The Automotive Bailouts: The Other Side of the Story

I have been sitting here, trying to keep out of this. But I have sat and looked at the Republican and NeoConservative Spin on this Story and I’m sick of it. 😡

So, I am giving you, the other side of the story, from the horses mouth; without commentary from me.

I did not ask that you agree, I simply ask that you listen and hear this man out. Now I am almost sure, that the Blogs, that I have linked to, will remove my trackback, like the Neo-Con Fascists that they are. I mean, it is all about controlling the message with those guys.  🙄

Here we go:

Part 1:

Part 2:

Media Q & A:

Media Q & A Part 2:

Media Q & A Part 3:

There you have it. The other side of the story. You decide.

(Source UAW.ORG)

Quote of the Day

The fundamental problem of the incoming Obama Administration is that
their thinking is based on the very 2007 assumption that the
fundamental problem of scarcity was solved so now all we have to do is
redistribute wealth and reorganize society in a more SWPL fashion.
Instead, it turns out the Bush Boom was a Bush Bubble and we actually
have much bigger problems than the conventional wisdom of 2007 assumed.

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Quote of the Day – Pearl Harbor

A short comment is no place to settle the controversies that have raged ever since the attack about what Roosevelt and his chief subordinates knew in advance, but one thing has been known for a long time: however “dastardly” the attack might have been, it was anything but “unprovoked.” Indeed, even admirers and defenders of Roosevelt, such as Robert B. Stinnett and George Victor, have documented provocations aplenty. (See the former’s Day of Deceit: The Truth about FDR and Pearl Harbor and the latter’s The Pearl Harbor Myth: Rethinking the Unthinkable.)  On December 8, the same day that Roosevelt asked Congress for a declaration of war against Japan, former president Herbert Hoover wrote a private letter in which he remarked, “You and I know that this continuous putting pins in rattlesnakes finally got this country bitten.”

On the basis of facts accumulated over the past seven decades and available to anyone who cares to examine them, we are justified in saying that Hoover’s characterization of the war’s provocation was entirely accurate – both with regard to the Japanese imperial government as “rattlesnakes” and with regard to the U.S. government’s “putting pins in.” Indeed, we now have a much firmer basis for that characterization than Hoover could have had on December 8, 1941. Countless lies have been told, massive cover-ups have been staged, propaganda has flowed like a river, yet in this one regard, at least, the truth has undeniably been brought out.

Most American historians, of course, no longer bother to deny this truth. They simply take it in stride, presuming that the Japanese attack, by giving Roosevelt the public support he needed to bring the United States into the war against Germany through the “back door,” was a good thing for this country and for the world at large. Indeed, some actually shower the president with approbation for his mendacious maneuvering to wrench the American people away from their unsophisticated devotion to “isolationism.” In no small part, Roosevelt’s unrelenting dishonesty with the American people (Stanford University historian David M. Kennedy tactfully refers to the president’s “frequently cagey misrepresentations”) in 1940 and 1941 – plain enough if one reads nothing more than his pre-Pearl Harbor correspondence with Winston Churchill – is counted among his principal qualifications for “greatness” and for his (to my mind, incomprehensible) status as an American demigod.

I have noticed, however, that in polls of historians or lay persons to determine which presidents were “great,” the dead never have a vote. Lucky for Roosevelt.


Quote of the Day

Likewise, the paper “billionaires” of 1999—whose IPOs had yielded them options worth more than several African countries—were never anything like that rich. Their shares, which were “worth” $30 billion or something, were impossible to sell. The moment these 30-year-old hucksters started trying to unload the stocks, their value would plummet—based as it was on nothing. No profits, meager earnings, nothing more than the fantasy that a “greater fool” would come along to pay hundreds of millions for shares in a company that sold Hindu devotional mousepads made from recycled condoms. In the end, we ran out of fools.

