Big 3 Bailout passes!

this was the plan from the get go... now the treasury can give them more than 14 billion and then refuse requests for transparency just like the fed reserve has been doing when asked to disclose who money was given to...

$14B auto bailout dies in Senate

(WASHINGTON) A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year's end.

Republicans, breaking sharply with President George W. Bush as his term draws to a close, refused to back federal aid for Detroit's beleaguered Big Three without a guarantee that the United Auto Workers would agree by the end of next year to wage cuts to bring their pay into line with U.S. plants of Japanese carmakers. The UAW refused to do so before its current contract with the automakers expires in 2011.

The breakdown left the fate of the auto industry ? and the 3 million jobs it touches ? in limbo at a time of growing economic turmoil. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain.

Democratic leaders called on Bush to immediately tap the $700 billion Wall Street bailout fund for emergency aid to the auto industry.

Majority Leader Harry Reid, D-Nev., called the bill's collapse "a loss for the country," adding: "I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight."

GM said in a statement it was "deeply disappointed" that the bipartisan agreement faltered. "We will assess all of our options to continue our restructuring and to obtain the means to weather the current economic crisis," the company said. Chrysler, too, said it "will continue to pursue a workable solution to help ensure the future viability of the company." additional story here:

http://www.newsweek.com/id/169565/page/2

If you had read the article he posted you would have seen that the failure to pass the 14b Bailout might lead to the FED saving them anyways.

Read before you post

"We the people" have lost total control of our government. We are now in a fascist system with democrats leading the way! It is like bizaaro world

AH there's nothing better than a private company such as the Federal Reserve owning all the major banks in the US, the major industries, and I guess you can say even the government.

It's not Fascism it's called

Despotism
Despotism is a form of government by a single authority, either an individual or tightly knit group, which rules with absolute political power.

http://en.wikipedia.org/wiki/Despotism

http://www.youtube.com/watch?v=bY8Gz...476541&index=5

Fascism can be despotism.

Yeah I guess you're right.

I'm so tired of this crap

Actually what is happening is called corporatism and is quite common in Asia and Europe where the government has a very large influence over the private sector (think Japan).

Of course it flies in the face of everything that the US is and should be a about. Not surprisingly it was a HUGE mistake to allow the treasury to have a $700 billion slush fund to dole out to whomever is favored by the powers that be. The result is not very surprising with every corrupt state bureaucrat and incompetent CEO greasing their favorite federal politician to try and get a piece of the action.

I agree it was a HUGE mistake. There's a few differences in whats happening here over those countries. The most important of those is the Federal Reserve isn't the government. It's a privately company owned mostly by foreign entities. As it is right now this private company holds over 80% of all US home mortgages (probably more now after Citi.) and they are only halfway through the money. Now it's pretty obvious the other half will be used to by up commercial property and companies as they begin to crumble over the next 3-6 months. In addition now the Fed is asking to more or less become the Treasury and issue it's own bonds from here on out. Whats even crazier is that it could all have come to an end for 400 billion by our Government buying the Fed out. Instead they issued them 700 billion (that turns into 7.7 trillion) and let it all continue.

sweet. congress says now but it happens anyway. god damn I love politics!


</sarcasm>

The amount of falsehoods and absurd nonsense you have managed to pack into that single paragraph is truly something. I am impressed.

He's a student of Alex Jones.

Um correct me if I am wrong but we still have a Republican ran goverment. Bush is still in office and his lackeys are still in control of everything. Its not a Republican or Democrats fault, its both.

I see your accusations but I don't see you proving anything different. Give me one example of falsehood and I'll prove my point. Can you do the same?

Yes it is 100% both parties fault. But most of the reps are saying no to this bailout and the dems are pushing for it.

It really is just a distraction from the harm that the first 850 billion did and is continuing to do. The song and dance over 15 billion is kind of a joke.

bad that happened. Sort of., but the market and the $$ went up.

