[bsrsharma]

If there is a silver lining in this it is this:

“the world will be spared the neocons’ hegemonic wars.”

http://www.creators.com/opinion/paul-craig-roberts.html?columnsName=pcr

[bsrsharma]

As if on cue, Detroit wants a bailout too!

http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1

Detroit’s sputtering Big Three turn to Washington for help

Battered by weak sales, declining market share and miserable credit ratings, Detroit’s Big Three automakers are now turning to the US government for help.

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

“This isn’t a bail out,” said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

“These are direct loans that we have to pay back,” added Ford spokesman Mike Moran.

Detroit’s goal is to have new legislation in place for the aid package by the time Congress adjourns in late September or early October.

The combination of an economic slowdown, the credit crunch and presidential politics, have enhanced the prospects of such a plan.

The possibility of one or more of the Big Three seeking bankruptcy protection — which could have an enormous economic impact — has created a sense of urgency.

“We are encouraging Congress to take this up now,” said John Bozzella, vice president of external affairs and public policy at Chrysler LLC, created by private equity investors for the spinoff of the former Chrysler Corp. operations from Germany’s Daimler.

Bozzella said the loan authorization was included in energy legislation was signed into law last December by President George W. Bush after passing through the Democratic-controlled Congress.

The law requires automakers to raise the fuel economy of vehicles sold in the US market to 35 miles (56 kilometers) per gallon (3.8 liters).

The Bush administration has estimated that retooling for the new standards would cost the automakers 100 billion dollars.

“This was authorized by Congress. There was a consensus this was needed to transform and drive new technology,” Bozzella said.

The bill also authorized the US Department of Energy to approve up to 25 billion dollars in loans to fund technology reseach.

The legislation, however, requires that any loans authorized under the measure have to be guaranteed by the federal government. To do that Congress needs to appropriate 3.7 billion dollars for the insurance premiums, automakers said.

The bill for the insurance could rise to more than seven billion dollars if Congress boosts the loan total to 50 billion dollars.

“The long term goal of the legislation was to increase energy security and to ensure the US has the domestic capacity necessary for building more efficient vehicles,” Bozzella said.

Suppliers and even foreign carmakers operating in the US could qualify for the loans, notes Bozzella.

“There are no restrictions in the language on which companies are in and which companies are out,” he said.

The automakers say they have a commitment from the congressional leadership to take up the enabling legislation when both the House and Senate reconvene in the coming week….

[bsrsharma]

As if on cue, Detroit wants a bailout too!

http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1

Detroit’s sputtering Big Three turn to Washington for help

Battered by weak sales, declining market share and miserable credit ratings, Detroit’s Big Three automakers are now turning to the US government for help.

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

“This isn’t a bail out,” said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

“These are direct loans that we have to pay back,” added Ford spokesman Mike Moran.

Detroit’s goal is to have new legislation in place for the aid package by the time Congress adjourns in late September or early October.

The combination of an economic slowdown, the credit crunch and presidential politics, have enhanced the prospects of such a plan.

The possibility of one or more of the Big Three seeking bankruptcy protection — which could have an enormous economic impact — has created a sense of urgency.

“We are encouraging Congress to take this up now,” said John Bozzella, vice president of external affairs and public policy at Chrysler LLC, created by private equity investors for the spinoff of the former Chrysler Corp. operations from Germany’s Daimler.

Bozzella said the loan authorization was included in energy legislation was signed into law last December by President George W. Bush after passing through the Democratic-controlled Congress.

The law requires automakers to raise the fuel economy of vehicles sold in the US market to 35 miles (56 kilometers) per gallon (3.8 liters).

The Bush administration has estimated that retooling for the new standards would cost the automakers 100 billion dollars.

“This was authorized by Congress. There was a consensus this was needed to transform and drive new technology,” Bozzella said.

The bill also authorized the US Department of Energy to approve up to 25 billion dollars in loans to fund technology reseach.

The legislation, however, requires that any loans authorized under the measure have to be guaranteed by the federal government. To do that Congress needs to appropriate 3.7 billion dollars for the insurance premiums, automakers said.

