GM Files for Bankruptcy Protection; The Latest From Schiff

Posted by on June 1, 2009 · Leave a Comment 

It comes as no surprise to anyone who has been following the auto industry news, that GM will be filing for bankruptcy this week and their first action was filing for bankruptcy protection this morning. 

On Friday, GM’s stock was well below the $1 mark and continued to fall throughout the day. 

The bankruptcy filing, made in the U.S. Bankruptcy Court in Manhattan, marks the climax of a lengthy debate over the auto maker’s future after it sought a bailout from the U.S. government in December to stay alive. In the end, GM couldn’t complete its restructuring out of court and filed for bankruptcy-court protection to get billions more in aid from U.S. taxpayers.

The question now facing 56,000 auto workers, 3,600 GM dealers and the Obama administration: Will it work?

The U.S. government has agreed to provide GM with another $30 billion in aid, in addition to the $20 billion the auto maker has already borrowed, to see it through its restructuring and exit from bankruptcy protection. In return, the government will get a controlling stake in the company. The Canadian and Ontario governments are putting in $9.5 billion for a 12.5% stake.

I thought that Obama didn’t want to be in the car business?  It seems like the government is becoming fascist, as Thomas Sowell recently noted: 

We’re not a socialist country, because the socialists believe in government ownership in the means of production, but the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that’s the route we seem to be going.

I’m sorry, but this really is getting insane and it only proves the most recent article coming out of the Russian Pravda paper, no less, entitled, “American Capitalism Gone With a Whimper.”

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their “right” to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our “democracy”. Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different “branches and denominations” were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the “winning” side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the “winning” side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?

The government has never been able to run any type of business well, mainly due to the fact that the majority of politicians have never worked in the business world, they are either lawyers or just came straight out of college with a BS in political science – and BS is extremely apropos.  The government tried running Amtrak and how well did that go?  The government tried running the Mustang Ranch, and couldn’t manage to make a profit from sex of all things! 

Obama wants control of the auto industry because of his voting bloc, the unions (namely the UAW), who contributed over $400M to his campaign and so he can pass his green agenda via vehicles.  We can all drive around some solar powered tin cans that need to be recharged every 40 miles and get nowhere!

Peter Schiff also had an interesting take on where our economy is headed and some final words regarding GM that he posted on youtube, Friday: 

Filed under Auto Industry, Congress, Constitution, Double Standards, Economy, Global Warming, Green, Media, Obama, Obama Administration, Socialism, Unions · Tagged with , , , , , , , , , , , , , ,

UK Issues List of Unwelcome Persons (Radio Host Michael Savage Included)

Posted by on May 5, 2009 · 2 Comments 

Sixteen people banned from entering the UK are “named and shamed” by the Home Office.

Home Secretary Jacqui Smith said she decided to make public the names of 16 people banned since October last year so others could better understand what sort of behaviour Britain was not prepared to tolerate.

The list includes hate preachers, anti-gay protesters and a far- right US talk show host.

Dr Yunis Al-Astal
Hamas MP and dean of Sharia studies at The Islamic University of Gaza. Al Astal is claimed to have decreed that global Islam has to take over America’s dominance. He also decreed that killing Jews was relevant in our times.

Mike Guzofsky
Jewish militant, also known as Yekutiel Ben Yaakov. Hosted the internet TV show “Voice of Judea” and is considered to be engaging in unacceptable behaviour by fermenting terrorist behaviour and provoking others to commit terrorist acts.

Stephen Donald Black
American white nationalist and founder of the Stormfront internet forum. He was a grand wizard in the Ku Klux Klan and a member of the American Nazi Party in the 1970s. He was convicted in 1981 for attempted armed overthrow of the Dominican government.

Eric Gliebe
President of the racist record label Resistance Records, with sales of $1m a year and whose groups promote the idea the US should be divided by race, sexual preference and religious creed.

Artur Ryno and Pavel Skachevsky
Last year a Russian court sentenced the group of skinheads led by Ryno and Skachevsky to between six and twenty years in prison. The court issued the ruling on the basis of the jury verdict, which found the seven group members guilty of 20 racially-motivated murders and 12 attacks.

Wadgy Abd El Hamied Mohamed Ghoneim
Muslim cleric suspected of terrorist ties. Deported from the US in 2004. He said: “I came to this country in peace. I did not come here to scare anybody.”

