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Why would government loaning money to losers instead of new guys

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With the auto makers requesting $34 BILLION you could purchase 340,000 Tesla ultra high performance electric cars at $100,000, turn around and sell them at a 70% loss selling them for $30K, stipulate the buyer has to give up one gas burning vehicle, and it would cost the taxpayers ultimately $23.8 BILLION, resulting in a $10.2 BILLION dollar savings. You’ve just saved over $10 BILLION, replaced 340,000 cars on the road with pure electric vehicles, stimulated borrowing, the economy, and helping to put OPEC out of business.

Why are we loaning money to the next buggy whip industry?

Oh and couple more bonuses to the whole deal. You recycle and use the materials from 340,000 cars on the road and you have 340,000 kick azz new cars on the road!!! I make no apologies but I’m a car guy. With no emissions and something like 3.6 second 0-60mph performance. I’m all for supporting THAT!

“Automate Banking functions so all business and consumer loans come from government via automated Internet.”

This Avoids the Banksters who pay 1% for money and then loan it at 6% to 30% and take hundreds of percent gains, and who have created the $500 Trillion in TOXIC products that are causing this CRISIS.

P.S

“We have become communist at the fastest pace ever in history.”

I agree. The rulers of the USSA want the keys to run our auto industry.

This lets government decide what kinds of cars are produced and by whom, and it gives the international Money Trust endless loans and at perpetual 10% interest, paid by the indentured servants who live in the US, and far more importantly, by their children.

There is nothing US citizens can do about it.

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“The crimes took place” on many levels. Bush cronies “Looked the other way” so it was undetected.

Bob Woodward, Watergate Scandal author, plans to write a book.

“The crimes took place” on many levels. Bush cronies “Looked the other way” so it was undetected.

1. Low interest rates, no mortgage regulations by Greenspan and a flood of funds made it attractive for Investment Banks to offer “TRICK” adjustable High Fee mortgages combined with second mortgages exceeding the inflated appraised value of properties, PONZI was property would appreciate forever.

2. Banksters sliced/combined High Risk mortgages into Derivative adding Large Fees.

3. Banksters bribed the Ratings Agencies with FEES to rate HIGH RISK Derivatives as Low Risk “AAA” paper (comparable to T-Bill).

4. Banksters then sold including High Fees this junk paper to unsuspecting investors around the world. When it was sold the Fees (paid to Executives in $30 to $100 million bonuses) made up 50% of price. So a $100,000 house was effectively sold as a $200,000 house.

5. Housing bubble broke & suddenly junk paper that was worth 50% of what the buyer paid became worth 15% to 30%. Banksters could not sell anymore as investors realized the PONZI, and were forced to sit on a bunch of their JUNK.

6. Banksters knew the money was paid out in big bonuses. Banksters hatched a plan with Paulson for the Taxpayer to “Foot the MONESTROUS Bill” as large as $100 Trillion.

7. BAILOUTS are final chapter in this Bush-Cheney-Paulson RIP-OFF of taxpayers dollars to merge BIG BANKS into MEGA BANKS reduce competition.

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Capitalism vs. Socialism vs. Now

Capitalism:

Lenders grant home loans only to those who have shown an ability and willingness to repay them. In time the borrowers pay back the loans and own their homes outright. Borrower wins. Lender wins. Economy wins.

Socialism:

In the name of “affordable housing” the government coerces and / or requires lenders to make home loans to special groups that do not have the ability or the inclination to repay the loan. The lender is told that he can’t lose because Fannie and Freddie will stand behind the bad loans. The borrower doesn’t repay the loan so they are forced to leave the home they couldn’t afford. Borrower loses. Lender loses. Economy loses.

We have not really had capitalism for quite a few years, we really have had a socialistic economy.

The government has had the hands arm pit deep in the economy since 1913 with the creation of the Federal Reserve. We have not had a free market or true capitalism since that time.

It is high time that capitalism stops taking the heat for the failure of socialism in our economy.

Back to the basics:
No Federal Reserve
No fractional reserve lending
Decrease the size of government
Decrease government spending
Decrease entitlement programs
Get politics out of economics
No fiat currency

Lets put Ron Paul in office to get us there.

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The US government is so beyond totally bankrupt.

Half of the states are bankrupt with California about to completely run out of money and unable to even float more bonds. Auto sales are plunging by over 30% with GM down 41% and auto sales account for 18% of all retail sales which means retail sales are plunging into the red big time. Layoffs are expected to pass 300,000 people in November and the trend is accelerating exponentially. Stores are closing right and left including many big store chains and malls are teetering on the edge of bankruptcy with some already in bankruptcy. Over 10% of mortgages are in some state of default and around 25% of homes with mortgages are now under water with more owed on the mortgage than the house collateral is worth.

From my standpoint I’ve calculated in the 8.5 trillion, donated to the wealthiest corporations and business/financial leaders - divided that by the number of people who will be gravely affected by the long term trend of taxing the middle class to death, factored in the abysmal ethical character of our politicians, bankers, and corporate leaders plus the agenda for a Global Financial System, added in the cost of inevitable and multiple theatre wars (according to the blueprint) multiplied that by the exponential increase of population since earlier world wars and have come up with a big, fat, we’re screwed.

Through the economy things are collapsing all over the place and the numbers will only get much worse as we go into 2009.

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I heard that joke about a year ago, still makes me smile: “The Heaviest Element Known to Science”

“Laboratories Lawrence Livermore has discovered the heaviest element yet known to science.

The new element, Governmentium (Gv), has one neutron, 100 assistant neutrons,and 456 deputy neutrons giving it an atomic mass of 557.

These 557 particles are held together by forces called m0rons, which are surrounded by vast quantities of lepton-like particles called peons.

Since Governmentium has no electrons, it is inert; however, it can be detected, because it impedes every reaction with which it comes into contact.

A tiny amount of Governmentium can cause a reaction that would normally take less than a second, to take from 4 days to 4 years to complete.

Governmentium has a normal half-life of 4 years. It does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places.

In fact, Governmentium’s mass will actually increase over time, since each reorganization will cause more m0rons to become neutrons, forming isodopes.

This characteristic of m0rons promotion leads some scientists to believe that Governmentium is formed whenever m0rons reach a critical concentration. This hypothetical quantity is referred to as critical morass.

When catalysed with money, Governmentium becomes Administratium, an element that radiates just as much energy as Governmentium since it has half as many peons but twice as many m0rons.”

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