If these companies don't stay afloat, it's going to be bad news for most Americans. I don't really understand what people don't get about that.
Drowning in debt but no problem giving tens of millions in political donations to keep them afloat with your money.
Liberal Democrat senator Levin gets the most for the senate and Liberal Democrat congressman Dingell gets over a million with millions of his already at stake in investments of stock and options with GM, his wife being a lobbyist for GM.
http://www.cbsnews.com/stories/2008/...n4646424.shtml
Small wonder Dems in congress are pushing so hard for billions more to Detroit.
Blech, aren't Democrats supposed to be against corporate welfare? Repubs were bad with spending and now we get to see Dems being worse. Yes it was possible.
"To argue against any breach of liberty from the ill use that may be made of it, is to argue against liberty itself, since all is capable of being abused." – Lord George Lyttleton (1709-1773)
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If these companies don't stay afloat, it's going to be bad news for most Americans. I don't really understand what people don't get about that.
Of course more contributions than to the cash strapped republicans. Kind of tells me that business has lost faith in the republican party.
These companies have already lost a lot, while Japanese and German companies have increased market share, and they have jobs right in America too, even in manufacturing:
http://www.ohio.honda.com/
"In 13 locations across North America, more than 36,000 team members are producing* over 1.3 million vehicles, more than 1.5 million engines, and nearly 400,000 automatic transmissions per year. In fact, 11 Toyota and Lexus models are built in North America with parts purchased from hundreds of North American supplier locations. "
http://www.toyota.com/about/our_busi...ing/index.html
It is bullshit to pretend that jobs from rivals are not created here too. The only difference being they get their money from people buying what they want in a free market and not forcefully from the government tit.
Also I would add there is fearmongering going on, in all likelihood, one of the 3 would fail and the others would become healthier once the gobble the failure's market share and hopefully get back on their feet. There is shrinking market demand for their products.
"To argue against any breach of liberty from the ill use that may be made of it, is to argue against liberty itself, since all is capable of being abused." – Lord George Lyttleton (1709-1773)
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"To argue against any breach of liberty from the ill use that may be made of it, is to argue against liberty itself, since all is capable of being abused." – Lord George Lyttleton (1709-1773)
Your children's future
Total debt:
So the biggest recipients of money from employees at the Big Three are the senior members of Congress from Michigan. Who ever would have guessed that?
Scandal of all scandals!
Last edited by Bonestorm; 12-04-2008 at 04:22 PM.
seriously, what are the dems going to care whether the auto 3 go under or not. If they succeed and become profitable again, the dems will try to claim credit. If they fail, the dems will still blame the reps and most everybody will be too stupid and angry to actually learn the truth.
"To argue against any breach of liberty from the ill use that may be made of it, is to argue against liberty itself, since all is capable of being abused." – Lord George Lyttleton (1709-1773)
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Including the suburbs where most of the auto workers are?
What diff does that make anyway, it's the lefties who contend that Repubs are all about corp welfare and corp donations and here we see both being more to do with Dems.
Why, did they pass another law forcing water conservation?
Seriously, I didn't blame Liberals here, I showed the link between their donations received and their support for the bailout.
"To argue against any breach of liberty from the ill use that may be made of it, is to argue against liberty itself, since all is capable of being abused." – Lord George Lyttleton (1709-1773)
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Anyone who does NOT support the bailout today needs a crash course in economics. They shouldn't even be serving in Congress if they vote against it.
True or false. Leftists have a general philosophy of taxing that which is healthy and subsidizing that which is not.
The big 3 know where their best chance of return is going to come from. Yes it's tilted more to Michigan politicians but to DEMOCRAT Michigan politicians.
Schumer and Tester seemed to come out against it, so it's not all Dems that are like this but it would seem to be generally so.
"To argue against any breach of liberty from the ill use that may be made of it, is to argue against liberty itself, since all is capable of being abused." – Lord George Lyttleton (1709-1773)
Your children's future
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