GMAC set to get an additional $7.5 billion in bailout next week

May 10, 2009 by · Leave a Comment
Filed under: Industry News 

Surprise, surprise.  Who would of thought that we would give more bailout money to GMAC (sarcasm)?  Looks like GMAC needs another $7.5 billion in our hard earned tax dollars to provide low cost (or no cost) financing for more American made cars that people don’t want to buy.

If we are going to support our native automotive industry, it would be nice if we made them make cars and trucks are more viable in our current economic environment.  What is even more interesting in this press release, is that our Treasury Secretary said that he thinks GMAC will need even more bailout in the future and he has determined we are ready to give it as needed…..period.

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Hedge funds gain access to $200 billion in U.S. taxpayer funds

December 21, 2008 by · Leave a Comment
Filed under: Policy News 

Well here we go, here is your “Mainstreet” bailout.  I am just shocked that speculator or investors are getting their hands on our money.   We are in a serious crisis and this is a sign the the dollar is going die and we are going to be hit by a depression and hyper-inflation.  Now we are at 0% on the interest rate the only thing they  have left is to print money or what they call Quantitative Easing.  Good Luck, take measure to be prepared.

News:

Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn program intended to support consumer credit.

The Fed said on Friday it would offer low-cost three-year funding to any US company investing in securitised consumer loans under the Term Asset-backed Securities Loan Facility (TALF). This includes hedge funds, which have never been able to borrow from the US central bank before, although the Fed may not permit hedge funds to use offshore vehicles to conduct the transactions.

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Corporate and Government Bailouts Will Push US into Depression

September 11, 2008 by · Leave a Comment
Filed under: Economic News 

Heck I even think 10-11% inflation is being nice. I think the 12-18% are a bit more fair and a correct reflection in the rise in prices of the most essential goods. We can not think that we are going to inflate our way from the acute economic problems that are beginning to manifest and in my opinion be masked by the current political election season that includes a new President.

We can not think that deficit spending without actual productivity growth and expansion of real goods is going to solve these problems, it is more like a band-aid that has the side effect of inflation of prices.

Article:

The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.

“We expect a depression in the United States. We expect a depression, very possibly, also in Europe,” Hennecke said on “Worldwide Exchange.”

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