BARNEY FRANK WANTS TO NATIONALIZE THE US AUTO INDUSTRY

FOXNEWS | 11/12/08 | FOXNEWS

[penelopesire]

FOX NEWS ALERT on Cavuto just now. Frank proposing legislation to 'partly' nationalize auto industry in America! Unfreakinbelievable!

[penelopesire]

not much more than this news alert. I guess since Paulson puts the brakes on Barney owning houses all over the country, he now turns his attention to the auto industry! (eye roll)

[Brett66]

I wonder what happens when the government runs out of money?

Or print so much that the dollar’s value dwindles to nothing?

[dotan]

... not much more than this news alert. I guess since Paulson puts the brakes on Barney owning houses all over the country, he now turns his attention to the auto industry! (eye roll)

Is it a good thing that our ideological adversaries have lost their minds? If only we were in a position to exploit their folly. All we can do is endure it.

[BlueStateBlues]

Maybe Obama will design the cars, like Hitler designed the Volkswagon? Or is that just an urban legend?

[llevrok]

why are we suprised?

[SERKIT]

Coal industry first, then lending institutions, now the auto industry. Nationalize everything like any other banana republic.

[ChowChowFace]

Screw Barney and the horse he rode in on!!

[exist]

Are you sure Barney Frank really said that? I need subtitles to understand what the hell that guy is saying. Kidding. Anyway, it's a stupid idea.

[eeevil conservative]

And the Marxists came marching one by one Hurrah! Hurrah!

(or is it marching Billion by billion?)

Where are the men with pitchforks?

I don’t mind admitting that I am just one fair maiden in distress!

[Doug4McCain]

If that happens, those union thugs will be driving to work in Rolls Royces... This is sickening.

The big three need to fail. Or, they need to declare bankruptcy and ruin the unions.

Either the unions are ruined or we are. We can’t have both.

[gondramB]

Serious question - how can the administration object to a plan to take equity in exchange for a bailout? Didn’t we just do that?

I know it was tough to vote against the bailout and maybe there was no choice but this feels like a slippery slope the other slippery slopes look up to.

[teletech]

Keep it up DemocRATS and the civil war will start that much sooner!

[penelopesire]

We sure as hell can voice very loud complaints and try to re-educate Americans about the dangers of socialism/communism!

Who is John Galt?

[traditional1]

A damn rump-ranger overtly bringing the socialist agenda out in the open.....Joe The Plumber exposed all of this agenda in his question, and America doesn’t have a clue!

[savedbygrace]

Screw Barney and the horse he rode in on!!

You're just exciting him now.

[Oldpuppymax]

The number one industry of importance in the US and Barney wants to turn it into the old Post Office. Why would anyone be surprised. Look at the marvelous job the radical left did with the nations banks and mortgage lenders! Now I guess all blacks and illegal aliens will be driving Cadillacs for which you and I will have to pay! Oh, wait. That’s been going on for years! We’re just used to providing the “front end” money.

[AppyPappy]

The horse was riding him

[Blogger]

http://www.freerepublic.com/focus/f-news/2130877/posts

[dotan]

Or print so much that the dollar’s value dwindles to nothing?

Jah. I concur, effendi. Only here's what disturbs my sleep. On the economics blogs everyone insists that the real threat is debt deflation and that those of us who sense an oncoming bout of super-hyper inflation are lunatics. Here would be an example:

http://www.minyanville.com/articles/hyperinflation-deflation-fed-ohio-california-bernanke/index/a/19881

[Domandred]

True. Wasn’t him directly but he commissioned the car from Porsche to put it into the public hands...thus the “People’s Car” Volkswagen