So Ironic---Big Three auto CEOs flew private jets to ask for taxpayer money - Page 5

uglydog thanks for that link! that clears things up a bit for me - so the part of the constitution i posted is directed solely at the states saying the states don't have the right to create legal tender but in another clause in this same article it says the congress does this right. also the congress has the power to contract out this right to create legal tender, which they have done with the fed res.  so now the fed res handles the creation of legal tender,  as a sort of proxy's proxy (congress represents the people and the fed res represents the congress) and the fed res has declared our current money "legal tender".  so the congress has given control of this to the fed res which is their right to do under the constitution. which means,  if i'm understanding this correctly, if we are unhappy with the money system, we need to appeal to the congress to re-negotiate it's contract with the fed res. or read the contract between the gov & the fed res to see if the fed res is in breech of contract or not; beyond that we're stuck with the fed res?

ok a lot of economics is way over my head but i'm a relatively practical person and it seems to me it all comes down to goods and services. if we are printing more money then we can back with our goods and services we begin to spiral into the zone of the unethical so to pull ourselves out we need to create more industry (like alternative fuels) to support the currency already floating around after all it does have to represent something doesn't it?  ok i'll go back to just reading and stop annoying you guys with my sophomoric perspective thanks for your patience.

Wall Street just plunged another 5 percent – steep drop in factory orders – unemployment benefits at 26-year high.

Who's going to buy our pups!

Chisum, I believe what is needed is for a clear statement of intent by Obama, Pelosi and Reid that they will not allow the auto-makers to go into liquidation. They will either restructure without going into Chapter 11 or the Feds will provide the necessary financial backing in conjunction with restructuring after filing for Chapter 11.

What is needed is some assurance from the Federal government that the auto companies will not disappear provided steps are taken to ensure their future viability after restructuring. Without substantial restructuring, no bail-out money should be given to the companies. I also believe the senior management of these companies should be replaced - it is the price they should have to pay for what has happened to the companies they head. There has to be some accountability in conjunction with employees making financial sacrifices.

I dont disagreee but the Union Leadership was also infiltraded by Marxist Communists back when

I say just give $25 Billion from the $700Billion, stolen for the Investment Banksters that Ben Shalom Bernanke & Paulson threatened with..and ask the Big 3 to make concessions of course.

Why do we give the Zionist Wall Street Gangsters, I mean Bankster, $700B-$1 Trillion,  but 3 million factory workers cant get 2.5%  of that?

Ugly, I've got one question, what production facilities does China have in the US? 

uglydog what country would you like to live in ?as this one does not work for you ? you are the most prejudice person i know on this American soil. I'm beginning to think you are a terrorist plant from one faction or the other.really where the heck do you want to live ?and if it's here then why didn't you run for the presidency and show us who you really are?you are a racist son of a gun.a smart one at that ,but still a racist

You may find this interesting

http://www.democracynow.org/2008/11/17/naomi_klein_on_the_bailout_profiteers

By the way I do think we need to bail the auto industry(better than the banks at least some of the jobs are for regular folks) BUT we need to negotiate hard and long re the deal.

We also ALL need to start buying American again if we want this country to survive.

I went on record on another thread opposing the $700 billion bail-out when it was under consideration. I felt that it was ill-considered and put together without any hearings as to what the best approach would be to deal with the credit crisis. I am still shocked at the way a vast sum of money was approved through scare-mongering - and no sooner was it approved then the intended use was changed.

Ugly, I am interested in your read of where there is decent support on the DJIA. I looked at the chart and I see some support around 7440 and thereafter there is little support until around 6500.

Do you agree?

Wal Mart has Headquartered their  entire Purchasing Department in China, (beetree). They also OWN many Western US Ports.

Wazzup-If you wish to discuss Rascism, start with Israel.   Laws  & Policies on the Books of JEW ONLY Roads, Schools, Marriages, Housing & License Plates. aka Apartheid.  Whos the Rascist again?

How about this headline of Jews being warned to stop spitting on Christians in Israe, by their Interior Minister?http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=487412&contrassID=2&subContrassID=5&sbSubContrassID=0&listSrc=Y&itemNo=487412

KTF...Youre trying to catch a falling knife.   Support at 6500, then 5000, then 4000.  I think we go to 4,000 before a total possible collapse whereby the US Dollar is de monetized.  As in worthless. I own no US equities at this point.

Pension, Hedge Funds are restricted from owning $5 stocks. Citi, 5/3 other banks are trading at/below these levels so look out. Another bail out is coming. Not.  FDIC is also broke. Sorry to be the messenger of bad news but it is, what it is.