WAKE UP, AmeriKa!!! OBAMA gonna take you on the GLOBALIST RIDE!!!
First Bush nationalized the BANKS, now he is going to NATIONALIZE the AUTO INDUSTRY?!!!
I mean, I would be all for it if the American citizen benefits, but THEY DO NOT!
"$15b deal near on automakers; Loans would hinge on naming of 'car czar'; Lawmakers await White House assent" by Michael Kranish and Jenny Paul, Globe Staff and Globe Correspondent | December 9, 2008
WASHINGTON - The White House and Democratic congressional leaders sought last night to complete a deal to provide as much as $15 billion to struggling US automakers in return for appointment of a "car czar" to oversee the loans and the industry's retooling.
Sure SMELLS like FASCISM to ME!!! The controlled left opposition has a point: how come the BANKS and WALL STREET didn't receive such (alleged) scrutiny?
If the White House signs off on the emergency legislation, votes are expected this week in the House and Senate. The measure would give Chrysler, Ford, and GM access to the loans Dec. 15 by dipping into a previously approved fund to help the companies build fuel-efficient vehicles.
WTF? If they ALREADY GOT $25 BILLION, why are they BACK ASKING FOR MORE?
I'll tell you why: they wanna GET THEIR HANDS on the LOOT before this WHOLE NATION IMPLODES!!!
THAT is what is happening RIGHT BEFORE YOUR EYES, America -- and you don't give a damn, you just keep on slurping up that bowl of MSM swill!!!
GM had said it would be forced to declare bankruptcy at the end of this month without the money, and Chrysler also said its position was precarious. Ford has said it might not tap the funds, but warned that the failure of any of the Big Three would devastate the industry.
Then WHY the OUTSOURCING and OFFSHORING?
See: G.M. Made One BILLION Profit in Brazil
They are "INVESTING" in BRAZIL?
The measure calls for a review board or a presidentially appointed overseer, who would determine whether the automakers have submitted adequate plans by the end of March to remake themselves into leaner companies that produce far more hybrid and electric cars. If they have not, the car czar could demand earlier repayment of the loans and prevent additional funding.
If you don't think that "green" agenda is being pushed America, please smell the fart mist.
Although some Republican leaders have objected to bailing out US automakers, the measure has widespread support among Democrats and is expected to be backed by some GOP lawmakers in Midwestern states that rely on the industry....
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Yeah, that's what a never-ending GWOT and occupations are for!!!!
The $15 billion is far less than the $34 billion sought last week by top executives of the Big Three automakers or the $125 billion that some analysts believe will ultimately be necessary. The legislation is designed as a short-term bridge to enable the automakers to stay afloat until the new Congress is seated Jan. 6 and Barack Obama is inaugurated as president two weeks later. Obama has expressed support for helping the auto industry, as long as executives commit to conditions such as building more hybrid and electric cars.
Translation: they WILL be getting the FULL $125 BILLION; however, that does not mean they will not LAY PEOPLE OFF!!!!
Asked on CNN whether the $15 billion is enough, United Auto Workers president Ron Gettelfinger responded: "We'll take this emergency bridge loan. This should get us through March. And by then, we should have restructuring plans in place."
Democrats had wanted Bush to tap the $700 billion allocated for the financial crisis, but the White House refused, saying that the money was reserved for easing the credit crunch. Democrats also failed in their effort to get the Federal Reserve to loan money to the automakers.
Democrats don't succeed at much, do they?
On Friday, after the government reported the loss of more than 500,000 jobs last month, the most in a single month since 1974, Democratic leaders dropped their objection to tapping the $25 billion fund that automakers were supposed to use to retool their factories to produce more fuel-efficient vehicles.
U.S. Representative Barney Frank, Democrat of Massachusetts and chairman of the House Financial Services Committee, said that once Obama takes office the fund can be replenished and that more money would probably be made available if carmakers keep their commitments.
Where is YOUR BAILOUT, Americans!
The measure proposed yesterday could garner support from key Senate Republicans who voiced support in November for a similar plan. One of them, Senator Arlen Specter of Pennsylvania, said he has agreed to meet with GM officials today. He said he would assess the consequences to the economy if the automakers fail against the likelihood that the proposal will work.
So much for the check of divided government (was a fraud all along)!
Senate minority leader Mitch McConnell said he wanted to make sure the legislation would include strict taxpayer protections and called for the automakers to commit to "significant and fundamental reform."
Yeah, as long as we don't scrutinize the ponies, 'eh, Mitch?!
"The tax package includes several elements sought by powerful lawmakers, including a tax break for race horse owners important to Mitch McConnell of Kentucky, the Senate minority leader"
What a detestable piece of slime!!!!
"We must first ensure that we do no harm to taxpayers later in our efforts to help any one particular industry now," he said in a statement. "Troubled automakers cannot expect taxpayer help without a serious commitment to change their ways, permanently."
Where's that salt-shaker?
