Gore, then Kerry”, then “McCain vs Obama”

Then we get same logic for bailout, “Blank check for president because alternative is unexceptable, WOTE”

Most of FR drank the WOTE coolaid over McCain vs Obama, and will again if things dont change.


34 posted on 12/12/2008 9:32:21 AM PST by sickoflibs (Hannity: : "I don't get my bonus unless this GM bailout goes through")
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To: Sunnyflorida
A President cannot stop or even make much of a dent in the rate of abortion (even overturning Roe), but he can be very instrumental in reversing and preventing socialism.

The FOCA, which Obami promises to sign immediately, wont make much of a dent in the rate of abortion in this country?

35 posted on 12/12/2008 9:35:04 AM PST by frogjerk (Welcome|Goodbye to|from Free|Fairness Doctrine Republic!)
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To: Sunnyflorida

“This is a huge problem around here. People are so morally outraged by abortion they fail to act rationally. A President cannot stop or even make much of a dent in the rate of abortion (even overturning Roe), but he can be very instrumental in reversing and preventing socialism.

There are thousands of socialists and populists around here that are tolerated because they pack a gun, are christians, and are anti-abortion.”

You’re right...I sense a lot of people here would be happy servants of the state as long as Roe v Wade was overturned.


36 posted on 12/12/2008 9:39:56 AM PST by WesA
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To: WesA
When will we learn its much more important to get a fiscal conservative in the White House??

No fiscal conservative will ever be allowed anywhere near the White House again. The banks don't care if a political candidate engages in the modern bread and circuses MSM entertainment of taking up hysterical, overwrought stands on social issues one way or the other, but threaten to mess with the financial system and they'll have their minions brand you a lunatic before you ever get near a primary victory. Ron Paul was never a serious threat, but they stuck him with the "Truther" label just to be sure. Sarah Palin might have proven to be a fiscal conservative, so they turned her into a snake-handling Quayle clone. And just because FReepers love her, don't think that caricature hasn't stuck hard with the general public - I still hear lots of people talking about what an "idiot" she was.

37 posted on 12/12/2008 9:44:20 AM PST by Mr. Jeeves ("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
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To: demoskowitz

Congress failed to act? Last I remember, Bush and Congress reached an agreement. It was the Senate that shot it down.


38 posted on 12/12/2008 10:01:15 AM PST by wastedyears ("Life's tough... It's even tougher if you're stupid." - John Wayne)
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To: demoskowitz
I quit.

I hereby resign as a subject of the Federal government of the USA.

I am firing the Washington DC infrastructure (Executive, Legislative, Judicial, and extra-Constitutional Fed and Treasury agencies) as my representative government. They have, almost to a man, violated the social contract in too many ways to enumerate, and thereby nullified all authority granted by way of it.

So, I currently have no government beyond the state of Texas. I will be conducting interviews for Federal representation when circumstances indicate it is necessary and prudent to do so. In the mean time, any and all taxing authority is hereby revoked, and all subordinate power is nullified.

It's fall gardening season, so I'll be preparing to water the tree of liberty.

39 posted on 12/12/2008 10:08:24 AM PST by TonyStark
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Comment #40 Removed by Moderator


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