I was warning people of the housing collapse over two years ago. I say two years because I can prove it online but was telling friends and family before. They thought I was crazy then and I had people like cykoe6 telling me I was wrong on the forums. Turns out I was very much right. I knew what was happening because I was a co-owner in a mortgage brokerage back in the late 90's. When the whole bailout crap started I knew it wasn't the right way to go and was very vocal about that as well. As were many and the Government who is looking out for our best interest did it anyway. I voted for Obama believing in his word for change. As soon as he started making his appointments I did a complete 180. That's when I started doing LOTS of research. I had never even heard of Alex Jones until last month. Now very much glad I'm not the only one who can see that things aren't the way they are being presented.

Yes, we are heading to a Fascist system. Damn, Obama is gonna have to make dramatic changes when he gets to office. It is going to get ugly....I see people committing suicide.
This shit is getting out of control.

Fourteen Defining
Characteristics Of Fascism
By Dr. Lawrence Britt

1. Powerful and Continuing Nationalism - Fascist regimes tend to make constant use of patriotic mottos, slogans, symbols, songs, and other paraphernalia. Flags are seen everywhere, as are flag symbols on clothing and in public displays.

2. Disdain for the Recognition of Human Rights - Because of fear of enemies and the need for security, the people in fascist regimes are persuaded that human rights can be ignored in certain cases because of "need." The people tend to look the other way or even approve of torture, summary executions, assassinations, long incarcerations of prisoners, etc.

3. Identification of Enemies/Scapegoats as a Unifying Cause - The people are rallied into a unifying patriotic frenzy over the need to eliminate a perceived common threat or foe: racial , ethnic or religious minorities; liberals; communists; socialists, terrorists, etc.

4. Supremacy of the Military - Even when there are widespread
domestic problems, the military is given a disproportionate amount of government funding, and the domestic agenda is neglected. Soldiers and military service are glamorized.

5. Rampant Sexism - The governments of fascist nations tend to be almost exclusively male-dominated. Under fascist regimes, traditional gender roles are made more rigid. Divorce, abortion and homosexuality are suppressed and the state is represented as the ultimate guardian of the family institution.

6. Controlled Mass Media - Sometimes to media is directly controlled by the government, but in other cases, the media is indirectly controlled by government regulation, or sympathetic media spokespeople and executives. Censorship, especially in war time, is very common.

7. Obsession with National Security - Fear is used as a motivational tool by the government over the masses.

8. Religion and Government are Intertwined - Governments in fascist nations tend to use the most common religion in the nation as a tool to manipulate public opinion. Religious rhetoric and terminology is common from government leaders, even when the major tenets of the religion are diametrically opposed to the government's policies or actions.

9. Corporate Power is Protected - The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite.

10. Labor Power is Suppressed - Because the organizing power of labor is the only real threat to a fascist government, labor unions are either eliminated entirely, or are severely suppressed.

11. Disdain for Intellectuals and the Arts - Fascist nations tend to promote and tolerate open hostility to higher education, and academia. It is not uncommon for professors and other academics to be censored or even arrested. Free expression in the arts and letters is openly attacked.

12. Obsession with Crime and Punishment - Under fascist regimes, the police are given almost limitless power to enforce laws. The people are often willing to overlook police abuses and even forego civil liberties in the name of patriotism. There is often a national police force with virtually unlimited power in fascist nations.

13. Rampant Cronyism and Corruption - Fascist regimes almost always are governed by groups of friends and associates who appoint each other to government positions and use governmental power and authority to protect their friends from accountability. It is not uncommon in fascist regimes for national resources and even treasures to be appropriated or even outright stolen by government leaders.

14. Fraudulent Elections - Sometimes elections in fascist nations are a complete sham. Other times elections are manipulated by smear campaigns against or even assassination of opposition candidates, use of legislation to control voting numbers or political district boundaries, and manipulation of the media. Fascist nations also typically use their judiciaries to manipulate or control elections.

Sorry TheSenator, Obama will do nothing. He is going right along with the Bush policies. Obama is bringing a strong sense of nationalism with him.

..........but the Zen Master simply said ?we shall see?

