No taxation without representation. Who else is sick of the bailouts? (Representatives, unemployment)
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I feel like our elective representatives, both Republican and Democratic, are throwing US, the American taxpayers, under the bus. Taxpayers resoundingly said they did NOT approve of the housing bailout, and it passed anyway because our representatives voted for it despite what their constituents asked them to do. Now we find out that the money isn't going to be used the way it was originally proposed AND now we don't even have a right to know how it's going to be used.
NOW they want to pass an auto industry bailout. And basically we have no say in the matter, but we'll be expected to foot the bill.
The bailouts cannot work because all they are is more of the same mentality that caused the problem in the first place.
Our economy is about living on credit -- money that we don't have but that we hope will exist in the future so we can pay for what we want today. The government does not have all these many hundreds of billions of tax dollars. It's just speculating that they these taxes will some day come to be. Bailouts just add many hundreds of billions of dollars to our total debt and it's money that can never be paid.
I feel like our elective representatives, both Republican and Democratic, are throwing US, the American taxpayers, under the bus. Taxpayers resoundingly said they did NOT approve of the housing bailout, and it passed anyway because our representatives voted for it despite what their constituents asked them to do. Now we find out that the money isn't going to be used the way it was originally proposed AND now we don't even have a right to know how it's going to be used.
NOW they want to pass an auto industry bailout. And basically we have no say in the matter, but we'll be expected to foot the bill.
I think it's time for another Boston Tea Party.
Yes, like good little socialists we will foot the bill. And both parties in cahoots to make sure we stay in line and are shut up....after all, in a marxist state it is always the politicians who get and keep the goodies, not the serfs.
I feel like our elective representatives, both Republican and Democratic, are throwing US, the American taxpayers, under the bus. Taxpayers resoundingly said they did NOT approve of the housing bailout, and it passed anyway because our representatives voted for it despite what their constituents asked them to do. Now we find out that the money isn't going to be used the way it was originally proposed AND now we don't even have a right to know how it's going to be used.
NOW they want to pass an auto industry bailout. And basically we have no say in the matter, but we'll be expected to foot the bill.
I think it's time for another Boston Tea Party.
I agree. This is just lunacy. They had BETTER not bail out the automakers. That industry MUST be forced to restructure and change its modus operandi. It's just not working and they apparently need to be hit in the head to change.
The large portion of the BAILOUT that the government forced on them--is gone and spent, remember, bush declared MARSHAL LAW and basically held congress and the American people at hostage of him signing off the whole thing without their input if they did not play ball. Might I suggest you read a bit about marshall law, national emergency and executive orders Bush gave himself all the power in the world to be able to operate as a dicatator in such cases as he pleases.
My thinking is there was going to be a bail out NO MATTER WHAT and at least some people in congress, senate saw that and are trying their best to make sure the don't corporations rape us more and that the people who need help might get some of it, because no matter what the bailout was happening.
The large portion of the BAILOUT that the government forced on them--is gone and spent, remember, bush declared MARSHAL LAW and basically held congress and the American people at hostage of him signing off the whole thing without their input if they did not play ball. Might I suggest you read a bit about marshall law, national emergency and executive orders Bush gave himself all the power in the world to be able to operate as a dicatator in such cases as he pleases.
My thinking is there was going to be a bail out NO MATTER WHAT and at least some people in cogress saw that and are trying their best to make sure the corportions rape us more and that the people who need help might get some.
I think you need to look at Nancy Pelosi and the democratic congress before you point fingers at Bush. But the truth is, the two parties ARE in cahoots and we are the victims.
I think you need to look at Nancy Pelosi and the democratic congress before you point fingers at Bush. But the truth is, they two parties ARE in cahoots and we are the victims.
congress voted no to it honey and it went to the senate under marshal law.
No matter what, it was happening and the people you are complaining about had YOUR back, as to where that money was going to go... it was a money grab by bush and his friends, they saw that and said ohhh okay lets not let that happen, if indeed we need a bailout lets fix what is really wrong, not just let the corporations and CEO's making a money grab run off with the money and not have fixed anything.
Even if just one of the Detroit Three — and GM is the most likely, as Ford is in better shape and Chrysler is much smaller — spiraled into a free-fall bankruptcy, the systemic effects, at least initially, would be huge. The whole industry would not be able to build cars in the U.S., because of the lack of parts. "Unlike the airlines or steel, when you look at the automobile industry and the fact that the whole supplier base is connected — to Ford, Chrysler, Toyota — it will have a ripple effect on the entire industry," says Nicole Y. Lamb-Hale, a bankruptcy expert at the Detroit office of Foley & Lardner, a law firm that represents some GM suppliers.
Quote:
Although the Detroit Three directly employed about 240,000 people last year, according to the industry-allied Center for Automotive Research (CAR) in Ann Arbor, Mich., the multiplier effect is large, which is typical in manufacturing. Throw in the partsmakers and other suppliers, and you have an additional 974,000 jobs. Together, says CAR, these 1.2 million workers spend enough to keep 1.7 million more people employed. That gets you to 2.9 million jobs tied to the Detroit Three, and even if you discount the figures because of CAR's allegiance, it's a big number. Shut down Detroit, and the national unemployment rate heads toward 10% in a hurry.
...What bailout? What has changed, i.e. what has significantly changed in the Market Before the anticipated bailout and After, in the marketplace? The Big 3 may need the funds more than anyone, the systemic damage from the Corporations failure are really more than anyone can stomach. An estimated 2.9 Million jobs lost is catastrophic systemic economic failure, and everyone will feel it. Simple math. We may not like it, but if we finally get a say so in the product line....
congress voted no to it honey and it went to the senate under marshal law.
Nancy Pelosi was still pushing it as hard as she could. Again, you cannot blame Bush for this. The Dems are in large part to blame.
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The Big 3 may need the funds more than anyone, the systemic damage from the Corporations failure are really more than anyone can stomach. An estimated 2.9 Million jobs lost is catastrophic systemic economic failure, and everyone will feel it. Simple math. We may not like it, but if we finally get a say so in the product line....
