Ron Paul "How Much is This Really Costing!"

[MrMikey]

This is without a doubt the best argument that I have heard for not bailing out the US auto companies

http://uk.youtube.com/watch?v=Uc1fDjS0YF4

 

[Amerikanse]

If I had it to do over again I would have voted for Ron Paul in the South Carolina Primary. Fiscally a tightwad, socially liberal, and he's a heck of a lot smarter than Obama. And McCain. And Bush. He saw this collapse coming and we Americans happily ignored him and people like Dave Ramsey.

 

[Buddha]

Bush's Final F.U.

With president-elect Barack Obama already taking command of the financial crisis, it's tempting to think that regime change in America is a done deal. But if George Bush has his way, the country will be ruled by his slash-and-burn ideology for a long time to come.

In its final days, the administration is rushing to implement a sweeping array of "midnight regulations" — de facto laws issued by the executive branch — designed to lock in Bush's legacy. Under the last- minute rules, which can be extremely difficult to overturn, loaded firearms would be allowed in national parks, uranium mining would be permitted near the Grand Canyon and many injured consumers would no longer be able to sue negligent manufacturers in state courts. Other rules would gut the Endangered Species Act, open millions of acres of wild lands to mining, restrict access to birth control and put local cops to work spying for the federal government.

"It's what we've seen for Bush's whole tenure, only accelerated," says Gary Bass, executive director of the nonpartisan group OMB Watch. "They're using regulation to cement their deregulatory mind-set, which puts corporate interests above public interests."

While every modern president has implemented last-minute regulations, Bush is rolling them out at a record pace — nearly twice as many as Clinton, and five times more than Reagan. "The administration is handing out final favors to its friends," says Véronique de Rugy, a scholar at George Mason University who has tracked six decades of midnight regulations. "They couldn't do it earlier — there would have been too many political repercussions. But with the Republicans having lost seats in Congress and the presidency changing parties, Bush has nothing left to lose."

Full Article Here (Really worth the read)

 

[marine1]

So the Republicans are stopping this bail out? I say good.
These execs need to be brought before justice and explain how they managed to mess up 3 major companies.
Giving out billions of $'s to these guys wont help at all.
They will just steal the money somehow.