Pretty much sum's the whole thing up really.

Didn't that get cancelled in the end?


Funny pic though

Quote from Crashgate3 :

Didn't that get cancelled in the end?

That's what I was thinking, too I thought the government refused to bail them out. And with good cause.

Nope.
It's down to $17.4 billion though, so obviously that doesn't matter to anyone.

That works out as about $57 per capita, but obviously that can be roughly doubled to discount non-taxpayers. Nice work if you can get it.

The American car industry MUST fail in order for the American economy to recover.

It's imperrative America builds it's industry around viable practices in industries in which it can compete internationally. This belief that their "great empire" is worth holding on to is ultimately what is sticking the knife in.

For America to come out the other side of this depression it must build an economy that is sustainable without cash injections from the state and massive inflation.

And yes, the joker part of me wants to highlight telephone sanitation as an ideal industry. The serious part of me though says that America needs to focus on things like telephone sanitation...

They cannot hope to build a car and sell it for under $5000. Cars from the East are going to arrive at these prices soon. Sure no thrills no spills entry level cars, but social responsibility is slowly pushing the market that way anyway. Long term America cannot afford to compete in the car industry, or any other mass-production consumer sector. This is the sector that the developing world always has and always will be strongest in.

Fighting and holding onto an industry that is ailing, dead, and causing the country inflation is helping nobody. It is exageratting the burdens and difficulties that Western countries will face when we try to come out the other side of this crisis.

America is the biggest welfare state going so they'll have to completely reassess they're whole corporate direction to change that and that's the only thing that will change to US economy. And as it's corporate welfare then I don't expect to see it change ever.

How much 'funny money' has the Fed created to suddenly have this much 'cash' that they can give to their corporate mates so they can still get their golden parachutes out of the corrupt mess they've created. ?

Everytime in the past when money's been created it's led to hyperinflation and frequently complete collapse. As examples, Germany post 1918 and Zimbabwe today.

And remember, if the Fed creates money that is nothing to do with the US Govt, the Fed, you must remember is a private company, at last check at least 8 of the board are Rothchilds or immediate family. I wonder what their agenda is ?

The following may be of interest to anyone who's as cynical as I am, see if you can count the number of Bilderbergers, Members of the Council for Foreign Relations, ( a fascinating group, google them ! ) or members ( or ex ) of the Federal Reserve in Obama's cabal. Good to see Amerika's in for a change !
Who called the black man a puppet ?

1. TIMOTHY GEITHNER – TREASURY SECRETARY

Bilderberg, Council on Foreign Relations, Trilateral Commission, president and CEO of Federal Reserve Bank of New York, director of policy development for IMF, member Group of Thirty (G30), employed at Kissinger & Associates, architect of the recent 2008 financial bailouts, mentored by Lawrence Summers and Robert Rubin.

2. PAUL VOLCKER – ECONOMIC RECOVERY ADVISORY BOARD

Bilderberg, Council on Foreign Relations, North American chairman of Trilateral Commission, Federal Reserve chairman during Carter and Reagan administrations, president of Federal Reserve Bank of New York, G30 member, chairman Rothschild Wolfensohn Company, key figure in the collapse of the gold standard during the Nixon administration, longtime associate of the Rockefeller family.

3. RAHM EMANUEL – CHIEF OF STAFF

Member of Israeli Defense Force, staunch Zionist, congressman, Board of Directors for Freddie Mac, member of Bill Clinton’s finance campaign committee, made $16.2 million during 2.5 years as an investment banker for Wasserstein Perella. His father was a member of the Israeli Irgun terrorist group.

4. LAWRENCE SUMMERS – NATIONAL ECONOMIC COUNCIL

Bilderberg, Council on Foreign Relations, Trilateral Commission, treasury secretary during Clinton administration, chief economist at World Bank, former president of Harvard University, Brookings Institute board member, huge proponent of globalization while working for the IMF, prot�g� of David Rockefeller, mentored by Robert Rubin.

5. DAVID AXELROD – SENIOR ADVISOR

Political consultant whose past clients include Sens. Hillary Clinton, John Edwards and Christopher Dodd; main Obama fixer in the William Ayers and Reverend Wright scandals.

6. HILLARY CLINTON – SECRETARY OF STATE

Bilderberg, Council on Foreign Relations, Trilateral Commission, clandestine CIA asset used to infiltrate the anti-war movement at Yale University and the Watergate hearings, senior partner at the Rose Law Firm, key figure in the Mena drug trafficking affair, architect of the Waco disaster, implicated in the murder/ cover-up of Vince Foster, and many other deaths.