The bill for the insurance could rise to more than seven billion dollars if Congress boosts the loan total to 50 billion dollars.

“The long term goal of the legislation was to increase energy security and to ensure the US has the domestic capacity necessary for building more efficient vehicles,” Bozzella said.

Suppliers and even foreign carmakers operating in the US could qualify for the loans, notes Bozzella.

“There are no restrictions in the language on which companies are in and which companies are out,” he said.

The automakers say they have a commitment from the congressional leadership to take up the enabling legislation when both the House and Senate reconvene in the coming week….

[bsrsharma]

As if on cue, Detroit wants a bailout too!

http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1

Detroit’s sputtering Big Three turn to Washington for help

Battered by weak sales, declining market share and miserable credit ratings, Detroit’s Big Three automakers are now turning to the US government for help.

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

“This isn’t a bail out,” said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

“These are direct loans that we have to pay back,” added Ford spokesman Mike Moran.

Detroit’s goal is to have new legislation in place for the aid package by the time Congress adjourns in late September or early October.

The combination of an economic slowdown, the credit crunch and presidential politics, have enhanced the prospects of such a plan.

The possibility of one or more of the Big Three seeking bankruptcy protection — which could have an enormous economic impact — has created a sense of urgency.

“We are encouraging Congress to take this up now,” said John Bozzella, vice president of external affairs and public policy at Chrysler LLC, created by private equity investors for the spinoff of the former Chrysler Corp. operations from Germany’s Daimler.

Bozzella said the loan authorization was included in energy legislation was signed into law last December by President George W. Bush after passing through the Democratic-controlled Congress.

The law requires automakers to raise the fuel economy of vehicles sold in the US market to 35 miles (56 kilometers) per gallon (3.8 liters).

The Bush administration has estimated that retooling for the new standards would cost the automakers 100 billion dollars.

“This was authorized by Congress. There was a consensus this was needed to transform and drive new technology,” Bozzella said.

The bill also authorized the US Department of Energy to approve up to 25 billion dollars in loans to fund technology reseach.

The legislation, however, requires that any loans authorized under the measure have to be guaranteed by the federal government. To do that Congress needs to appropriate 3.7 billion dollars for the insurance premiums, automakers said.

The bill for the insurance could rise to more than seven billion dollars if Congress boosts the loan total to 50 billion dollars.

“The long term goal of the legislation was to increase energy security and to ensure the US has the domestic capacity necessary for building more efficient vehicles,” Bozzella said.

Suppliers and even foreign carmakers operating in the US could qualify for the loans, notes Bozzella.

“There are no restrictions in the language on which companies are in and which companies are out,” he said.

The automakers say they have a commitment from the congressional leadership to take up the enabling legislation when both the House and Senate reconvene in the coming week….

[bsrsharma]

As if on cue, Detroit wants a bailout too!

http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1

Detroit’s sputtering Big Three turn to Washington for help

Battered by weak sales, declining market share and miserable credit ratings, Detroit’s Big Three automakers are now turning to the US government for help.

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

“This isn’t a bail out,” said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

“These are direct loans that we have to pay back,” added Ford spokesman Mike Moran.

Detroit’s goal is to have new legislation in place for the aid package by the time Congress adjourns in late September or early October.

The combination of an economic slowdown, the credit crunch and presidential politics, have enhanced the prospects of such a plan.

The possibility of one or more of the Big Three seeking bankruptcy protection — which could have an enormous economic impact — has created a sense of urgency.

“We are encouraging Congress to take this up now,” said John Bozzella, vice president of external affairs and public policy at Chrysler LLC, created by private equity investors for the spinoff of the former Chrysler Corp. operations from Germany’s Daimler.

Bozzella said the loan authorization was included in energy legislation was signed into law last December by President George W. Bush after passing through the Democratic-controlled Congress.

The law requires automakers to raise the fuel economy of vehicles sold in the US market to 35 miles (56 kilometers) per gallon (3.8 liters).

The Bush administration has estimated that retooling for the new standards would cost the automakers 100 billion dollars.

“This was authorized by Congress. There was a consensus this was needed to transform and drive new technology,” Bozzella said.

