Dear Fawked Up. From Senator Levin - GoFuckYourself.com

Barefootsies · 11-20-2008, 11:04 AM

Dear FawkedUp Foo:

Immediate support is needed to shore up our automotive manufacturing sector and to preserve the more than 2.5 million jobs directly and indirectly linked to the U.S. auto industry. This morning, I testified in front of the House Financial Services Committee to emphasize the need for Congress to take swift action on behalf of our nation?s automakers. Standing idly by as the financial crisis decimates our domestic manufacturing capabilities and pulls our fragile economy further into recession is unacceptable.

Throughout the world, the dire financial crisis continues to spur governments to provide assistance to their manufacturing industries, which are not able to obtain the credit they so vitally need to continue operations. Both Germany and the European Union are studying the possibility of providing support for their automotive industries. Australia has provided more than $4 billion in funding for its vehicle manufacturers. Automotive manufacturers in China are already voicing their expectation of financial assistance from their government as well. ?The Chinese government will undoubtedly support us,? says She Cairong, general manager of JAC Motors, a Chinese automobile manufacturer. This quote appeared in a New York Times article this morning, highlighting China?s consideration of a plan to provide assistance to its domestic automobile companies.

The spotlight is now focused on Congress, which is considering the possibility of rescuing the industry from an economic downturn not of its own making. President-elect Obama has called the U.S. auto industry ?the backbone of American manufacturing? and said that the failure of our domestic automakers would be ?a disaster? for our economy. President Bush, Speaker Pelosi, and both the Majority and Minority Leaders of the Senate agree that bridge loans for our domestic automakers are necessary at this time. I will continue to work with my colleagues in the Senate and the Congressional Leadership to come up with a plan that would provide auto manufacturers with the bridge loans they need to weather this financial storm.

You can read the transcript of my testimony before the House Financial Services Committee by clicking on the following link: [http://levin.senate.gov/newsroom/release.cfm?id=305099]. During these difficult times, I am doing everything within my power to convince the Congress to provide the bridge loans for the domestic auto industry that the President, the President-elect and the leaders from both houses of Congress support.

Sincerely,
Carl Levin

jwerd · 11-20-2008, 11:10 AM

Bailouts for all!

farkedup · 11-20-2008, 03:30 PM

Quote:

Originally Posted by lamerhooD

Bailouts for all!

where the hell is my bailout?

Time to max out all my credit cards and file bankruptcy! that'll teach them for continually giving me a higher credit line!

Helix · 11-20-2008, 03:34 PM

That reads like "The other kids get one, I want one too". lol

GetSCORECash · 11-20-2008, 05:22 PM

Quote:

Originally Posted by Helix

That reads like "The other kids get one, I want one too". lol

The whole China crap...

Did anyone mention that GMAC, GM's Financial arm, will soon be a bank, inorder for them to get part of 700 Billion, bail out money! Even more cash for them!

happy, happy, joy, joy!

tony286 · 11-20-2008, 05:45 PM

how does bridge loan=bailout?

DaddyHalbucks · 11-20-2008, 09:14 PM

Don't bail out anyone. Let the market decide where to allocate money, it is far more accurate and non-biased than Democrat bureaucrats in Washington.

11-20-2008, 11:04 AM	#1
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Dear Fawked Up. From Senator Levin Dear FawkedUp Foo: Immediate support is needed to shore up our automotive manufacturing sector and to preserve the more than 2.5 million jobs directly and indirectly linked to the U.S. auto industry. This morning, I testified in front of the House Financial Services Committee to emphasize the need for Congress to take swift action on behalf of our nation?s automakers. Standing idly by as the financial crisis decimates our domestic manufacturing capabilities and pulls our fragile economy further into recession is unacceptable. Throughout the world, the dire financial crisis continues to spur governments to provide assistance to their manufacturing industries, which are not able to obtain the credit they so vitally need to continue operations. Both Germany and the European Union are studying the possibility of providing support for their automotive industries. Australia has provided more than $4 billion in funding for its vehicle manufacturers. Automotive manufacturers in China are already voicing their expectation of financial assistance from their government as well. ?The Chinese government will undoubtedly support us,? says She Cairong, general manager of JAC Motors, a Chinese automobile manufacturer. This quote appeared in a New York Times article this morning, highlighting China?s consideration of a plan to provide assistance to its domestic automobile companies. The spotlight is now focused on Congress, which is considering the possibility of rescuing the industry from an economic downturn not of its own making. President-elect Obama has called the U.S. auto industry ?the backbone of American manufacturing? and said that the failure of our domestic automakers would be ?a disaster? for our economy. President Bush, Speaker Pelosi, and both the Majority and Minority Leaders of the Senate agree that bridge loans for our domestic automakers are necessary at this time. I will continue to work with my colleagues in the Senate and the Congressional Leadership to come up with a plan that would provide auto manufacturers with the bridge loans they need to weather this financial storm. You can read the transcript of my testimony before the House Financial Services Committee by clicking on the following link: [http://levin.senate.gov/newsroom/release.cfm?id=305099]. During these difficult times, I am doing everything within my power to convince the Congress to provide the bridge loans for the domestic auto industry that the President, the President-elect and the leaders from both houses of Congress support. Sincerely, Carl Levin __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

11-20-2008, 11:10 AM	#2
jwerd Confirmed User Industry Role: Join Date: Jun 2003 Location: Costa Rica Posts: 1,953	Bailouts for all! __________________ Yii Framework Guru - Seasoned PHP vet - Partner @ XXXCoupon.com

11-20-2008, 03:34 PM	#4
Helix Confirmed User Join Date: Feb 2002 Location: Michigan Posts: 5,942	That reads like "The other kids get one, I want one too". lol __________________ Free jscott !!! Free OneHungLo !!! Free Baddog !!!

11-20-2008, 09:14 PM	#7
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	Don't bail out anyone. Let the market decide where to allocate money, it is far more accurate and non-biased than Democrat bureaucrats in Washington. __________________ Boner Money

11-20-2008, 05:45 PM	#6
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	how does bridge loan=bailout?