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24HourForums.com > The Top 10 Supported Forums > 24's Political Matters > GOP congressman: 'It is not your money' |
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Robodoon Original500© Member  God Fearing Patriot
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GOP congressman: 'It is not your money' Michigan lawmaker trying to help Detroit makes stunning statement about tax dollars Posted: November 19, 2008 7:58 pm Eastern By Joe Kovacs © 2008 WorldNetDaily A Republican congressman seeking a $25 billion bailout of the troubled U.S. auto industry made a stunning statement about taxpayer funds to benefit Detroit, claiming, "It is not your money." Rep. Joe Knollenberg, R-Mich., made the remark during a discussion with Fox News anchor Neil Cavuto yesterday as the pair debated sending billions of federal dollars to prop up the Big Three carmakers. Continued
 "...we are part of a secret cabal working against the best interests of the US, ...conspiring with others around the world to build ...-- one world, if you will. If that's the charge, I stand guilty, and I am proud of it." David Rockefeller |
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pmh1nic Pioneer100© Member 
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The U.S. economy is about to face the realities of fundamental economic principles that the geniuses in our government have jumped through hoops for the last 30 or 40 years in an attempt to successfully violate. Increasing debt cannot forever make up for greed, waste and fraud. Our advantages in technology, and the time that it took the current global economy to emerge, allowed us the luxury of violating this principle for some time now but the king is about to discover he is wearing no clothes. Congress can give the $25 billion to the automakers and it will do nothing to alter the fact (except delay for a time) that we are in for a day of reckoning. The auto industry like many other industries are in for a great shaking which will see workers lose their jobs and realize a decrease in compensation. To ask workers in other industries, many of which don't have compensation packages that come close to those of autoworkers, to fork over more of their money to save these relatively high paying jobs is a slap in the face. I don't bemoan the success of others BUT that success shouldn't be subsidize or on the backs of other hard working Americans. If that happens the question then becomes "when is it our turn?"
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Blacksheep Pioneer100© Member 
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I do so much agree that we are at a day of reckoning but it wont once again be the ones responsible,that pay the price. The greed in this country is staggering and out of the realms of what we can fathom as believable. For the average Joe,40.00 bucks in his pocket as disposable play money is a rare thing indeed....and we ALWAYS hear and see these Exect's blowing hundreds of thousands,and it goes on and on and on.We have difficutly trying to grasp how any human could not have shame or feel guilty screwing so many innocent people over in their quest for personal gain. Problem with most of us is,...we are not in the same class of humans.They are wealthy and it would seem that during the climb up the social ladder,you lose your consicience and honor and compassion for others,not to mention your moral compass. I cant begin to consider what we have in store for us shortly and I wish no ill to the working man.I am one and proud to be in the rank and file.I do have to say that jobs lost are going to occur no matter how this turns out 'cause that how they(fuc-ing corporate bloodsuckers) compensate for losses while still making sure to get their xmas and monthly bonus's.lay the guys off a month or two early or dont hire a replacement to the guy who had enough and quit. I had a old timer tell me many years ago that the day would come when the blue collar worker would be in such demand that he could call the shots.I had held onto that fantasy for many years while my various employers used and abused and took advantage of me and my buds while they lived high on the hog while we scraped pennies.I am humbled now and realize that day will never come. I spend many of my moments in deep thought thinking simply how can I hold on to enough money, or wheel and deal,to save enough to find a way to get enough of a inhertance together to allow my kids to struggle thru their days.After that,..the world can go to hell.
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aknow Original500© Member
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Does anyone who watched any of these hearings see the sick irony in them? These arrogant pig CEO's drive their private jets to Washington, wasting thousands of dollars on fuel as they review their whining sniveling preposterous requests for more wasted $$$$$, while another totally out of touch Beauraucrat bemoans that the money Congress spends does not belong to the taxpayers. How sick can America become before it grinds to a huge halt and passes a behemouth collective fart and collapses of exhaustion? Dr. Steve
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sirlamre Pioneer100© Member Official Forum Troublemaker
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And no one comments about a GOP politician talking about "it's not your money" for once I agree with Robo. Yes, GM should die for what they've done. Let the bailout money be given to the OTHER companies that will take a hit from this. But none of the conservatives in this thread are paying ANY attention to the fact that one of their own GOP elected officials is saying "We took your taxes from you, but it's NOT your money after we take it" Heh... that's why I don't vote GOP any more. They are NOT the GOP that my parents voted for...haven't been during the life time of 90% of the GOP politicians in office now.
