Why Democrats gave Big Three a reprieve, page 1

Why Democrats gave Big Three a reprieve

www.msnbc.msn.com

In the wake of this disaster, it would have been political poison for the Democratic-controlled Congress to hand them a $25 billion subsidy to stay afloat.
Senate Majority Leader Harry Reid knew he did not have the 60 votes needed to overcome a likely filibuster against the bailout.

He also knew that any "bailout" is likely to be unpopular right now. The $700 billion bailout, or rescue plan, for financial firms has become even more unpopular than it was when Congress passed it last month.

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[edit on 11/20/2008 by maria_stardust]

The thing that really has my pissed is that no one is saying where in the hell any of this money(s) is coming from.
Having read numerous posts from all of you it seems that this is the question that no one is asking.
Does the government just have this lying around or is this $$$ to be raised by selling more of the US to China via bonds and securities?? Are all of our taxes going to go thru the roof?? Is the Treasury Dept. simply going to print more paper??
No politician that I've read about or read about seems to have the guts to talk about this.
As for Detroit, the hell with those greedy idiots. Combine all of the "Big Three" into one company...USA Auto's...end of story.
I'd also like to state on the record that all of the nonsense models be shelved.
Example...A Lincoln Navigator is just a "Super" Ford Expedition. Enough of that kind of thinking..just make one brand of truck of that size and make the models basic to blinged up with out having two separate divisions to sell your products.
So tired of this nonsense in Detroit.

www.msnbc.msn.com
(visit the link for the full news article)

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Please review link: Breaking Alternative News guidelines


[edit on 11/20/2008 by maria_stardust]

reply to post by wolf241e

---

They aren't answering where the money is coming from because no one wants people to know about the Federal reserve. The federal reserve is a private company whose share holders are all these banking firms and corporations. When they ask for money the federal reserve prints money for it. The $25 billion came from the federal reserve.

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