Quote:
Originally Posted by MMe M
The automakers have done more than you know. Blame at this juncture, if we
must place it where it should lie has to be with NAFTA, CAFTA and congress
most assuredly must share responsibility. Every other country has import
tarrifs. Every other country knows enough to care for their own
manufacturers that actually produce vital goods.
What do you drive? How has lifting import tarrifs changed what Americans
buy and drive? What do you really know about what they have or havent
done? Nothing. Thats what. You trust the media to report what the three are
doing in their r and d departments but not about anything else?
Good heavens people?! These companies actually manufacture a product.
These companies employ millions, and so do their suppliers. It is incredibly
hard for factories and industry to stay in this country and still make a profit
with all the regulations, taxes, EPA stipulations and on and on but they have
kept many here, thank god. How many of you even look to see where
products are manufactured before you put your money down? You talk talk
talk about people needing to wake up but how many are willing to when
the sentiments of individuals on this site have shown disdain, contempt and
worse about the automakers here today? How many of you had or have a
relative that works for one of the three or one of their suppliers? Dealerships,
mechanics, and the like? Are any of you aware of GM's 30 miles/30 minutes
supplier requirement? I dont know if they still have this in place but they did
and the result was a boom in the suppliers building local factories which
employed masses of people. It was the lowest unemployment our state ever
had.
The 700 billion is already allocated for this purpose. It is sheer madness to
say its great for AIG, who makes...nothing, but not for companies employing
millions of people nationwide. We werent using our constitution when
congress decided to become a banking institution, something that clearly
violates the consitution. Bush has thrown out most other aspects of it with
executive orders. Why are all of you acting so viscious and tyranical about
the $$$$$$$$$$$$$$$$$ now? Because congress treated them so
ungraciously that you all must too? And people put themselves above dogs
when in reality they are jast as ready to follow a pack leader to decide how
they will react about a situation. Pack mentality.
This may be Bush's only act of grace while in office.
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This post if full of win.
The banks never should have gotten anything, they created the mess but yet they get Congress falling all over themselves throwing obcene amounts of money at them.
More money (U.S. dollars) than exists in cirulation in the entire world...
More money than there is gold in Ft Knox...
Literally.
Lets not forget that the bank bailout is about the gov buying all the worthless garbage the banks have acrued over the years.
We will never see any of this money come back.
The big 3 are asking for a loan to get through the hard times that the banks have created.
They have to beg and plead and grovel like they are some sort of criminals...
The bankers ARE the criminals...
Congress never entertained the idea of getting rid of the bank ceo's.
Why is this?
As stated above the automakers produce real goods, they don't just conjure money into existance.
And they can't even get a freaking LOAN for a mere fraction of what is being shoveled into the banks...
There are far too many jobs at stake here, we have been shipping jobs across our borders for a very long time now.
This whole bailout fiasco should have never started in the first place.
This has to go through as much as I dislike it, it just has to.
Let's not forget that during WWII it was our auto factories that provided the equipment that won the war.
We NEED the infrastructure.
If some of the banks were allowed to go insolvent there are more banks to pick up the slack, we could have taken that hit.
Banks don't create anything, they don't need advanced factories that take years to design and build.
All they need is some servers and any old building to house them.
People's ignorance and shortsightedness never fails to amaze me.
By the way, Hi everybody.