The bill also authorized the US Department of Energy to approve up to 25 billion dollars in loans to fund technology reseach.

The legislation, however, requires that any loans authorized under the measure have to be guaranteed by the federal government. To do that Congress needs to appropriate 3.7 billion dollars for the insurance premiums, automakers said.

The bill for the insurance could rise to more than seven billion dollars if Congress boosts the loan total to 50 billion dollars.

“The long term goal of the legislation was to increase energy security and to ensure the US has the domestic capacity necessary for building more efficient vehicles,” Bozzella said.

Suppliers and even foreign carmakers operating in the US could qualify for the loans, notes Bozzella.

“There are no restrictions in the language on which companies are in and which companies are out,” he said.

The automakers say they have a commitment from the congressional leadership to take up the enabling legislation when both the House and Senate reconvene in the coming week….

[bsrsharma]

As if on cue, Detroit wants a bailout too!

http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1

Detroit’s sputtering Big Three turn to Washington for help

Battered by weak sales, declining market share and miserable credit ratings, Detroit’s Big Three automakers are now turning to the US government for help.

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

“This isn’t a bail out,” said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

“These are direct loans that we have to pay back,” added Ford spokesman Mike Moran.

Detroit’s goal is to have new legislation in place for the aid package by the time Congress adjourns in late September or early October.

The combination of an economic slowdown, the credit crunch and presidential politics, have enhanced the prospects of such a plan.

The possibility of one or more of the Big Three seeking bankruptcy protection — which could have an enormous economic impact — has created a sense of urgency.

“We are encouraging Congress to take this up now,” said John Bozzella, vice president of external affairs and public policy at Chrysler LLC, created by private equity investors for the spinoff of the former Chrysler Corp. operations from Germany’s Daimler.

Bozzella said the loan authorization was included in energy legislation was signed into law last December by President George W. Bush after passing through the Democratic-controlled Congress.

The law requires automakers to raise the fuel economy of vehicles sold in the US market to 35 miles (56 kilometers) per gallon (3.8 liters).

The Bush administration has estimated that retooling for the new standards would cost the automakers 100 billion dollars.

“This was authorized by Congress. There was a consensus this was needed to transform and drive new technology,” Bozzella said.

The bill also authorized the US Department of Energy to approve up to 25 billion dollars in loans to fund technology reseach.

The legislation, however, requires that any loans authorized under the measure have to be guaranteed by the federal government. To do that Congress needs to appropriate 3.7 billion dollars for the insurance premiums, automakers said.

The bill for the insurance could rise to more than seven billion dollars if Congress boosts the loan total to 50 billion dollars.

“The long term goal of the legislation was to increase energy security and to ensure the US has the domestic capacity necessary for building more efficient vehicles,” Bozzella said.

Suppliers and even foreign carmakers operating in the US could qualify for the loans, notes Bozzella.

“There are no restrictions in the language on which companies are in and which companies are out,” he said.

The automakers say they have a commitment from the congressional leadership to take up the enabling legislation when both the House and Senate reconvene in the coming week….

[bsrsharma]

Mother of all takeovers!

This instantly converts US from a capitalist nation to socialist nation. All homes with mortgages are essentially owned by the government; the owners are living in government quarters. By $ amount, this economic entity may be larger than the old Soviet Union.

Next bailout/takeover to watch would be GM & Ford.

Imperceptibly we are heading towards a socialist state. The Congress probably doesn’t even know about it. Social Security & Medicare are already the largest components of budget. That, military, other government entities and now with banking and housing will probably be more that half of the economy.

[bsrsharma]

Mother of all takeovers!

This instantly converts US from a capitalist nation to socialist nation. All homes with mortgages are essentially owned by the government; the owners are living in government quarters. By $ amount, this economic entity may be larger than the old Soviet Union.

Next bailout/takeover to watch would be GM & Ford.

Imperceptibly we are heading towards a socialist state. The Congress probably doesn’t even know about it. Social Security & Medicare are already the largest components of budget. That, military, other government entities and now with banking and housing will probably be more that half of the economy.

[bsrsharma]

Mother of all takeovers!