Turn thou unto God and say: O my Sovereign Lord! I am but a vassal of Thine, and Thou art, in truth, the King of kings. I have lifted my suppliant hands unto the heaven of Thy grace and Thy bounties. |
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Millennium Original500© Member
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I'm one of the conservatives here and I found it disgusting...he has fallen right in line with the democrat party mantra...He's in Michigan, a blue state, so I expected it. Knollenberg held his seat for 16 years in the House of Representatives, but was just defeated this month by Democrat Gary Peters, who will be the first Democrat to hold that district since 1893. And they think that's better?...They're looking for a handout....not surprising. Last edited on 05:54 pm by Millennium |
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pmh1nic Pioneer100© Member
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Ditto Mil regarding the republican meathead that doesn't recognize who's money is stake. Also, I'm fully aware that republicans as well as democrats have lead us down the economic path to where we are today. Republicans were considered the fiscal conservatives but the spending during the last eight years has caused them to lose credibility on that issue. So where are we today. I'm not sure if bankrupcy is an option since these companies are making consumer products that require long term warrantees. What consumer is going to want to spend tens of thousands of dollars on a vehicle when the future of that company is stigmatized by the word "bankruptcy"? On the flip side a $25 billion bailout provides no guarantee that these companies are going to survive so the stigma attached to bankruptcy may be semantics. In my opinion not a dollar should go to the auto companies that isn't attached to across the board cuts in employee and retiree compensation, with the biggest cuts at the top (CEO and top management compensation). These areas of compensation are probably very near the top of operating expenses for these companies so these cuts should remain in place until the companies have become profitable AND have paided back the money being BORROWED. In concert with the cuts in compensation their existing debt should be restructuring to make repaying that debt more manageable. Unfortunately none of the options are painless and letting one of these companies go under may be the better option in the long run. Having said that we are in a situation that the only way we can take steps forward toward profitability is to "invest" more money into these companies, hoping that with the proper oversight they can make a comeback.
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Millennium Original500© Member
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I'll tell what I did do today....bought a lot of Ford and GM stock.......It's cheap, and they aren't going out of business...Somebody WILL bail them out.
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Robodoon Original500© Member God Fearing Patriot
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sirlamre wrote:
If any money should be given it should be to hold up "our companies" but it is not...for the cost of a few B2 Bombs GM would get its money. (but GM is not our company) Instead that much money has been given to bankers. The game is a bit deeper than most understand, two trillion has been given away by the FED (which is of the crime families the founders of the usa warned us about...they are still in power and have never lost their wealth) instead we are given games. One body owns everything now, including GM. we are given a bait and switch via insiders who have been stealing from "We the people" for over 100 years. They use helgelian dialectic arguments to move us to their well,,,ie "stacked decks in their favor" So while the FED spends two trillion dollars based on the backs of Americans and refuse to tell us where it went. ( isn't that close to 6.6 million dollars for every american) And says "its not your money...but it is your debt" China is going to buy GM...but then again "Communist China, Russia, Cuba...all of the commie nations are a product of the money powers that were attacking us at the time of our birth of a nation, warned to us by our founders" Americans should start saying "how great it is to be a slave" because that is what is coming and has already come. “The older dictators fell because they could never supply their subjects with enough bread, enough circuses, enough miracles, and mysteries. Under a scientific dictatorship, education will really work, with the result that most men and women will grow up to love their servitude and will never dream of revolution. There seems to be no good reason why a thoroughly scientific dictatorship should ever be overthrown.” - Huxley, Brave New World Revisited "There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution." - Aldous Huxley, Tavistock Group, California Medical School, 1961 Kiss your children tonight and let them know you love them...because the people of America have left them to nothing but slavery...but never mind....dancing with the stars will be on soon...and thats all that matters   Its a good time to not have kids, its a bad time not to...  The Devil really does run the Earth today, because his children manage it and seek him on a global scale...now in action at the United Nations http://www.lucistrust.org Last edited on 12:04 am by Robodoon "...we are part of a secret cabal working against the best interests of the US, ...conspiring with others around the world to build ...-- one world, if you will. If that's the charge, I stand guilty, and I am proud of it." David Rockefeller |
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Aethelred Pioneer100© Member  Ye Olde Dead King
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That is sick! 
