Oh, right, HE went to a LOT of TROUBLE to make sure this country toileted!!!
"US rejects GM's plea for up to $10 billion in aid; Decision, election may put deal with Chrysler on hold" by Bill Vlasic and Micheline Maynard, New York Times News Service | November 3, 2008
DETROIT - The Treasury Department has turned down a request by General Motors for up to $10 billion to help finance the automaker's possible merger with Chrysler, according to people close to the discussions.
Starts out good enough, right? Turned some looting corporation down?
See: Bailout Bill to Pay For Job Losses
Instead of providing new assistance, the Treasury Department told GM on Friday, the Bush administration will now shift its focus to speeding up the $25 billion loan program for fuel-efficient vehicles approved by Congress in September and administered by the Energy Department.
So much for the (pfffft) ENVIRONMENT!
Just ANOTHER EXCUSE for TAXPAYER GIFTS to the WEALTHY!
Treasury officials were said to be reluctant to broaden the $700 billion financial rescue program to include industrial companies or to play a part in a GM-Chrysler merger that could cost tens of thousands of jobs.
Why the paper gotta lie? AIG already getting bailed out.
Potential investors have been hesitant to back the merger without federal assistance.
That's right!
The BLOOD-SUCKING INVESTOR wants the TAXPAYER to pay for JOB ELIMNATIONS!!!!
GM's chairman, Rick Wagoner, had lobbied Treasury Secretary Henry M. Paulson Jr. to provide emergency aid to the auto companies under the bailout program to stabilize the financial markets. The Bush administration is still considering options to aid the Detroit automakers, which are losing billions of dollars and rapidly depleting their cash reserves, said auto industry and administration officials, who did not want to be identified because of the sensitive nature of the discussions.
Well, I'M OUT of CASH!! Where is MY BAILOUT, administration?
The first step is to get the Energy Department to expedite the release of the $25 billion in low-interest loans for GM, Chrysler, and Ford Motor Co. Beyond that, the administration is also bringing the Commerce Department into discussions about channeling additional aid to the automakers.
Gees, I wished they worked so hard for the American homeowner!
With auto sales deteriorating to their lowest level in 15 years, Detroit's traditional Big Three are struggling to stay solvent and avoid bankruptcy.
How about YOU, Amurkn? How are YOU DOING?
Auto industry executives and analysts said over the weekend that the loan program is essential to retooling plants and developing vehicles that meet more stringent government fuel-economy mandates. Getting the loans will allow GM, Ford, and Chrysler to redirect money already budgeted for cleaner cars to other capital needs.
WTF? Why is the AMERICAN TAXPAYER being asked to be the Big Three's CASH COW?!
WHAT the FUCK!!!!!???
"The auto companies are clearly running out of cash, and badly in need of more liquidity," said David Cole, chairman of the Center for Automotive Research in Ann Arbor, Mich. "Releasing the $25 billion in loans is a necessary first step."
Why is it OUR RESPONSIBILITY to BAILOUT LOOTERS at GM, Ford and Chrysler?!!
You know..... (blog author just stewing in outrage)
The Detroit companies employ more than 200,000 workers in the United States and provide healthcare and pensions to more than 1 million Americans. The companies are also a lifeline to thousands of dealers and countless suppliers.
Translation: TOO BIG to "fail, " even though they are WHACKING THOSE BENIES and CRYIN POVERTY every chance they get!!!! Maybe we shouldn't have hitched our stars to their wagons, huh?
Support for aiding the industry is growing among political leaders in states with heavy automotive employment. Last week, the governors of Michigan, Ohio, New York, Kentucky, Delaware, and South Dakota wrote to Paulson and Federal Reserve chairman Ben S. Bernanke, urging "immediate action" to assist the industry.
Then either VOTE 'EM OUT or STRING 'EM UP!!!!!!
"While all sectors of the economy are experiencing difficult times, the automotive industry is particularly challenged," the letter said. "As a result, the financial well-being of other major industries and millions of American citizens are at risk." --more--"
That's what the damn BAILOUT BILL PEOPLE SAID and WE DIDN'T GET nuthin' but SQUAT in OUR PALMS, so FUCK OFF with the SCARE TACTICS, lying shit-looter!!!
The way I see it, Americans, is YOU LOSE EITHER WAY!!
Do WHAT THEY WANT and you are ACCEDING to the globalist masters' plan, and FIGHT THEM and they will DESTROY THE SYSTEM to DESTROY YOU -- which is what they are doing right now.
