BUGGS

Washington's Foot Dragging on Automaker Bailout Disappoints Markets

MATH IS AN EXACT SCIENCE. ONE PLUS ONE IS TWO ALL OVER THE WORLD. THE IDIOTS ON CAPITAL HILL THAT WE ELECTED TO OFFICE WILL NOT HAVE THEIR PENSION PLANS OR MORTGAGE PAYMENTS AFFECTED BY THE CURRENT ECONOMIC CRISIS!! HOWEVER, IF AN AUTO MAKER THE SIZE OF GENERAL MOTORS FALLS, THINK ABOUT THESE FACTS.....UNIROYAL, FIRESTONE, PARTS SUPPIERS, TRUCKING COMPANIES, INDEPENDENT PARTS MANUFACTURERS, PAINT SUPPLY HOUSES, ETC, ALL WILL BE IN CRITICAL FINANCIAL CRISES!! LIFE SUPPORT WILL BE OF NO CONSEQUENCE BECAUSE THE TRICKLE DOWN EFFECT WOULD CAUSE THE LOSS OF 1,000,000 JOBS, NOT TO MENTION THE HUGE LOSS OF TAX DOLLARS TO THE FEDERAL GOVERNMENT WHICH BY THE WAY PAYS SOME PORTION OR ALL OF THE SALARIES OF THE ELECTED OFFICIALS THAT WERE SO CONCERNED ABOUT THE THREE INDIVIDUALS THAT FLEW INTO DC VIA LEAR JETS. THE POSTURING BY THESE OFFICIALS TO MAKE GM, FORD AND CHRYSLER LOOK FOOLISH IN FRONT OF THE AMERICAN PUBLIC SERVED NO PURPOSE OTHER THAN AN ATTEMPT TO VALIDATE THAT CONGRESS AND SENATORS WERE DOING THEIR JOBS AND LOOKING OUT FOR THE AMERICAN PEOPLE THAT ELECTED THEM TO OFFICE. WHAT A FARCE!!!!! THOSE SAME ELECTED OFFICIALS AND BILLS THEY ALLOWED TO PASS STARTING IN 1998 IS THE REASON FOR THE CURRENT CRISIS AT HAND. TRUST AND BELIVE THE HOUSING MARKET DID NOT BY ITSELF CAUSE THIS MESS. CHANGING CERTAIN LAWS PERTAINING TO THE PURCHASE OF DEBT BY BANKS AND MORTGAGE COMPANIES BOUGHT THIS ABOUT AND IT BEGAN 10 YEARS AGO. WE AS AMERICANS ARE ALSO GUILTY BECAUSE WE CEASED TO HOLD PEOPLE THAT WE ELECTED INTO OFFICE ACCOUNTABLE. WE HAVE A NEW PRESIDENT AND NOW IT IS TIME TO HOUSE CLEAN IN THE SENATE, CONGRESS AND THE HOUSE OF REPRESENTATIVES!!