President Bush Shoots America the Finger
 

"I know the people dont want this... but im doing it anyway" President Bush said with the stroke of a pen, signing over 14.4 billion dollars of our money to these anal sphincters :nope:

It is officially time for our government to be removed... again

That's twice now. First time, "The Constitution is just a GD piece of paper".

He has sold us down the river to the globalists, and now this.

3rd times acharm to me. Grab my flag with the stars in a circle, and the other one with an eastern diamond back on it with the caption DON"T TREAD ON ME on it, and my musket.

Would be nice to have a reference for us non-US ppl to check whats this all about. ;)

http://www.reuters.com/article/ousiv...15512620081219

History is going to be very unkind to this administration.

PD

They are attempting to blame the president for signing an auto maker bailout bill created and sent to him by a Democrat controlled Congress.

Yea verily...Especially the finance committee that has been Dems for quite awhile now.

I'm glad Bush pushed through this emergency loan package for the auto industry. It may have something to do with the 5000 shares of Ford (F) stock I bought 11/25, ;) but I also think the US needs a viable auto industry. We cannot keep shutting down all our industries, people. Pretty soon all we'll have left are Wal-Mart, Starbucks, and McDonalds.

I have less than no respect for most American companies but keeping them in business is directly related with keeping the global economy from going to bits

Right you are. The way I see it now, the America's car industry's main customers are americans. And that's the problem. Take BMW or Audi for example, they are very popular all over the world. There's huge market for European and Japanese cars, while the US cars get only a little share of it. They should start to build less "american dream" cars and instead build cars that sell well worldwide.

This bill was blocked by the Senate. There was no bill sent to him, if I understand correctly. He is effectively going around the legislature that blocked this.

PD

Which they have failed to do since the first bailout in 1979. We are not a manufacturing nation anymore. We ARE a service economy. Giving companies that have proved themselves unable to compete in the market for the past couple of decades billions of dollars of its citizens' money AFTER it failed to move through the legislature is simply irresponsible.

PD

The free market dictates we do EXACTLY that when we are unable to produce things here for less money than Mexico or China can. Either socialize our auto manufacturing base completely or let it burn. A loan to keep them going is ridiculous.

PD

Supposedly, it's a loan that allows the governemnt to take shares of the companies if they don't repay them. Nice idea, President ShoeDodger, what good are shares of a worthless company after they blow the loan and don't change their ways?

Can't be done according to the Constitution. Congress is the holder of the national purse strings. If he's actually spending this money it's with their approval.

Wait what? Bush took yet another big steamy dump all over America?

Here, give me a minute. I am going to have to rehearse a little but so I can look like I am surprised.....

Your President Elect as well as the Congressional Democrat leadership wants the same exact thing so I guess it's actually the Democrats who are "taking yet another big steamy dump all over America".

I believe he is diverting money from the already passed $750 billion bailout. But while the auto bailout has many elements of the one the House passed, it never got past the Senate. And therefore never made it to Bush's desk.

PD

He still has to be doing it with the Congressional leaderships approval (as well as that of the President-Elect) or they could block him.

Unfortunately it would be all too typical of Congress to abrogate their constitutional responsibilities in this manner.

Well, look at the bright side Neal, we can be a nation of hyperactive obese people wearing really cheap stretch band sweats...:D

Yeah, according to this article:

"The money will be drawn from the Troubled Asset Relief Program and the automakers will get an additional $4 billion from the fund in February, according to a statement from the Bush administration. The money would allow GM and Chrysler to keep operating until March."

This "rescue" is one huge cluster*******.

http://en.wikipedia.org/wiki/United_...ilization_fund

And from that wikipedia article:
"However, the Treasury currently lacks the statutory authority to direct TARP funds to the automakers under the statute passed by Congress. TARP is clearly limited to “financial institutions" under Section 102 of the TARP. Suggestions for providing TARP funds to automaker's financing operations, such as GMAC, runs counter to the intent of Congress for limiting TARP funds to true "financial institutions" in the first place.[8] On December 19th, 2008, President Bush used his executive authority to declare that TARP funds may be spent on any program he personally deems necessary to avert the financial crisis, and declared Section 102 to be nonbinding."

PD