7. JOSEPH BIDEN – VICE PRESIDENT

Bilderberg, Council on Foreign Relations, U.S. Senator since 1972, member of the Senate Judiciary Committee, current chairman of the U.S. Senate Committee on Foreign Relations, strong Zionist sympathizer who recently told Rabbi Mark S. Golub of Shalom TV, “I am a Zionist. You don’t have to be a Jew to be a Zionist.”

8. BILL RICHARDSON – COMMERCE SECRETARY

Bilderberg, Council on Foreign Relations, former U.S. congressman, chairman of the Democratic National Convention in 2004, employee of Kissinger Associates, UN ambassador, governor of New Mexico, energy secretary, major player in the Monica Lewinsky cover-up with Bilderberg luminary Vernon Jordan.

9. ROBERT GATES – DEFENSE SECRETARY

Bilderberg, Council on Foreign Relations, former CIA Director, defense secretary under President Bush, co-chaired CFR task force with Zbigniew Brzezinski, knee-deep in the Iran-Contra scandal, named in a 1999 class action lawsuit pertaining to the Mena drug trafficking affair.

10. TOM DASCHLE – HEALTH SECRETARY

Bilderberg, Council on Foreign Relations, former Senate majority leader, Citibank lackey, mentored by Robert Rubin.

11. ERIC HOLDER – ATTORNEY GENERAL

Key person in the pardon of racketeer Marc Rich, deputy attorney general under Janet Reno, facilitated the pardon of 16 Puerto Rican FALN terrorists under Bill Clinton.

12. JANET NAPOLITANO – HOMELAND SECURITY DIRECTOR

Council on Foreign Relations, Arizona governor, attorney for Anita Hill during the Clarence Thomas hearings, U.S. attorney during the Clinton administration, instrumental in the OKC cover-up, where she declared, “We’ll pursue every bit of evidence and every lead,” described as another Janet Reno, soft on illegal immigration (i.e. pro-amnesty and drivers licenses to illegals).

13. GEN. JAMES L. JONES – NATIONAL SECURITY ADVISOR

Bilderberg, Trilateral Commission, European supreme allied commander, special envoy for Middle-East Security during Bush administration, board of directors for Chevron and Boeing, NATO commander, member of Brent Scowcroft’s Institute for International Affairs along with Zbigniew Brzezinski, Bobby Ray Inman, Bilderberg luminary Henry Kissinger and former CIA Director John Deutch.

14. SUSAN RICE – U.N. AMBASSADOR

Council on Foreign Relations, Rhodes scholar, campaign foreign policy advisor to presidential candidates John Kerry and Michael Dukakis, member of Bill Clinton’s National Security Council and assistant secretary of state for Africa, member of the Brookings Institute (funded by the Ford Foundation and the Rockefellers), and member of the Aspen Strategy Group (teeming with Bilderberg insiders such as Richard Armitage, Brent Scowcroft, and Madeleine Albright).

The thing is that GM and Ford are actually making some awesome cars ATM. Like the Vauxhall Zafira, Ford Focus, Ford Fiesta, Ford Galaxy, Ford C-MAX, Ford S-MAX, Ford Mondeo, Vauxhall VXR8, Vauxhall Insignia and the Corvette Z06.

In this country they are, and they sell pretty well in Europe. It's in the US (where most of their market is) they're having trouble. Up until recently they've wanted massive boats rather than compacts and coupes the size of the Focus and Fiesta. And that's what they've made.

But of course the oil prices earlier this year and now the global recession means that people are now looking for smaller and far more economical cars, so they're not buying muscle cars and trucks. And somehow their market analysts totally failed to see this coming. So now, rather than yoink some Focuses back from Europe to try and sell, they're getting money from the public via the method on Racer X's poster.

That's capitalism. Wait, no it's not.

From what I understand, if the Gov. had decided to give every person over 18 in the US an equal share of the original bailout, they would have gotten over 200,000$ EACH!! How could that do anything other then help? People are dumb enough here that they might actually start buying US cars again. It kinda pisses me off how interdependent everything is. One GM plant just shut down near me (Moraine, Ohio), and driving through there the other day, at rush hour, there was almost no traffic. It was like a ghost town. Kind of sad if you ask me.

Also, not to change the subject, but whats the news on bailing out Jag? I would assume that got shot down quickly by some people with some sense.

Nothing has been agreed regarding a Jaguar/Land Rover loan (the speculated amount was £667M, a third of a billion) - it appears that Tata aren't in as bad a situation as Ford, GM and Chrysler. They actually could be profitable in the long run - unlike the Big Three and Woolworth's (some muppets suggested they should bail them out, but they could never become profitable, the only thing worth getting there was pick and mix).

^^^^
Thanks My personal thought is that they should not bail them out, instead put that money to use on different job creating projects (like PWA and CCC of the great depression). Unfortunately, I think thats a bit unrealistic. I think Canada's offer should show how interdependent everything is. Talk about not diversifying.