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House Approves $25 Billion of “Low Cost Loans” for Carmakers
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Bernard Simon
Financial Times
September 25, 2008
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The House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers and their suppliers finance plant modernisation at a time of restricted access to public capital markets.
The automotive loans are separate from the proposed $700bn bail-out for the banking sector, which is still being debated in Congress. The House approved the measure 370-58, setting the stage for Senate approval within days.
The industry’s case has been helped by the fact that Michigan and Ohio, the two states most dependent on the car industry, are key swing states in the November 4 presidential election.
Executives of General Motors, Ford Motor and Chrysler and their suppliers have lobbied heavily for the loans. Both presidential candidates, John McCain and Barack Obama, have expressed support.
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September 25th, 2008 at 11:42 am
If only the American middle class could get “LOW COST LOANS” hell they might actually sell more cars ey?
September 25th, 2008 at 11:46 am
Chrysler? why them? they operate in Canada.
September 25th, 2008 at 11:47 am
The airlines are next people?
they will control everything.
and the american people will say yes to it.
September 25th, 2008 at 12:01 pm
I am looking for like minded people who research all of these topics and have something to say. I am trying to put together a team of writers to write for http://www.TransparentAmerica.com.
Help me change the world. If your smart and you spend a a lot time researching the world today and yesterday and you have a little bit of journalism experience please contact me @ mjes421 (at) msn (dot) com.
Lets band together to educate the world along with Alex Jones.
Alex cant do it all on his own. He WANTS US to take his example and move on it not just and be scared in our boots. We gotta stop this now..Thanks
September 25th, 2008 at 12:02 pm
Chrysler is a part of Dodge doesnt matter they all are in bed with each other, for the planes your right!
September 25th, 2008 at 12:05 pm
THIS IS a really great video of an Obama supporter waking up right before our eyes:
Analyzing Obama’s Berlin Speech as a call for New World Oder? This is a great thinking person
who is very concerned by what he hears Obama saying!
Send to your Democrat friends.
http://www.youtube.com/watch?v.....re=related
September 25th, 2008 at 12:05 pm
the airlines are next?
September 25th, 2008 at 12:18 pm
I’m going down to pick up my shiny new model tomorrow… after all… I’m paying for it.
September 25th, 2008 at 12:30 pm
It should bother many of you that you are the exact personification of satan, who in his dispicable fallen state stands in judgement and accuses day and night those who have already recieved forgiveness. Rev 12:9 And the great dragon was cast out, that old serpent, called the Devil, and Satan, which deceiveth the whole world: he was cast out into the earth, and his angels were cast out with him.
And I heard a loud voice saying in heaven, Now is come salvation, and strength, and the kingdom of our God, and the power of his Christ: for the accuser of our brethren is cast down, which accused them before our God day and night. Psalm 2:1Why do the heathen rage, and the people imagine a vain thing? The kings of the earth set themselves, and the rulers take counsel together, against the LORD, and against his anointed, saying, Let us break their bands asunder, and cast away their cords from us. 2 thess 2 Even him, whose coming is after the working of Satan with all power and signs and lying wonders, And with all deceivableness of unrighteousness in them that perish; because they received not the love of the truth, that they might be saved. And for this cause God shall send them strong delusion, that they should believe a lie: That they all might be damned who believed not the truth, but had pleasure in unrighteousness. Rev 19:11 And I saw heaven opened, and behold a white horse; and he that sat upon him was called Faithful and True, and in righteousness HE doth JUDGE and MAKE WAR. 19:19 And I saw the beast, and the KINGS of the EARTH, and their armies, gathered together to make war against him that sat on the horse, and against his army. And the beast was taken, and with him the false prophet that wrought miracles before him, with which he deceived them that had received the mark of the beast, and them that worshipped his image. These both were cast alive into a lake of fire burning with brimstone. And the remnant were slain with the sword of him that sat upon the horse, which sword proceeded out of his mouth: and all the fowls were filled with their flesh. Rev 20:11 And I saw a great white throne, and him that sat on it, from whose face the earth and the heaven fled away; and there was found no place for them. And I saw the dead, small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works.