Abdullah Qadri Al Ahdal
Preacher considered to be engaging in unacceptable behaviour by seeking to foment, justify or glorify terrorist violence in furtherance of particular beliefs and fostering hatred that might lead to inter-community violence.

Michael Alan Weiner
Michael Alan Weiner, better known by his pseudonym Michael Savage, is an American radio host, author, and conservative political commentator. Some, including Savage himself, have characterized his views as conservative nationalism. He claims that liberalism and same-sex marriage are degrading American culture.

Safwat Hijazi
Islamic preacher. Issued a fatwa sanctioning “the killing of any Jews who visit Egypt or any other Islamic country.” He said later it was only “in reference to Israeli soldiers”.

Amir Siddique
Preacher. Considered to be engaging in unacceptable behaviour by fomenting terrorist violence in furtherance of particular beliefs.

Abdul Ali Musa
Muslim activist and director of Masjid Al-Islam in US. Member of the Institute of Contemporary Islamic Thought (ICIT) and a well-known speaker around the world. His name was previously Clarence Reams, and he was born in Arkansas in 1945. Considered to be engaging in unacceptable behaviour by fomenting and glorifying terrorist violence.

Samir Al Quntar
Samir Kuntar is a Lebanese militant and a former member of the Palestine Liberation Front. In 1979, at the age of 16, he participated in the attempted kidnapping of an Israeli family in Nahariya that resulted in the deaths of four Israelis and two of his fellow kidnappers. He spent nearly three decades in prison before being released on July 16, 2008 as part of an Israel-Hezbollah prisoner swap.

Nasr Javed
Kashmiri militant group leader. Considered to be engaging in unacceptable behaviour by seeking to foment, justify or glorify terrorist violence in furtherance of particular beliefs.

Fred Waldron Phelps Snr and Shirley Phelps-Roper
American pastor and leading spokesman of Westboro Baptist Church. Considered to be engaging in unacceptable behaviour by fostering hatred that might lead to inter-community violence in the UK. The 79-year-old and his daughter are barred for their anti-gay comments.
However, it is important to note that communists, dictators, black liberation theologists and preachers, black nationalists, black panther groups, national socialists and other statists on the left are all welcome to enter.  Just no right-wingers!  I was also surprised to see that Muslims were actually included in an English list… It appears that Gordon Brown’s administration is taking a page right out of Obama’s playbook!

Does this mean that Obama is banned for not advocating gay marriage either?

Why would you only single out a particular individual on the radio?  Are there not plenty of others that hold those same views?  And why would you bar someone from the country who just has an opinion that is different from other peoples’.  If he feels that gay marriage is degrading American culture than what is the big deal – is he not allowed to feel that way?  Can he not believe what he wants as long as he is not violent?  He doesn’t incite violence either… This sounds more fascist to me than anything else.  England says you must hold a particular view/opinion or else!

Paging Winston Churchill, England is about to pull another Neville Chamberlain – unfortunately, so is the United States!

Bill Ayers, Reverend Write, Michael Moore, Cindy Sheehan, Ted Turner and Jane Fonda are all on their way to England as we speak – they will be welcomed with open arms!  I heard Code Pink is piloting the plane.

Filed under Double Standards, Foreign Affairs, Marriage, National Security, PC Culture, Socialism · Tagged with , , , , , , , , , , , , ,

Political Science Lesson for the Weekend

Posted by on April 18, 2009 · Leave a Comment 

The American Form of Government:

Filed under Constitution, Federalism, Socialism · Tagged with , , , , , , ,

John Ziegler, Documentarian, Handcuffed at USC for Questioning Katie Couric’s Award for the Sarah Palin Interview; Contrast That with Some Liberal Protestors

Posted by on April 16, 2009 · 2 Comments 

By now we are all aware of the media attack/offensive that took place in 2008 to get their guy into office and smear Sarah Palin, the true threat to the liberals in 2008, rather than John McCain.

This documentary (Media Malpractice) shines the light on how the media did everything humanly possible to cover-up Obama’s true colors, his past, his record, his resume, etc. to get him into the White House, meanwhile smearing Hillary Clinton, John McCain and most of all Sarah Palin. Read more

Filed under Constitution, Double Standards, Media, Socialism · Tagged with , , , , , , , , , , , , ,