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Bush Backs Plan to Release $25B Loan to Automakers
Fox Business ^ | 11/15/2008 | EagleUSA

Posted on 11/15/2008 8:20:36 AM PST by EagleUSA

Edited on 11/15/2008 8:25:09 AM PST by Admin Moderator. [history]

The White House on Friday threw its support behind a plan to speed release of $25 billion in existing loans to the Big Three automakers but rejected a Democratic proposal to use money from a financial bailout to help the troubled industry.


(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Government; Politics/Elections; US: Michigan
KEYWORDS: 110th; automakers; bailout; bankinglist; bush; financelist; hannity; incompetence; moneylist; rabblerabble; rush; taxdollars; uawinfluence; welfarestate
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The beat goes on. In the midst of a failing bailout for the U.S. economy, Bush wants to throw money at the Big-3 so they can continue to feed their gross management incompetence and pandering to the unions' (the latter being of utmost importance) welfare state which the Big-3 created and can no longer afford. What will be next? As we watch a socialist take over the White House (Congress already) and position to take even more from the producing corporations and individuals, what will collapse next? And finally who will even be able to pay for that? The insanity of rank socialism continues....
1 posted on 11/15/2008 8:20:37 AM PST by EagleUSA
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To: EagleUSA

Is there ANY giveaway plan he doesn’t support?? Good Lord!


2 posted on 11/15/2008 8:21:36 AM PST by truthkeeper (It's the borders, stupid.)
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To: EagleUSA

They could give me just a half million and I would be happy.


3 posted on 11/15/2008 8:22:27 AM PST by KoRn
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To: EagleUSA

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=10685432&ch=4226716&src=news

Just to top it off — a short view of Obama’s coming socialism, which equates to taking from the producers and giving to the non-producers.


4 posted on 11/15/2008 8:22:28 AM PST by EagleUSA
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To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...

The Money, Banking, and Financial Markets Ping List.

"Money, not morality, is the principle commerce of civilized nations."
—Thomas Jefferson

FR Keywords: moneylist, bankinglist, financelist

Please tag all relevant threads with the aforementioned keywords.

This can be a very high-volume ping list at times.

Ping list jointly pinged by rabscuttle385 and TigerLikesRooster.

To join the ping list:
FReepmail rabscuttle385 with the subject line add  moneylist.
(Stop getting pings by sending the subject line drop moneylist.)


5 posted on 11/15/2008 8:23:15 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; Ken H; Gritty; ...
*Ping!*
6 posted on 11/15/2008 8:23:42 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" --Patrick Henry)
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To: truthkeeper
Is there ANY giveaway plan he doesn’t support?? Good Lord!

I think Bush is referring to a $25 Billion loan authorized about a month ago. (anyone have a link) Bush isn't asking for new money.

7 posted on 11/15/2008 8:24:54 AM PST by Aaron0617
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To: truthkeeper

it’s scary in what he wants to give away! does he not care anymore?


8 posted on 11/15/2008 8:25:06 AM PST by cetarist
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To: EagleUSA

Will this hurt Bush’s popularity???


9 posted on 11/15/2008 8:25:21 AM PST by jessduntno (Barack - Swahili for "High Wind, Big Thunder, No Rain")
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To: EagleUSA

If this goes through I will never buy a Big 3 car. They can GGF.


10 posted on 11/15/2008 8:25:47 AM PST by cp124 (A Different America - Obama Bin Biden)
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To: jessduntno

Will this hurt Bush’s popularity???
:::::::::::
An undefined quantity at this point.


11 posted on 11/15/2008 8:26:26 AM PST by EagleUSA
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To: EagleUSA

Bush, socialist to the very end.

I am sick of this POS.


12 posted on 11/15/2008 8:26:27 AM PST by stockpirate ($300 MDUS in illegal donations to O's campaign. Stolen election, where's the outrage?)
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To: truthkeeper

A billion here and a billion there. Pretty soon it mounts up to being some real money.


13 posted on 11/15/2008 8:26:55 AM PST by Piquaboy (22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
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To: EagleUSA

They just keep printing money. Can you say one world currency. Bush the ultimate RINO!


14 posted on 11/15/2008 8:27:18 AM PST by doc
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To: truthkeeper

“Is there ANY giveaway plan he doesn’t support?? Good Lord!”

The Bush Era will ultimately be known as the Great Spending Spree.


15 posted on 11/15/2008 8:27:46 AM PST by Comparative Advantage
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To: EagleUSA

This is already-approved money. The news is that the WH supports modification of the earmarked use, which had been to retool for “green” cars.


16 posted on 11/15/2008 8:28:21 AM PST by Cboldt
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To: jessduntno

“Will this hurt Bush’s popularity???”

LOL!


17 posted on 11/15/2008 8:28:21 AM PST by Comparative Advantage
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To: truthkeeper; EagleUSA

I am wondering about those on FR who still think GWB was a great conservative president. Is it a cult like Jim jones or Hitler supporting till death? I mean, he insists on handing Pelosi/Obama the keys to full socialism before leaving!


18 posted on 11/15/2008 8:28:27 AM PST by sickoflibs ( Have we had enough pain and humiliation? To revival and another 1993.)
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To: EagleUSA

Good grief...


19 posted on 11/15/2008 8:28:37 AM PST by jessduntno (B. Hussein Obama; "High Wind, Big Thunder, No Rain")
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To: doc

“Can you say one world currency.”

That’s the ultimate plan.


20 posted on 11/15/2008 8:29:10 AM PST by Comparative Advantage
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