As a Michigander who has lived here her whole 19 years of life, I can assure you this is one of the worst, most corrupt, most miserable state in America.

Don't even bother posting news coming from us. We're just miserable.

The congressman is correct, it is "not our money", it belongs to the Federal Reserve Bank, it is, however, our CREDIT. We the people, are the suitors, the CURRENCY for the worthless Federal Reserve Notes printed or entered into account.

We have been debt slaves since the Gold theft of the 30's. We have been running on debt ever since, no amount of more debt will solve this problem. Not 700 billion, not 700 trillion, it is all debt, compounded with interest, no less.

Edit to add, to those who already posted these truths, +1 from me.



[edit on 20-11-2008 by freecell]

What I get out of this is that they are scared! I have heard so many crazy statements from our fearless leaders in the last few months it is beyond me.

When they gave out the money this summer they did it because they new the market was going down. And they where trying anything to get people spending.
Also , not our money? Well we sure have to pay it back,it is us that will owe the bill. Or and our kids.

These people are so far detached from what is real in the street where the rest of us live that they have no idea what is going on.
I have just come to the point I do not take what they say as the truth anymore.
From what I can see it is going to get a whole lot worse for us as a people.
And we will see more and more laws passed to protect them and the Money lenders from us. I may be wrong,but we will see I guess.

They have approved WHAT, $$$2,000,000,000.00 to bailout financial institutions, Why can't they send $25B of that money to the auto industry. If they can't spread the wealth, then they need to end all bailouts, can demand the money back, or tell the fed reserve that U.S. taxpayers are not going to pay them the money back.

They talk about starving the beast, well, the Fed Res is the beast, so why should U.S. workers be expected to pay the government the money to pay the Fed Res?

When the DOW drops down below a 1,000, then things will be right again.

Just to make sure they understand that it is our money I wrote both my senators and my representative. It wouldn't hurt if everyone wrote in and reminded them.

If it's not our money, then am I to assume that there will be no tax increases in the future to pay down the debt this government has spent us into? I'll be sure to let the young'n know she won't have to worry about paying high taxes when she's of the age to work.

this is not a democrat or republican issue. a huge majority of republicans feel that the auto industry should NOT be bailed out. a good portion *not as much* of democrats believe the same way. they personally know it is our money and when to draw the line, but ass hats such as the guy in this video should not be allowed within 100 miles of a government facility. Whos money is it idiot? i wish cavuto asked him that

The public has too great a vested interest in the affairs of our governance. It is constantly encroaching. The fact that we even distinguish the two is naive. In the end we comprise the same political union. Our tasks are differentiated, yes, but all parts are necessary and all parts must act distinctly. As soon as we decide to give up our power in the form of elected representatives we acknowledge that we will stay our hand, and in return we are given the privilege to enjoy our lives as we please, with music, entertainment, vacations, and the ability to pursue our own careers and life paths.

That interview was a clear misunderstanding. It was clearly just an issue of a generational gap in common knowledge. My god, has everyone forgotten the lessons of Plato? Has anyone even read him? If you haven't then you really don't deserve the respect of tolerance to your freedom of speech you so amply profess. You should be ashamed to be a part of this democratic country and yet be so ignorant of the entire concept.

Public hands in the domain of governance is a bad thing. Let them do with our taxes as they see fit. They are trained. They are more capable then you are. In fact, most of the time the public is the problem; not the other way around. We're fooling ourselves because of two basic misconstructions. Politicians aren't intrinsically corrupt. We corrupt our politicians for personal gain. Politicians aren't incompetent. But they are obligated, by social contract, to adhere the masses of the conflicting hypocrisies of its constituents' interests.

Our groveling hands are way too deep. However, I do disagree with the interviewee. The government should be smart enough to realize that we can't continue to bail out public interests. That's why we have politicians; so they can do what we would have otherwise done had we not been fully engaged in the trivialities of everyday life. But then again, the interviewer was being completely arrogant by asserting that that money was his money, was "our" money. He didn't need to be a such an ass. The interviewer basically insulted that politician's competence. You must have expected the answer to be fairly brash. And although it lacked foresight, it wasn't entirely wrong, and neither was it arrogant. A bit naive yes, but not arrogant.

