Posted on 09/25/2008 6:52:42 PM PDT by Lorianne
In Washington these days, an 11-figure expenditure barely attracts notice.___ With Congress preoccupied with the massive, $700 billion bailout plan for the financial industry, General Motors, Ford, and Chrysler have finally secured Part One of their own federal rescue plan. A bill set to be passed by Congress and signed by President Bush as early as this weekend--separate from the controversial Wall Street bailout plan--includes $25 billion in loans for the beleaguered Detroit automakers and several of their suppliers.
"It seemed like a lot when we first started pushing this," says Democratic Sen. Debbie Stabenow of Michigan, one of the bill's sponsors. "Suddenly, it seems so small."
But please don't call it a "bailout"--Detroit is too proud for that.
(Excerpt) Read more at biz.yahoo.com ...
It’s a bailout for union thugs.
Let 'em go under.
Now we have the mortgage industry, the financial institutions, the automakers, etc. going to be "Nationalized", while wealth is redistributed to various segments of private business via the tax dollars for generations to come?
Is this the boiling of the frog to bring Socialism totally to the country, under the guise of "economic emergency"? Or, is this all part of the plan to make us ALL equally poor, and government-dependent, like the bulk of the Democrat voter-base?
The usual suspects want on the gravy train...
Yes!
BUY AMERICAN.
No, it’s not just you. If this bailout goes through there will no longer be any justification for not socializing everything. Hell, we’ve been socializing farming for decades, why not every other industry?
You know they’ve got their eye on Nationalized Medicine, and they already have socialized the food (you are correct, on the farm subsidies,etc.). The magic words are always “with federal oversight”, which is the Elitists way of keeping themselves employed, and deciding what’s best for the peons who work for a living.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.