Orderly Restructuring for Auto Industry?
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Uploader Comments (MainstreetEconomics)
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Im against bailouts for any industry! The heart of the problem is the fractional reserve system which is a debt based system, along with the federal reserve and the IRS's illegal tax on americans labor! You want to fix our econmy then get rid of the federal reserve and the IRS!
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If they file chapter 11, then they will not have any money to pay current debt to suppliers. Where is your video on millions loaned to financial insitutions? Where are questions to them?
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Just an observation but perhaps most Americans feel powerless to do anything in that thier own struggle to survive takes 25 hours a day. people need to know what they can do to take part in changing policy. Politicians and Neocons bet on people's inability to speak up or find the right venue to voice an opinion. Have you ever written to a congressman? "Thanks for your letter. We'll look into it". Same BS every time...
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First $25B for retooling, then $17B for temporary bailout, then $6B for GMAC Financial. Yeah, I'm expecting them to be asking for more soon. And I'm going to start speaking out against it.
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I agree bluenOte. I believe if more and more people first spread the word on why average Americans need to organize and then start working together to actually organizing ourselves then eventually we can garner enough influence to make a difference.
As for the shortage of time, we just have to move forward a little at a time and stay persistent.
MainstreetEconomics 3 years ago