Wall Street Says Washington Loot Not Enough

The GREED is CHOKING!!!

"Stimulus is signed as storm builds; Carmakers seek billions more in aid; stocks plunge" by Joseph Williams, Globe Staff | February 18, 2009

WASHINGTON - President Obama, seeking to stabilize the nation's staggering economy, signed into law yesterday the massive $787 billion economic stimulus bill - even as two automakers asked for billions more in federal help and the stock market plummeted to a near 5 1/2-year low....

Yeah, just about when he was putting pen to paper.

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In a flurry of moves, Obama will follow up today with a speech in Phoenix - a city with one of the nation's highest foreclosure rates - outlining a $50 billion plan to help more than 2 million struggling homeowners facing foreclosure. His administration in the coming weeks will flesh out plans to overhaul the nation's crippled banking industry and to free up credit.

How many times they gonna print that lie?

U.S. Banks Driving Credit Crunch ON PURPOSE!!

Bush Administration Created Credit Crunch Crisis

Banks Cut Off Credit

And Obama plans to put together his own proposal to help the ailing auto industry survive. Yesterday, two struggling Detroit automakers, General Motors Corp. and Chrysler LLC, asked for more federal aid as they unveiled more painful restructuring. Chrysler, which took $4 billion in government loans in December, said it needed $5 billion more and was cutting three vehicle models and 3,000 jobs. GM, which received $4 billion yesterday on top of $9.4 billion it had already taken, said it will need between $9 billion and $16 billion in more aid, as it cuts 47,000 jobs and closes five more US plants.

Yup, GRABBING for as MUCH LOOT as they can get before the WHOLE HOUSE of CRADS collapses!

"It is clear that going forward, more will be required from everyone involved - creditors, suppliers, dealers, labor, and auto executives themselves - to ensure the viability of these companies," White House spokesman Robert Gibbs said last night....

WTF?

If they wanted to remain viable why did they OUTSOURCE and OFF-SHORE PRODUCTION?

Why are they investing a billion in Brazil?

The legislation is not expected to quickly reverse the economic slide, manifested in the national unemployment rate of 7.6 percent, the highest in more than 16 years, the 46 states with crisis-level budget deficits, and in the rocky stock market. The bellwether Dow Jones industrial average plunged another nearly 300 points yesterday, finishing barely above the close on Nov. 20 of 7552.29 that was the lowest since early 2003....

Related: Wall Street Rejects Obama Stimulus

Is Obama doing things behind the scenes that the money masters don't like?

Are they punishing him?

Obama and his allies continued to sell the stimulus package to a public that is more enamored of him than of the bill.

Shades of REAGAN, right -- as the controllers shove the agenda up our unwilling asses.

Public opinion polls show about 50 percent of the nation approves of the plan, but the president's popularity rating still exceeds 60 percent.

That has to be another bullshit poll because the American public WANTS NO MORE BAILOUTS and we DIDN'T WANT THIS ONE!

He said the bill will "improve travel and commerce throughout the nation," will put the nation on track to transforming "the way we use energy," and "represents the biggest increase in basic research funding" in US history.

Translation: We just wasted a whole pile of $$$$.

Combined with an expansion of a children's healthcare program he also signed, "we have done more in 30 days to advance the cause of health reform than this country has done in an entire decade," he added.

What, he forget about Bushes PRESCRIPTION DRUG BENEFIT?

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And if his statement is true, that is a sad commentary on AmeriKa's health system.

See: Sicko

And about those car companies:

"GM, Chrysler seek an additional $14b; Automakers to cut thousands of jobs" by Bill Vlasic and Nick Bunkley, New York Times | February 18, 2009

DETROIT - The price tag for bailing out General Motors and Chrysler jumped by another $14 billion yesterday, to $39 billion, with the two automakers saying they would need the additional aid from the federal government to remain solvent.

I say LET THEM DIE THEN!!

NOT ONE MORE DIME of TAXPAYER MONEY for them to STEAL!!!!!!!!!!!!!!!

This is BULLSHIT!!!!!!!!!!!!

You f***ers want money?

BRING the MANUFACTURING PLANTS BACK THEN!!!!!!!!!!!!!!!!

In return, the two companies also promised to make further drastic cuts to all parts of their operations, in the hope that they can eventually strike a balance between their bloated cost structures and a dismal market for new car sales. GM, for example, said it would cut 47,000 more workers worldwide, close five more plants in North America....

And they will be REWARDED for such things!!!!

GM is also pushing for a deal with its bondholders to help it reduce its debt from $27 billion to $9 billion....

Well, FUCK the BANKERS!!!!!!!!!!!!!

Both GM and Chrysler said they expect to begin paying back their federal loans by 2012.

Taxpayers are never going to see that money!

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