Wednesday, September 5, 2012
$ 700 billion Bail Out - Auto Industry! A Middle Class Perspective!
In the continuing debate among our elected officials, the Treasury Henry Paulson, the working class in question, The Big 3 Auto Makers GM and Ford and Chrysler
A "Host of Pundit". All roads lead inevitably back to the 700 Billion Dollar Bail Out
Some might even say that America as we have learned to understand has been in trouble for a long period. Ouch ... You Say! How can that be true when up to a couple of months ago we had the highest DOW in history? Since the industrial revolution the measure of a country was its production capacity and production for export. Last night was almost ridiculous how our elected officials made a "big to do" about the CEOs of GM, Ford and Chrysler travel arrangements for the hearings for aid for the auto industry. We Request For A Peace of 750 BILLION DOLLARS to Bail Out Their demand for a measly 25 billion, with a drop in the ocean, just a couple of bonus executive of The Big Boy is the Goldman or AIG Hearings that would perhaps focused on the essential causes of the request, and the potentially catastrophic effects if they were allowed to fail. Effects like the millions of American families who would suffer and the potential of millions of additional foreclosures created because of a bad economy and Bad policy choices.
Wall Street not Main Street has once again become The Law Of The Land. For three decades, your elected representatives have been signing trade agreements Sweat Heart with all countries in Asia, Europe and Latin they could find. All this while the lobbyists Vultures Circle as They Are "CHECK books in hand." The Best Government Money can buy ... You bet!
All while the country such as China and Japan practice predatory trade practices with the least interest, intervention or assistance from those same political leaders.
There is no one to blame for the failure of our auto industry, but our Officials.Ouch Very Elect ... Again! There will be those who say ... But American cars are not so good, My Toy ---, --- Nis, Hon - BM-, Wed ---- is a better car! What kind of car could G.M. If Ford or Chrysler Building Cars There have been funded, as their foreign competitors?
We also give these foreign competitors to ship additional Breaks parties in this country in containers, and let them assemble here avoiding the same trade costs of our car industry Pays When They ship over seas .. So you could say ... Jobs are Well is not it? Of course, instead of employing tens of thousands of people in every field imaginable How We smile They take a couple of dozen workers unless the union wages while receiving all the HUGE TAX and trade incentives. And You / We / I Wonder Why our car industry is in trouble. But back to the hearings, the Deal private jet is just another way our elected officials bypass the root causes and results of their labor!
This has these same political pundits ASK IF AIG Goldman Sachs or any of their sacred cow financial institutions may abandon their Corporate Jets! Of course not! A double standard ... You Bet.
Any body wonder why people like Henry Paulson as the care of Wall Street and the value of the Dow and our manufacturing base so little! Could It has nothing to do with the hundreds of millions in stock he received when he left Goldman Sachs to become your Treasury Secretary.
I have said before and I'll say it again!
Who is looking out for us? There is the obvious answer ... NONE! Become his Everyman / women for themselves. Wall Street not Main Street, the politicians that the income does not justify their lifestyle and a government, Treasury and the Federal Reserve System all apparently working in the private sector.
And nobody seems to care about the last vestiges of the U.S. auto industry. That symbol of the once proud Great free enterprise and the American Way. Now, many of the same elected officials who have given Wall Street a blank check, has supported the outsourcing of American jobs, the massive trade deficits through the removal of Wholesale Manufacturing Base Once Proud American, ignored, laughed at no loss the job (JOB'S AMERICAN) that if these companies failed. BIG | BIG ONLY | Our government is concerned about the financial impact of the international financial meltdown, but it affects Americans work | Futures | Retreats on the ground. American Job must once again say ... MADE IN AMERICA!
And a Bail Out Of The BIG THREE! Just take it out of the year-end bonuses of the financial institution that received the 750 billion! The COE'S GM Ford and Chrysler agreed to work for free! You can tell this ABOUT THE CEO OF GOLDMAN SACHS AND AIG
I think not .......
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