Lets hope he does.

it fucking robbery at best.

unions and their members stealing money from the hardworking regular American taxpayer.
the only way government interception is acceptable is if the unions are disseminated and done away with.
As long as the union runs the big 3, it would just be pushing the problem out into the future and at tax payers expense.

hell, they could even move the factories out of the country, if koreans can build Kia's, i am sure they can build Fords as well.. american technology and capitalism at work.
screw the unions..

You are the same fucking idiot who was claiming the Mossad was behind the Mumbai attacks because Israel was trying to get allies for its threatened war with Pakistan. After being reminded that you were confusing Iran and Pakistan you finally had the decency to shut the fuck up. You are a perfect example of someone who lacks basic reading comprehension skills and the ability to think coherently but nevertheless feels compelled to continually spout off about things about which you know less than nothing.

In this case your entire premise is wrong. There is no fundamental difference between the Federal Reserve and the German Bundesbank or the European Central Bank. The European Central Bank and the German Bundesbank were modeled after the Federal Reserve system. They are also independent central banks which set their own policy and issue a fiat currency.

Your entire point that the US monetary system is somehow unique and a dangerous conspiracy is completely false. It is the basis from which the current European monetary system is built on. Every statement you made was ether completely made up or intentionally misleading. You could make a reasonable argument that the US is heading down the same corporatist socialist path that Europe has gone down and you would be right. You could correctly argue that European style corporatist socialism is a failed model and is hardly something to be emulated and you would also be right. Of course that would not allow you to engage in any over the top conspiracy mongering and would require some amount of rational or coherent thought. Obviously you have no interest in such things. I would normally assume that you are just a propagandist twisting the facts to suit your agenda but in your case I believe it is safe to say that you are just an idiot.

No my entire premise is that ALL of these banks are more or less one in the same. I live in the US so I'm focused on my coutry's problems. But knowing very well that it's a world wide problem. And I can see where this is heading. A solution to the worlds problems will be offered up as the same thing but world wide. As far as the Pakistan/Iran deal I'm not afraid to admit when I'm wrong or make a misstatement. But I've also done my research there and it's very much a fact that Mossad, MI5, CIA and ISI all worked together. The first three created and trained the ISI. You must have not heard the latest news that it's being blamed on a "rogue" ISI agent. Or the news that Indian police officials were arrested with involvement.

Congress must now be disbanded to free up tax money to support the corporate welfare.

I can only think of one congressman I would keep.

hahaha the whole fucking financial system is a joke
rediculous...... love how the people in power just do what they like and just ignore rules when they feel like it... its everywhere, every government does it. And we just watch and do nothing because the majority doesnt see the big picture

Its very sad! I live in what used to be one of the wealthiest areas in Michigan, now in every strip mall more then half of the stores are closed!
I was at Red Robin with my kids which used to be a hour wait around dinner, and only a few tables had people in them.
I fly to Miami a lot for family and the airport is a ghost town. It's the holidays and not busy. It's very scary watching people close up and down size so rapidly. Thousands of people and family's are leaving Michigan monthly!

It's Amazing when hey calld Detroit the Motor City they weren't Kidding!

Lovelay.

Same thing with 1000s of other factory towns when what they were producing became obsolete, unwanted and what is happening now, both producing things that people dont want and hard times economically.

What pisses me off the most about the car bailout is Ford even being involved in it. After it started looking like there would be heavy regulation and rules that went along with any loan and no free money Bloomberg reported that Ford would not take part in it after all because they had enough cash on hand to restructure and re-tool themselves and get themselves profitable by 2011.

If they had that on hand and could do that own their own, why were they there in the first place? They were clearly looking for a handout when it sounds like they probably don't even need it.

Right they were lying from the get go. So what about those 3 million jobs they are also lying about? They arent going to be lost if they go under and they know it.

Scare scare scare to take attention off the real problem; the treasury has unlimited power not granted by the constitution.

this is how democracy works

...as well as socialism.

Welcome to the UASR ....

We are a Republic.