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alstry (35.16)

What the President forgot to say

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September 25, 2008 – Comments (6)

President George W. Bush on Wednesday warned Americans and legislators reluctant to pass a historic financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed business and "a long and painful recession."

What the President didn't tell you is if we pass the banking only bailout bill, not only would the above happen but we would collapse into the largest depression this nation has ever experienced.

Notice nobody tells what happens to you if only the banks are bailed out.

6 Comments – Post Your Own

#1) On September 25, 2008 at 12:59 AM, BradAllenton (31.30) wrote:

More like "when only the banks are bailed out"

People fall for the fear mongering crap hook line and sinker. Soon the bill will pass and look like it is the peoples idea.

(just like the drilling move, punish people with crazy manipulated gas prices for a few years and then ask if they think off shore drilling is a good idea)

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#2) On September 25, 2008 at 1:24 AM, alstry (35.16) wrote:

THIS IS WHAT HAPPENS WHEN WEALTH IS CONCENTRATED INTO A FEW HANDS

Bill Heard Chevrolet of Sanford closed its doors at the end of business Wednesday, part of a shutdown of all 13 of the Georgia-based Bill Heard Enterprises dealerships nationwide.

Whether the store will reopen under new management, or by Chevrolet itself, remains to be seen.

According to a statement from Bill Heard Enterprises about 2,700 employees will be affected by the closings.

Bill Heard Enterprises, based in Columbus, Ga., ranks No. 13 on Automotive News' list of the top 125 U.S. dealership groups, with 2007 group revenue of $2.13 billion. It is the world's top-selling Chevrolet dealership.

For the past six months I have been documenting more and more closings around America.  Unemployment in CA is approaching 8%. 

America's success was based on wealth being spread accross the entire social strata....now it is forcibly being concentrated into a few hands and the contraction will continue to accellerate as we move forward.

Once the few have all ...the money will be shipped overseas where capitalism is flourishing and Americans will be left to fend for scraps.

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#3) On September 25, 2008 at 2:18 AM, goldminingXpert (29.41) wrote:

Brad... got a side order of tin foil with your lunacy combo meal?? Saudi's run the price of oil... Americans have little to no control over oil price other than using our own endowment. Exxon has about as much control over the price of gas as I have control over how many super bowls the Patriots win.

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#4) On September 25, 2008 at 7:23 AM, devoish (98.66) wrote:

Gmx,

American demand still drives the price of oil. The Saudi's and OPEC are 13% of supply. If you want lower priced oil stop burning it. Get your energy from renewable sources. Carpool.

Al Gore says we can do it, and he is much more a decent man than George Bush.

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#5) On September 25, 2008 at 8:52 AM, givmeabreak (28.98) wrote:

Yeah Al Gore is a really decent guy. Uses 27 more electricity than the average tennesseean, and lectures us on green matters. And what about the company that he stands to profit from on carbon offsets?

Don't get me wrong, GW and a strong argument don't go together either, but Al Gore is weak to use for any reference, especially regarding energy.

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#6) On September 25, 2008 at 9:13 AM, devoish (98.66) wrote:

givmeabreak,

Al Gore has done more good than you. So has the Sierra Club, National Resorces Defense Council, Environmental Working Group and the Organic Consumers Association.

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