I don’t know if anyone misunderstood me, so I will be frank. This country is the best country that has existed in recent history. I say that because we have kicked the entire world’s ass and occupy nobody. This country has bailed out the world and we don’t even require the [...]

Considering the extreme fallout from failure of the auto industry has caused me to review history for similar cataclysms from the past. Thank goodness we didn’t allow these two major strongholds of American consumerism to fall by the wayside in preference for movement forward.

The slide rule industry. With the unfair [...]

“The bailout died after failing 52-35 on a Senate procedural vote.”

Thank god.  That’s the verdict according to Fox News.

Not that Fox is to be trusted entirely, but…  seems like a pretty real statistic.

http://www.reuters.com/article/politicsNews/idUSTRE4BA4S420081211

Any hopes at “change” from the current bailout mentality should be readily dashed.

“President-elect Barack Obama said on Thursday he hoped a congressional deal to bail out the struggling U.S. auto industry could be reached this week, saying again that Detroit’s “Big Three” automakers could not be allowed to [...]

Courtesy of NaturalNews.com. Thanks again to Jim for finding this one for us.

It is true that the big three had no crystal ball in which to gaze and see the rise of gas prices.   So it goes.  This is the way of a free market.  You don’t always bring things on yourself, they just kind of happen.  It is unfortunate, but it is [...]

Priceless

One of our readers, Jim, is strongly in favor of the auto industry bailout.  He pointed me to this article at Time Magazine:

On Monday, an auto industry consulting firm, Planning Perspectives Inc., reported that 68% of participants in a survey of executives for industry suppliers said their companies [...]

City of Lansing Michigan’s Mayor, Virg Bernero, has some muddled thinking on how the auto industry should be dealt with regarding bailout money.  He doesn’t seem to understand that the money comes from the people.

Here is his email address:  mayor@ci.lansing.mi.us

Feel free to correct him

Here is a youtube [...]

From the Associated Press:

Stock intended to eventually earn taxpayers a profit as part of the Bush administration’s massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis. Shares in virtually every bank that [...]