Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts

Wednesday, December 10, 2008

This is so Cheesey! The Car Czar! All Hail The Car Czar!!! WTF




Who Will Be The Auto Czar? What will he look like? Will he have a cape, a sash and a scepter?

If the deal between congressional Democrats and the White House to give Detroit's automakers $14 billion in emergency loans becomes law, President Bush will appoint a car "czar" who will be responsible for overseeing how the money is spent.

HELP WANTED: Someone who knows how to spend $14 billion.

If a bill to provide $14 billion in emergency loans to the Big Three U.S. automakers is passed by Congress and signed by President Bush, a government "car czar" will given the task of handing out the taxpayers' cash.

The czar will also have the power to force any of the Detroit carmakers into bankruptcy in the spring if they haven't cut quick deals with labor unions, creditors and others to restructure their businesses and become viable.

But some lawmakers think a "czar" should have more power than that.

"The car czar that they put in this bill, first of all, doesn't have a lot power -- has a lot of ability to suggest things -- but doesn't have enough power to cause the restructuring," said Sen. John Ensign, R-Nevada, who opposes an auto bailout and would prefer to see the companies in Chapter 11 bankruptcy....More

Saturday, October 4, 2008

House passes $850 Billion bailout bill!


We could start another war with 850 Billion dollars, Look out Pakistan and Iran!
The U.S. House of Representatives approved an $850 billion bank and mortgage bailout plan Friday that has the federal government buying up bad mortgages from hurting lenders with the aim of unfreezing credit markets.


The measure passed Friday with more support from House Republicans than Monday when the bailout failed. The U.S. House Monday defeated a bailout-only plan forwarded by President Bush and U.S. Treasury Secretary Henry Paulson.

The bill, which passed the U.S. Senate Wednesday, has also been loaded up with $150 billion in tax breaks, extended tax credits and expands Federal Deposit Insurance Corp. account insurance to $250,000 from $100,000.

Tax breaks include new and extended credits for solar and other renewable energies, electric cars, energy-efficient dishwashers, clothes washers and other appliances, idling reduction technologies for trucks and tax credits for commuters who bike to work.

Wall Street and business groups, including chambers of commerce in Arizona, pushed for the bailout. They were afraid that a banking and credit collapse would sink the U.S. into a severe recession.


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Funny Comedians----Pics For Myspace----Stupid News

Wednesday, October 1, 2008

If The United States Farts, Does Anyone Hear it? A New World Oder!



Yes and no! They don't hear it because they are to busy in bed with our leaders and big businessmen, But thankfully the United States has been of a rich diet of lower and middle class jobs and it is smelly!

The 700 Billion Dollar "Bailout" Shakes the World Market!

The entire world loves to beat up America, protest our leaders (George Bush) and bash Western culture. Well when Wall Street tumbles, the entire globe shakes! This 700 billion dollar bailout plan is going to effect the world economy. Mainly because it will be funded by foreign investors, A la China and Arab Oil rich Nations!

This is what big American business wanted, this is what Republicans wanted, Globalization! Well guess what, if there are no jobs in the USA, or just low paying jobs for the majority, this is what you will get.

No jobs=No Goods=No Business=No Money for anyone. This new America has been in the works since the Bush Senior was in office.
This is a massive shift in power right before your eyes!


The New World Order or should it be called the New World Oder!----Political Roast

Tuesday, September 30, 2008

Who Is Really Bailing out America? Is it the Chinese? or the Gulf Arabs?


Did you know that Of the $5.5 trillion to date that has been borrowed from the public by the Treasury, $3 trillion of it is Treasury debt owned by foreign central banks? True!

It turns out that the Chinese and other Asian countries (along with the Gulf Arabs and many other governments) have been generous and ready lenders to the US Treasury. The question remains whether they will continue to be. It took our fine republic a few hundred years to run up $5.2 trillion in debt, but over the next three years Treasury borrowing could exceed $8 trillion, a staggering 60% increase in the real national debt. Is it rational to believe that foreigners will double their holdings of US Treasury debt from $3 trillion to $6 trillion in the next three years? Yes, indeed! Where else would they get that amount of money?
...complete article

Sunday, September 28, 2008

What Could 700 Billion Dollars Buy?


Well, well, well, the giant "capitalist" companies need a bailout! Well wait a minute, i thought the Republicans didn't believe in socialism! They want to use the tax payers money to bailout a few companies!Is this act defined as socialism?
Well the Republicans do not want a social heath care plan nor would they help U.S. citizens that have made poor business decisions!

There should be alot of questions about this one!

Well what could $700Billion ($700,000,000,000)Buy?

You could give each U.S. household $7,000

You could have 6 more years of war in the Middle East

You Could buy 1,400,000 Cadillacs

You could buy 21 new Marlins Stadiums for EACH COUNTY in the state of Florida

You could buy braces for everyone in Great Britain.....and France!

You could buy all 32 NFL teams - 27 times.

Gasoline for a year for every adult in America. (175 billion gallons of gas)

You could literally buy the world a Coke. One 2-liter bottle per week for a year.

You could buy a 60-inch HDTV for every man, woman and child in the U.S.

You could buy 7 Mac laptops for every school-age child in U.S.

you could buy 1 Rolex watch or every woman in the U.S.

You could buy everyone in America 2200 McDonalds apple pies.

Saturday, September 27, 2008

Jon Stewart On George Bush Bailout Speech-Funny Video

Jon Stewart finds an eerie similarity between President Bush's big bailout speech and his Iraq invasion speech five years ago. "Those who do not study the past get an exciting opportunity to repeat it." Watch