September 25th, 2008 at 12:52 pm
Now the Big Three will have the money to build factories in Mexico and overseas. Corporate welfare at it’s best!
September 25th, 2008 at 2:47 pm
give them loans as long as they stay and us the money in the us but that would be to sensible we have to remember this is the raping of america
September 25th, 2008 at 3:17 pm
Wht do they need a BAILOUT? Because AMERICAN CARS AND TRUCKS ARE SHIT!
Best car is my present one. A 2002 VW Jetta DIESEL! Fast and OVER 60 MPG
Best truck I have ever owned? An used imported one from JAPAN! 1991 Isuzu Elf 2 Ton Cabover.Fits in same parking space as a Ford Ranger and gets 27MPG on Used Cooking OIL!
September 25th, 2008 at 3:35 pm
won’t ever buy another one…….. I’ll walk
September 25th, 2008 at 4:51 pm
time to cowboy up and buy a horse YYYYYYYYYYEEEEEEEEEHHHHHHHHHAAAAAAAAA
September 25th, 2008 at 4:54 pm
#12 I agree with you.
my ‘99 Jetta gets 50+ mpg and doesn’t even require tune-ups!
Take any 2009 american car with zero miles on it–it’s about as reliable as any other american car in the early 90’s.
This bailout bullshit is stunning. What happens when YOU cannot pay your mortgage or car payment? You get it taken away from you, but not before you get calls all day and night from the collectors asking for the money. Now that WE have bailed all these million dollar salaried fucks, I think we should start calling them at their homes asking for the money back!
September 25th, 2008 at 5:57 pm
Everyone on INFOWARS listen carefully. Go and Google “Support H.R. 2755″. This resolution was introduced by none other than Ron Paul and is known as the “Federal Reserve Board Abolition Act” which will repeal the Federal Reserve Act and abolish the US Federal Reserve at the end of 1 year after its passing into law. Everybody go start blogging and e-mailing everyone you know with this info. It’s time for everyone to write your local and state officials as well as your congress and urge them to support this resolution. Lets do this.
September 25th, 2008 at 6:09 pm
The usual people who started and ran the Money Bombs for both Ron Paul and I believe did for Alex Jones also, are now attempting to run one for a chosen third party candidate if they get enough signed up backers. Now that a candidate seems to have become the most preferred, I recommend going to this website………
http://www.thirdpartyticket.com/
It is called “Third Party Ticket”. This is the central point at this time, even though it was not known that it would be because of Dr. Paul’s Chuck Baldwin endorsement since it started last week, that will get anything as a group that is organized done. Go there and read about it and become part of it. Tnx.
Rhonda
September 25th, 2008 at 6:48 pm
let me guess they need money to build more factories in china to make piece of shit cars that nobody wants to buy , get a clue make a descent car and they will buy { see toyota} oh but why bother when the govt. will come to your rescue
September 25th, 2008 at 6:53 pm
toyota 4 cyl pu owner 155000 miles and has never left me stranded like ford chevy or chrysler , and before that 83 toyote pu 250000 miles on it never left me stranded and i sold it , it is probably still on the road
September 26th, 2008 at 12:17 am
The Chinese have stated their will no longer buy banks will no longer buy USA treasury notes; so where does all this money come from? The American empire is done. The dollar is toast…welcome to martial law, FEMA prisons, civil unrest, and hell on earth.
September 26th, 2008 at 3:37 am
Banks get bail outs, car makers get loans; we get arrested and harassed and have to pay the bill. There is plenty of money being spent on our foreign policy. The establishment just sent Georgia, the country, a billion $ while we twist in the wind. Countries don’t’ run out of money. The establishment is stealing the money from us.
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