This instantly converts US from a capitalist nation to socialist nation. All homes with mortgages are essentially owned by the government; the owners are living in government quarters. By $ amount, this economic entity may be larger than the old Soviet Union.

Next bailout/takeover to watch would be GM & Ford.

Imperceptibly we are heading towards a socialist state. The Congress probably doesn’t even know about it. Social Security & Medicare are already the largest components of budget. That, military, other government entities and now with banking and housing will probably be more that half of the economy.

[bsrsharma]

Mother of all takeovers!

This instantly converts US from a capitalist nation to socialist nation. All homes with mortgages are essentially owned by the government; the owners are living in government quarters. By $ amount, this economic entity may be larger than the old Soviet Union.

Next bailout/takeover to watch would be GM & Ford.

Imperceptibly we are heading towards a socialist state. The Congress probably doesn’t even know about it. Social Security & Medicare are already the largest components of budget. That, military, other government entities and now with banking and housing will probably be more that half of the economy.

[bsrsharma]

Mother of all takeovers!

This instantly converts US from a capitalist nation to socialist nation. All homes with mortgages are essentially owned by the government; the owners are living in government quarters. By $ amount, this economic entity may be larger than the old Soviet Union.

Next bailout/takeover to watch would be GM & Ford.

Imperceptibly we are heading towards a socialist state. The Congress probably doesn’t even know about it. Social Security & Medicare are already the largest components of budget. That, military, other government entities and now with banking and housing will probably be more that half of the economy.

[bsrsharma]

Or could this be a case of prayers getting corrupted in transmission ….

http://www.youtube.com/watch?v=ohxdvio9n2Q

Stuart Shepard, director of digital media at Focus Action requests Prayers for it to rain on Barack Obama?

Focus on the Family guy Stuart Shepard is asking people, in a video he made, to pray for rain on the day Barack Obama gives his speech in Denver during the Democratic National Convention. Shepard, a one-time TV meteorologist according to KOAA, wants it to start raining two minutes before Obama’s speech starts, and he wants that rain to be so hard that it will block out network TV coverage so no one will be able to see or hear Obama’s speech during the DNC.

Also enjoy the competitive response:

[bsrsharma]

Or could this be a case of prayers getting corrupted in transmission ….

http://www.youtube.com/watch?v=ohxdvio9n2Q

Stuart Shepard, director of digital media at Focus Action requests Prayers for it to rain on Barack Obama?

Focus on the Family guy Stuart Shepard is asking people, in a video he made, to pray for rain on the day Barack Obama gives his speech in Denver during the Democratic National Convention. Shepard, a one-time TV meteorologist according to KOAA, wants it to start raining two minutes before Obama’s speech starts, and he wants that rain to be so hard that it will block out network TV coverage so no one will be able to see or hear Obama’s speech during the DNC.

Also enjoy the competitive response:

[bsrsharma]

Or could this be a case of prayers getting corrupted in transmission ….

http://www.youtube.com/watch?v=ohxdvio9n2Q

Stuart Shepard, director of digital media at Focus Action requests Prayers for it to rain on Barack Obama?

Focus on the Family guy Stuart Shepard is asking people, in a video he made, to pray for rain on the day Barack Obama gives his speech in Denver during the Democratic National Convention. Shepard, a one-time TV meteorologist according to KOAA, wants it to start raining two minutes before Obama’s speech starts, and he wants that rain to be so hard that it will block out network TV coverage so no one will be able to see or hear Obama’s speech during the DNC.

Also enjoy the competitive response:

[bsrsharma]

Or could this be a case of prayers getting corrupted in transmission ….

http://www.youtube.com/watch?v=ohxdvio9n2Q

Stuart Shepard, director of digital media at Focus Action requests Prayers for it to rain on Barack Obama?

Focus on the Family guy Stuart Shepard is asking people, in a video he made, to pray for rain on the day Barack Obama gives his speech in Denver during the Democratic National Convention. Shepard, a one-time TV meteorologist according to KOAA, wants it to start raining two minutes before Obama’s speech starts, and he wants that rain to be so hard that it will block out network TV coverage so no one will be able to see or hear Obama’s speech during the DNC.

Also enjoy the competitive response:

[Author]

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