In summary, you can obviously tell that he didn't really mean when he said "It isn't your money". It was an issue of generational dissidence, and a rather upset politician being told he's incapable of doing his job and retorting with a cynical remark.

[edit on 21-11-2008 by cognoscente]

Debt? what debt? lets just nuke em all and then see whose got debt. I've been playing a lot of Fallout 3 and it seems like a better world to live in than the real world we are currently stuck with. I'd rather roam a radioactive wasteland drinking out of toilets and eating the feral dogs I've cooked with my flamethrower. It's better than going to my soul crushing minimum wage job and paying taxes to a bunch of extortionists and liars in washington.

This doesn't surprise me at all.

Not only are the CEO's and bankers refusing to accept responsibility for the mess they've caused, the leaders approving the money to help them out are doing little to account for the relief they're giving. They obviously have little regard for the taxpaying public, they see this as their personal piggy bank.

The RBS in Scotland apologized to customers and shareholders for being in the position they are now in. They realized they made some terrible decisions.

In my view, if these companies and banks really wanted to survive, they'd beg and plead for help, while apologizing to the public, and CLEARLY stating what they intend to do.
As it is, they are asking for this money, directly threatening the population with unemployment if they are not given it, all while refusing to take any blame or make any personal sacrifices.

Likewise, the PTB are agreeing to various things on behalf of the public without telling the public what they are agreeing to. They are treating you as a slave and your money as their personal investment fund.

Again, it all comes back to leaders thinking that they are above the law, and that they can do whatever they like. They've forgotten that they are employed directly by the people, that the people are not here to serve them.
And the people have allowed this ideal to develop without argument over the last ten years.

This is only going to get worse. I honestly think that these companies will sink with or without that money. Those responsible will be immune to investigation, they'll simply vanish with that money while the gov't refuses to answer any questions.

I don't know about the mathematics, but wouldn't that money be better spent supporting the people who paid it to their government than propping up millionaires who resolutely refuse to give up their jets and mansions?

Originally posted by mazzroth
None of this really matters when you take into perspective the US Governments debt load, the only possible way that it can be repaid is to deflate your currency till the debt is manageable. Unless of course there is no intention of paying this back ? then all the International Banks would be demanding "Their" Money ...oh thats what the 700 Billion Bailout was for.

Do you realize that 'our' government no longer prints our money? It is created by that private British bank, the Federal Reserve, and LOANED to your government, at interest. So borrowing more money will never pay off any of the growing debt. And I believe that is why Kennedy was assassinated by the CIA, according to the death-bed confession of one Howard Hunt, on tape.

Originally posted by detachedindividual
This doesn't surprise me at all.

Not only are the CEO's and bankers refusing to accept responsibility for the mess they've caused, the leaders approving the money to help them out are doing little to account for the relief they're giving.
* * * * * * * * * *
In my view, if these companies and banks really wanted to survive, they'd beg and plead for help, while apologizing to the public, and CLEARLY stating what they intend to do.
As it is, they are asking for this money, directly threatening the population with unemployment if they are not given it, all while refusing to take any blame or make any personal sacrifices.

* * * * * * * * * * * * *

I don't know about the mathematics, but wouldn't that money be better spent supporting the people who paid it to their government than propping up millionaires who resolutely refuse to give up their jets and mansions?

It's the "little people" who work for these companies that will suffer the most. Whether their employers go into chapter 11 bankruptcy or whether they are bailed out, management will do anything to break the back of the UAW. Yes, the union gets decent wages and pensions for its workers, but neither of these things are what is causing the automakers to go under. It's stupid and/or reckless decisions at the top. God forbid that shareholders and CEO's should suffer. The "fat cats"in management are clamoring for an end to the unions, but the truth is no company ever went broke because they treated their workers too well.

I don't agree that pensions should go in the event of a bailout. The auto workers have worked all their lives for them and they shouldn't be penalized.