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sirlamre Pioneer100© Member Official Forum Troublemaker
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PMH said: "In my opinion not a dollar should go to the auto companies that isn't attached to across the board cuts in employee and retiree compensation, with the biggest cuts at the top (CEO and top management compensation)." I disagree in this case with simply targeting the CEO and the top 20-30 management people. As much as them, we need to target the UAW bosses and the unimaginable contracts that are breaking the back of the automakers. For once, I see the "worker" as a big part of the problem here. Those 200,000 workers are part of the problem. They are compensated at wage levels and have benefits that the other 300 million Americans can only dream of. On top of that, most of the employees of the "secondary" companies don't get anywhere NEAR the pay rates, job protections, etc that the UAW members do. They don't even have the courtesy to fight for the employees of the companies that make THEIR jobs exist. I was listening to an interview with a UAW retiree yesterday who was: (He was an hourly bluecollar line worker at Ford, not management, btw) - Being paid $5600 a MONTH in retirement. That was HIS part. His wife and kids got a further $2000, even though none of them had set foot in a factory other than to join Dad at the plant tours for employees families. - Receiving 95% coverage health care, with NO deductible and NO payments from him, premium or copay or anything else. All family members were included in that plan, and after he died, his wife and KIDS would continue to get that so long as they didn't marry (the kids, that is) - He had received these benefits for nearly 40 years at Ford. - He had gone on a layoff program his last 8 years of retirement, and had been getting 75% pay and health benefits while laid off. -While laid off and in a "holding pool" for jobs, he had been offered 2 different jobs at his last rate of pay at Ford/UAW factories in other states. He had declined both jobs he didn't want to move. By contractual agreement with the union, there was no penalty for his not taking the job- no loss of benefits, no loss of pay rate. Does that sound like what's available at all employers for the hourly workers?
Turn thou unto God and say: O my Sovereign Lord! I am but a vassal of Thine, and Thou art, in truth, the King of kings. I have lifted my suppliant hands unto the heaven of Thy grace and Thy bounties. |
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Millennium Original500© Member
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The big three have problems, and labor is in the back pocket of the Democrats..This will be the 1st test as to see where the Democrats in Congress, the Senate and Obama's priorities are....To the nation or to labor.
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aknow Original500© Member
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The chief of the United Auto Workers was interviewed on NPR on Friday. He was exactly like Dick Cheney, GW Bush, and Rumsfeld. Caught in his own fantasy world, dumber than a rock, and in complete denial of the decades long mismanagement of the Big 3 Auto makers. Totally disgusting!!! He actually had the nerve to say that the consumers are stupid because they don't want to spend $1500 to $2000 repair bills after 35,000 miles, and that Americans need big gas guzzling cars because it gives them a chance to display their independence. He reminded me of the executives from the Tobacco companies who testified before Congress all through the 1970's and 1980's that smoking was a healthy thing to do. Bob Brinker opined today on his radio show that GM stock will go down to $.20 and will then be a good buy. Dr. STeve
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sirlamre Pioneer100© Member Official Forum Troublemaker
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Millennium wrote: The big three have problems, and labor is in the back pocket of the Democrats..This will be the 1st test as to see where the Democrats in Congress, the Senate and Obama's priorities are....To the nation or to labor. yeah, we've seen that the GOP's priorities were to Big Business -- the corporations and their ilk. So now we'll see if the Dems do the same "follow the money" trail or not.
Turn thou unto God and say: O my Sovereign Lord! I am but a vassal of Thine, and Thou art, in truth, the King of kings. I have lifted my suppliant hands unto the heaven of Thy grace and Thy bounties. |
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sirlamre Pioneer100© Member Official Forum Troublemaker
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aknow wrote: The chief of the United Auto Workers was interviewed on NPR on Friday. He was exactly like Dick Cheney, GW Bush, and Rumsfeld. Caught in his own fantasy world, dumber than a rock, and in complete denial of the decades long mismanagement of the Big 3 Auto makers. Totally disgusting!!! He actually had the nerve to say that the consumers are stupid because they don't want to spend $1500 to $2000 repair bills after 35,000 miles, and that Americans need big gas guzzling cars because it gives them a chance to display their independence. He reminded me of the executives from the Tobacco companies who testified before Congress all through the 1970's and 1980's that smoking was a healthy thing to do. Yeah, I heard the POS say that we should not complain about "understandable" repair bills. --- and the context of the conversation WAS "low mileage reliability" or along those terms. I expect repair bills after 100,000 miles... but NOT at 40-50k as you normally get with ANYTHING Detroit builds except for trucks. A quick glance at the Consumer Reports graph trends for mileage vs repair incidents and cost will show you VERY quickly that import cars last MUCH longer than US made cars do. A lot of people have this or that story about how "their Ford" or "their Buick" was a great car, or how they've had a few cars with no problems. But the repair statistics kept by the ASE along with Firestone, Goodyear, and other major repair chains absolutely prove where the major trends are. Auto parts store sales tracking also proves that far more parts are bought for US cars (per capita) at lower mileages than are for imports.
Turn thou unto God and say: O my Sovereign Lord! I am but a vassal of Thine, and Thou art, in truth, the King of kings. I have lifted my suppliant hands unto the heaven of Thy grace and Thy bounties. |
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24HourForums.com > The Top 10 Supported Forums > 24's Political Matters > GOP congressman: 'It is not your money' | ||||||||||||||||||||||||||||||||||||||||
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