Congress Races to Bailout U.S. Auto Makers

But NOT YOU, American workers and homeowners!

And if the industry was so damn important, why did the Big 3 spend the last 30 years OUTSOURCING and OFF-SHORING PRODUCTION?

That's a question that NEVER GETS ASKED by Congress, notice that? I guess they don't want the execs saying, "Hey, you gave us the tax breaks to do it."

"Congress moves to aid Big 3; Swift agreement after report US lost 500,000 jobs" by Robert Gavin, Globe Staff | December 6, 2008

The stunning loss of more than 500,000 American jobs last month pushed Democratic congressional leaders to say yesterday they were ready to provide a short-term rescue plan for the cash-strapped American automakers and expected to hold votes on the legislation during a special session next week....

Details of the rescue package for the automakers were not immediately available, but senior congressional aides said it would include billions of dollars in short-term loans to keep the automakers afloat at least until President-elect Barack Obama takes office....

Yup, ANOTHER BILL with NO DETAILS!! What does Congress do other than sign checks?

The Labor Department reported yesterday that US employers not only cut 533,000 jobs last month, but that job losses in October and September were worse than initially estimated.

Translation: the GOVERNMENT LIED earlier!! Whadda shocker, huh?

The economy has shed more than 1.2 million jobs in the last three months alone and nearly 2 million since the recession began a year ago, with the impact being felt across the country and in nearly every major sector. Education and health services, natural resources and mining, and government were the only sectors to add jobs in November. Analysts said job losses in December could exceed last month's losses....

Yeah, the ONLY SECTOR NOT FEELING it is the WAR SECTOR!!!! And we are going to shed MORE than HALF a MILLION JOBS next month, too?! Those jobs are NEVER COMING BACK, America -- nor were they meant to!

The national unemployment rate rose from 6.5 percent in October to 6.7 percent last month, the highest since 1993. The rate would probably have been much higher if hundreds of thousands of discouraged workers had not given up searching for work, economists said. Only those actively seeking jobs are counted as unemployed.

I'm not counted. I never got unemployment, and I've stopped looking for work. There is simply nothing around here. How many more are out there just like me? Are you one, reader?

"Is there any silver lining in today's report?" said Bill Cheney, chief economist at John Hancock Financial in Boston. "In a word: no."

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The Fed's actions need to be supplemented by a federal spending package of anywhere from $500 billion to $1 trillion, analysts said. Such a measure could include tax cuts, money for roads and bridges, extended benefits for unemployment, increased aid to states, and incentives for buying homes and cars....

WhoTF can afford to buy anything (as if the banks were actually giving loans)?

Notice how the PUBLIC'S CONCERN is LANGUISHING? Yup, you are the LAST in LINE, Amurkns!!! And then you get a turd plop in your palm!

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