Little respect in Washington today for your hard earned money.
The situation of General Motors Corp., Ford Motor Co. and Chrysler LLC grows more precarious. GM has said it could run out of cash by year’s end without government aid.
The White House and congressional Republicans insist that any automaker bailout money instead come from redirecting a $25 billion loan program approved by Congress in September to help the industry develop more fuel-efficient vehicles. The GOP would lift restrictions on that money to speed it to the car makers.
Democrats want to leave that money alone and give the industry an additional $25 billion from the financial bailout funds — for a total of $50 billion.
Some top Republicans are against any additional federal automaker help, no matter where it comes from.
“There’s no indication that the car companies would do anything different than what they’ve been doing, which has been a big failure, which is why they need the bailout. And there’s no reason to throw money at a problem that is not going to get solved,” said Sen. Jon S. Kyl of Arizona, the No. 2 Republican.
For the last 20 months or so Barack Obama and Congressional Democrats have run on a platform to go after the huge profits of corporations and give it to the less fortunate citizens of this country. Yet all the rage in Washington DC over the last couple of months is for borrowing and giving billions to these same corporations Obama said he was going to take from.
Maybe I misunderstood but I can’t remember any of Baracks speeches where he promised to take from the poor and give to the rich.
How about this…
I’m generally against the current bailout frenzy but as long as your printing hundred dollar bills at 50 sheets a second, I propose a Factory worker, Carpenter, Plumber, Electrician, Cashier, Truck Driver, Painter, Mechanic, Server, Cook, Janitor, Teacher and of course, a Blogger Bailout.
Ken Maddox of OneAngryMan.com
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Missing from this bill? Its quite obvious, Not one penny to help families stay together.
“Always remember that you are Americans, and it is your birthright to dream great dreams in this sweet and blessed land, truly the greatest, freest, strongest nation on Earth.” — Ronald Reagan
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It is funny how we rushed blindly into shelling out $700 billion to companies with few jobs to and are not going to help protect hundreds of thousands of jobs in the mfg. sector which is where the middle class with and without college degrees live and breath. The only reason I can think of for not helping them is that if they file Chapter 11, they can break the back of the union and end their contracts in court as part of reorganization and offer them their jobs back as less pay. My vote is to help them out now. I think $50 or $75 billion is better spent here and than $700 billion was previously. Here is a sample letter I found and a site to locate your representatives as well to support bridge loans to the auto industry. They loaned Chrysler money years ago and they were a strong and growing company until Daimler bought them raped them and they threw them out with little to nothing. Oh, I am sorry that was a merger of equals. Ha.
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