So as I use my quarterly 401(k) statement to clean up after the beagles, I console myself with the thought that the annual gains of 25% which they earned throughout the 90s never really existed. They were promises of consumption, based not on previous savings, but the hope of future loans. Faery, insubstantial creatures of light and air, which vanished with the first ray of the dawn. The beagles, at least, are real.

Quote of the Day

As someone from McCarthy’s home state, let me just say that while McCarthy was not wrong in saying there were Communists in government warning us about this, his scattershot, reckless approach made it easy for the powers that be to destroy him and make a characiture out of him. I also don’t think Gabler’s wrong in saying that a style of politics sprung forth from McCarthy (although one could say it predates all the way back to Nxon’s first campaign for Congress in 1946. ) but he should know that when elities operate in backrooms and make policies that could kill young American boys and now girls in battle and some of those people in the room are agents for a foreign power trying to get the U.S. to fight their battles for them, then why should it be so suprising that a populist figure from outside the establishment comes along to turnover the furnitiure inside the Clubhouse and say all little emperors and empresses wear no clothes. McCarthy and McCarthyism was never a vacumn to one’s self. It reflected people’s concerns over the conduct of U.S. foreign policy and the tendency for elities to shut out the voices of many of the country’s citizens when that policy is being made. McCarthy may well have been on the wrong side of history, but he was not afraid to, as he put it “call a spade a spade.”


Quote of the Day

Wounded and enraged by the atrocities of 9-11, America lashed out, first at Afghanistan and the al-Qaida source of the conspiracy, then at Iraq, which had nothing to do with the attacks. Thus did the Bush administration disunite its nation and forfeit its mandate.

For India to lash out at a Pakistan that was not complicit in the Mumbai crimes against humanity, but harbors elements within that are guilty and are celebrating, would be as great a mistake.

India and Pakistan both have a vital interest in no new war.

But a new war is exactly what the terrorists killed for and died for.

Should it come, they win — and enter history as revolutionary terrorists alongside Princip and the perpetrators of 9-11.


Quote of the Day

A family man in America’s condition, awash in debt, spending more than he makes, would cut back consumption, find a second job and get out of debt. Or declare bankruptcy, accept the shame and humiliation, change his wastrel ways and start anew.

Is it different for a nation?

Yet we seem to believe we can borrow and spend our way out of a swamp of unpayable debt into which borrowing and spending have plunged us.

We are headed either for default on our debts and bankruptcy as a nation, or something less honorable: a quiet cheapening of the debts we have incurred by inflating and destroying the dollar, robbing our creditors of what we owe them and robbing our own people of the value of what they have earned. And so it has come to this.

What would the Founding Fathers think of us now?


Quote of the Day

This is America today—a country that is losing its ability to manufacture things but has to continue to pander to rich Arabs and the Chinese Communists for money just to survive. In addition to our jobs, savings and investments, it looks like our sovereignty and national pride are being sacrificed as part of this process.


Quote of the Day

Conservatives were called racist for opposing immigration policies pushed by the Bush administration, other Big-Government Republicans and Democrats. The wrong immigration policy, under which people here unlawfully would receive benefits at taxpayer expense, would also allow them to steal jobs from low-income Americans, and would be a slap in the face to immigrants who came to America legally through a long and sometimes expensive process.

Conservatism is a threat to liberalism because bigotry is counterproductive to conservatives, but is a cornerstone of liberalism. Economic conservatism values the productivity, work, intelligence, integrity, motivation and other virtues of the individual. Religious conservatism is based in the fundamental premise that we are all born of equal value in the eyes of God.

Liberals who evade the merits of policy arguments by resorting to calling white conservatives “racists” or African-American conservatives “Uncle Toms” don’t merely demonstrate their own ignorance, they cheapen the cause against real racism.

Sunday Afternoon Snort Worthy Quote

Responding to Sophia A. Nelson’s lament about how the Republican Party has not sucked up Pandered to the African-American race. Oliver Willis quips, “They don’t want your black ass!”

Just about made Coffee shoot right out of my nose! 😆

Thanks Oliver, I needed the laugh. 😀