The coming financial crisis

[ATV]

I'm just thankful the country is no longer taking it's ques from the likes of Tweetle Dumb and Tweetle Dumber.

[PoopyfaceMcGee]

Gibbs and Bugle?

[ATV]

...Because we've witnessed firsthand what happens when incompetents become "The Decider".

[PoopyfaceMcGee]

Today's bailout "revision" has slashed mortgage rates around the country.  If you're not completely happy with your rate, you might want to call up your favorite broker and see what's up.

[Tomahawk]

...Because we've witnessed firsthand what happens when incompetents become "The Decider".

5-5-1?

[ATV]

Moore making sense on the proposed Auto bailout...

So what to do? Members of Congress, here's what I propose:

1. Transporting Americans is and should be one of the most important functions our government must address. And because we are facing a massive economic, energy and environmental crisis, the new president and Congress must do what Franklin Roosevelt did when he was faced with a crisis (and ordered the auto industry to stop building cars and instead build tanks and planes): The Big 3 are, from this point forward, to build only cars that are not primarily dependent on oil and, more importantly to build trains, buses, subways and light rail (a corresponding public works project across the country will build the rail lines and tracks). This will not only save jobs, but create millions of new ones.

2. You could buy ALL the common shares of stock in General Motors for less than $3 billion. Why should we give GM $18 billion or $25 billion or anything? Take the money and buy the company! (You're going to demand collateral anyway if you give them the "loan," and because we know they will default on that loan, you're going to own the company in the end as it is. So why wait? Just buy them out now.)

3. None of us want government officials running a car company, but there are some very smart transportation geniuses who could be hired to do this. We need a Marshall Plan to switch us off oil-dependent vehicles and get us into the 21st century.

This proposal is not radical or rocket science. It just takes one of the smartest people ever to run for the presidency to pull it off. What I'm proposing has worked before. The national rail system was in shambles in the '70s. The government took it over. A decade later it was turning a profit, so the government returned it to private/public hands, and got a couple billion dollars put back in the treasury.

This proposal will save our industrial infrastructure -- and millions of jobs. More importantly, it will create millions more. It literally could pull us out of this recession.

[shorebird]

Link?

[ATV]

http://www.michaelmoore.com/words/message/index.php?id=242

[Seabiscuit36]

Moore making sense on the proposed Auto bailout...

So what to do? Members of Congress, here's what I propose:

1. Transporting Americans is and should be one of the most important functions our government must address. And because we are facing a massive economic, energy and environmental crisis, the new president and Congress must do what Franklin Roosevelt did when he was faced with a crisis (and ordered the auto industry to stop building cars and instead build tanks and planes): The Big 3 are, from this point forward, to build only cars that are not primarily dependent on oil and, more importantly to build trains, buses, subways and light rail (a corresponding public works project across the country will build the rail lines and tracks). This will not only save jobs, but create millions of new ones.

2. You could buy ALL the common shares of stock in General Motors for less than $3 billion. Why should we give GM $18 billion or $25 billion or anything? Take the money and buy the company! (You're going to demand collateral anyway if you give them the "loan," and because we know they will default on that loan, you're going to own the company in the end as it is. So why wait? Just buy them out now.)

3. None of us want government officials running a car company, but there are some very smart transportation geniuses who could be hired to do this. We need a Marshall Plan to switch us off oil-dependent vehicles and get us into the 21st century.

This proposal is not radical or rocket science. It just takes one of the smartest people ever to run for the presidency to pull it off. What I'm proposing has worked before. The national rail system was in shambles in the '70s. The government took it over. A decade later it was turning a profit, so the government returned it to private/public hands, and got a couple billion dollars put back in the treasury.

This proposal will save our industrial infrastructure -- and millions of jobs. More importantly, it will create millions more. It literally could pull us out of this recession.

So basically you want the Government to go into full communism mode by buying out the auto dealers, congratulations on getting completely lost in your point

[PoopyfaceMcGee]

In this case, communism would appear to be the cheaper alternative.  Awesome.

[Diomedes]

I like his first point a lot.

[ATV]

I heard that each of the big 3 travelled to DC by hybrid cars. I don't understand, why would they have no better way to travel 700+ miles from Detroit than in a car? Oh yea, because our rail system is a joke. Pathetic.

[Diomedes]

Right, but woe to the commie pinko fag who suggests spending tax dollars on railway infrastructure.

[Phanatic]

I never did get the pinko part of that bit of slander...

[PoopyfaceMcGee]

Maybe pink is almost like red?

I got some reds.
You don't mean communists, do you, Sam?