Comments on: Mixed Views On $17.4 Billion Auto Bailout

As Supporters, Critics Debate Bush's Plan For Loans To GM & Chrysler, Canada Steps Up With Package Of Its Own

[strangeworld]

In the expenditure of tax money to save the economy, emphasis should be placed on the retention of decent paying US jobs - the spending of the people that have them keeps our service sector afloat. There''s no way that any money should be going to those who already have enough to buy yachts (bankers). Republicans have it backwards...they want to spend tax money for the benefit of the wealthy, but whine about the expenditure of a far smaller amount on the average citizen of the US. As far as the good of our nation is concerned, we''ve still got far too many modern republicans in office.

[jsd330]

If you want to read some good information on the federal reserve bank, goggle or search "corrupt federal reserve"

[whitemale08]

A nation''s currency and credit does not belong to another country because it is SOVEREIGN.

When a nation allows another country to ''speculate'' on what their currency/credit is worth who owns it?

Right now all currency/credit is ''speculated'' by ''currency traders''. That means all currency/credit is ''private'' and its value belongs to private individuals on Wall Street and in the City of London.

There''s no reason why a poor African country or a poor U.S., cannot succeed if given a chance to truly own its own currency/credit.

We built the United States with our own ''sovereign credit'', why can''t we rebuild America again with ''sovereign credit''?

Why can''t African countries develop themselves with their own ''credit''?...Why do they have to develop the same way of the West?

They don''t need some fake krap worthless derivate-swap that the IMF/World Bank guarantees in ''writing''. That is ''looting''.

What Africa wants from us is to be left alone and maybe exchange/barter some agricultural products or tourism for power plants and infrastructure until their country is completely developed.

The whole idea of ''English is the only language of success'' is stupid and should be rejected. It''s empire and countries have their own languages

and cultures should not be forced to learn ''English'' to practice ''structure-finance'' of derivates to loot their neighbors.

[whitemale08]

We don''t need the IMF/World Bank anymore, they are nothing more then a bunch of usurers.

What we need is what Lyndon Larouche describes as an International Credit Union with the sole purpose of National Sovereign Credit to be used specificly for infrastructure, and energy development.

This system will be anchored by a new Bretton Woods treaty where currency cannot be manipulated but is stabilized by ''fixed-exchange-rates''.

Each nation on earth will do what our Constitution says and that is only Soveriegn Government can ''utter'' credit and currency.

This will take ''development'' out of the sphere of Wall Street and the City of London. People will be organized around their own nation''s credit system,

and manufactured goods and resources will be bartered for under long-term treaty agreements among Sovereign Nation-States.

That is what needs to replace the collapsed bankrupt evil ''monetary-systems'' where private central banks ''determine'' how much money is within a make-belief budget and funds or credit is only allocated by inflationary supply of fiat-currency.

That monetary-system which is already dead must be buried and new International Credit Union among Sovereign Nation-States must replace it for the survival of mankind.

[whitemale08]

have often read your posts on here about the IMF/wrold Bank and the way you see them as predatory. But, in 1500 characters its impossible to describe the intricacys and I do not subscribe to anything I dont understand. So, do you have a reference to cite so I can read up on your theories that our financial problems are rooted in currency organizations?


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Posted by machineguy at 02:04 PM : Dec 21, 2008

Sure, start with this video...

http://video.google.com/videosearch?hl=en&q=imf%20world%20bank&um=1&ie=UTF-8&sa=N&tab=wv#

[McHineguy]

You are on the right track, the thing is is that we are being blackmailed by Wall Street and the City of London who have long ago took over the IMF/World Bank to loot 3rd world countries after it rebuilt Europe.

Now it''''s our turn, because like a true parasite that eats out it''''s host, in the end it eats itself.


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Posted by whitemale08 at 01:51 PM : Dec 21, 2008

I have often read your posts on here about the IMF/wrold Bank and the way you see them as predatory. But, in 1500 characters its impossible to describe the intricacys and I do not subscribe to anything I dont understand. So, do you have a reference to cite so I can read up on your theories that our financial problems are rooted in currency organizations?

[whitemale08]

role. The US uses the World Bank to keep our currency sound and our dollars worth something. As soon as the bailout was passed the world Bank shut up. So, my opinion is that behind the scenes were phone calls that said something like; "You crooks skrewed us and either make it go away or suffer the consequences". No one is going to say it publicly until the crisis is over.


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Posted by machineguy at 01:21 PM : Dec 21, 2008--

You are on the right track, the thing is is that we are being blackmailed by Wall Street and the City of London who have long ago took over the IMF/World Bank to loot 3rd world countries after it rebuilt Europe.

Now it''s our turn, because like a true parasite that eats out it''s host, in the end it eats itself.

[McHineguy]

This bailout loan gives the automakers a chance to repair their industry. I hope they take it and stop their finger pointing. Change is essential. The US auto industry has been in steady decline for 25 years or more, often the burnt of jokes. Even used in college classes of examples on what NOT to do. We, the American public cannot fix this for the industry. This loan will not fix it. They must find a way to build more quality at less cost. that will mean sacrifice to everyone in the industry and finger pointing will only delay progress.

[McHineguy]

The story that the media is missing is that Bush decided to go with the auto-bailout if Congress gives him the other 350 billion in TARP to bail out worthless hedge-funds, buy-out-firms, and derivatives-krap.


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Posted by whitemale08 at 11:17 AM : Dec 21, 2008

I cant prove it but I am very suspicious, almost certain, that there is world bank pressure on the US to shore up those hedge funds. when the news of financial meltdown first hit there was world wide complaints, the World Bank met, and there was talk of downgrading the US role. The US uses the World Bank to keep our currency sound and our dollars worth something. As soon as the bailout was passed the world Bank shut up. So, my opinion is that behind the scenes were phone calls that said something like; "You crooks skrewed us and either make it go away or suffer the consequences". No one is going to say it publicly until the crisis is over.

[McHineguy]

I would not only like to see UAW cut their wages to what their competitors make, but Auto executives limited to basic salaries also. Their bonuses, stock options, and other bennies drive up the cost of cars dramatically. This old stuff of having to pay more to get the best doesn''''''''t cut it with me. If they don''''''''t like the pay, get them out and find someone else. Look what their so called expertise has brought on. Were all the bennies worth it, did they make the companies perform better? I think not.

Posted by quickly101 at 11:14 AM : Dec 21, 2008

I also think the executives are overpaid. But lets be specific here. If all the top executives in all of the Big 3 got zero pay they will save less than $4 Billion (a nice chunk of change). But, if the UAW agreed to an across the board reduction of just 20% they would save $* Billion (twice as much). If the CEOs and the UAW work together and find a way to build cars for 25% less they save $30 Billion. By comparison, every other industry in America (except oil) has reduced costs in the last ten years.