This is just one more reasons why people hate Republicans.






JONES AND GOP LEADER DEMAND ANSWERS FROM OBAMA ON CAR CZAR AND GM BAILOUT

Washington, D.C. – Today, U.S. Congressman Walter B. Jones (NC-03), House Republican Leader John Boehner and 18 other House Republicans sent a letter to President Barack Obama demanding answers on the use of American tax dollars to bail out General Motors (GM). Despite the strong opposition of Congressman Jones and many House Republicans, over the past year the U.S. government orchestrated a takeover of the U.S. auto industry and sunk nearly $50 billion in taxpayers’ money into GM. The administration has also disclosed very little information about the details of the government bailout of GM. However, last week the President’s former “Car Czar”, Steve Rattner, stated that the value of the taxpayers’ stake in GM has plunged to only $25 billion.
“Keeping American taxpayers in the dark is wrong. The Administration pledged transparency, and yet there has been none as far as the General Motors bailout is concerned,” said Congressman Jones. “I have been adamantly opposed to all bailouts and there must be accountability shown for our taxpayers’ money, especially if it is being wasted.”
The letter to the President is as follows:

Dear Mr. President:
Last December, the U.S. Treasury Department loaned General Motors $13 billion. In the spring, Treasury loaned GM another $6 billion. In June, days before GM declared bankruptcy, the Administration provided another $30 billion – just in time to convert taxpayer loans to equity taking ownership of GM.
All of these funds came from the Troubled Asset Relief Program – a bailout never intended for such purposes. As the Congressional Oversight Panel wrote last month, “the use of TARP funds for the automotive industry raises questions regarding both Presidents’ authority to use these funds under EESA legislation and, more broadly, under the U.S. Constitution.”
Last week, Steve Rattner, your former “Car Czar,” estimated that the taxpayers’ stake in GM now stands at $25 billion. If Mr. Rattner is correct, the Administration’s “Bridge Loan to Nowhere” lost half of the taxpayers’ money. And while sales for private-owned Ford Motors fell only 6% in September, government-owned GM saw a 45% decline.
Despite your Administration’s pledge of transparency, this “Bridge Loan to Nowhere” comes with none. American taxpayers remain in the dark when it comes to basic details of $49 billion in taxpayers’ money provided to GM.
How much should taxpayers expect to lose from the “Bridge Loan to Nowhere?” When will we see the minutes from Automotive Task Force meetings? When will we see all financial and operating information for GM – at the same level of detail that shareholders of any other major company would expect?
As the American people struggle through the Great Recession, they deserve better than a $25 billion loss in a non-transparent investment.

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© 2006 All Rights Reserved, Walter Jones

You guys love to flatter yourselves, don’t you?

Not me, I'm a Glenn Beck fan 100%.

quote:

Originally posted by NSNN:
You guys love to flatter yourselves, don’t you?

Not as much as the psychopantic people that Obama has surrounded himself with...
If anyone even remotely doesn't sing his praises, these people lash out and do silly things like ban networks that criticise the "Dear Leader" in their eyes...
IMHO...
Respectfully, SUNLINER81

quote:

Originally posted by Duster6:
Not me, I'm a Glenn Beck fan 100%.

....no truer words

quote:

Originally posted by NSNN:
You guys love to flatter yourselves, don’t you?

Nonsense, the questions are appropriate and should be answered.

I am no fan of either party. That being said, the ability to ask important questions is a skill not exclusively reserved for republicans. I would be just as satisfied to know this letter came from a democrat's desk.

Where the hell is my money??!!!

Advocates for frugal government will always be disparaged and targeted for angst by liberals - -

I just find it strange that nobody else in Congress is demanding answers from Obama and why many are not speaking out.

A 45% decline?, WOW Govt. sure knows how to run a company don't they.

BTW, My family will never purchase any truck or car except for Ford,,NEVER. Put that in your pipe and smoke it Obama. A lot of people think like we do, obviously.

You just gotta love anyone who wants to know where taxpayer money is going regardless of who they are or where they're from and expecially which party.

The short version of the letter...

Transparency. GM. Show us the money!

quote:

Duster6
Highly Experienced Member

Posted Fri 30 October 2009 07:56 AM Hide Post
I just find it strange that nobody else in Congress is demanding answers from Obama and why many are not speaking out.

They're sheep with rubber boots on their back legs, Obamas has his feet in those boots also,,they're too busy right now to write, maybe after they clean themselves up.

quote:

Originally posted by Duster6:
Not me, I'm a Glenn Beck fan 100%.

Duster I'm surprised that you'd say that about an alcoholic, drug addict and all round whiner. Unless you mean it in a sense like, I'm a fan of Sam Kinison.

quote:

Originally posted by catahoulagill:
You just gotta love anyone who wants to know where taxpayer money is going regardless of who they are or where they're from and expecially which party.

The short version of the letter...

Transparency. GM. Show us the money!

I agree it's fair and necessary question.

quote:

Originally posted by BAGodbehere:

quote:

Duster6
Highly Experienced Member

Posted Fri 30 October 2009 07:56 AM Hide Post
I just find it strange that nobody else in Congress is demanding answers from Obama and why many are not speaking out.

They're sheep with rubber boots on their back legs, Obamas has his feet in those boots also,,they're too busy right now to write, maybe after they clean themselves up.

BRAVO SIERRA like that is uncalled for. I remind you that is the POTUS you are maligning with your juvenile crudity.

quote:

Originally posted by BAGodbehere:

quote:

Duster6
Highly Experienced Member

Posted Fri 30 October 2009 07:56 AM Hide Post
I just find it strange that nobody else in Congress is demanding answers from Obama and why many are not speaking out.

They're sheep with rubber boots on their back legs, Obamas has his feet in those boots also,,they're too busy right now to write, maybe after they clean themselves up.

quote:

Originally posted by BAGodbehere:
A 45% decline?, WOW Govt. sure knows how to run a company don't they.

BTW, My family will never purchase any truck or car except for Ford,,NEVER. Put that in your pipe and smoke it Obama. A lot of people think like we do, obviously.

I have a new 09 Ranger in the garage for the very same reason. My dad is passed now but he was a retired GM worker. He'd be buying a Ford too, if he was still around.

quote:

Originally posted by Sand_Flea:

quote:

Originally posted by BAGodbehere:

quote:

Duster6
Highly Experienced Member

Posted Fri 30 October 2009 07:56 AM Hide Post
I just find it strange that nobody else in Congress is demanding answers from Obama and why many are not speaking out.

They're sheep with rubber boots on their back legs, Obamas has his feet in those boots also,,they're too busy right now to write, maybe after they clean themselves up.

BRAVO SIERRA like that is uncalled for. I remind you that is the POTUS you are maligning with your juvenile crudity.

Then he should take his feet out of the boots and leave the poor Congress Critters alone.

quote:

Originally posted by shuman14:

quote:

Originally posted by Sand_Flea:

quote:

Originally posted by BAGodbehere:

quote:

Duster6
Highly Experienced Member

Posted Fri 30 October 2009 07:56 AM Hide Post
I just find it strange that nobody else in Congress is demanding answers from Obama and why many are not speaking out.

They're sheep with rubber boots on their back legs, Obamas has his feet in those boots also,,they're too busy right now to write, maybe after they clean themselves up.

BRAVO SIERRA like that is uncalled for. I remind you that is the POTUS you are maligning with your juvenile crudity.

Then he should take his feet out of the boots and leave the poor Congress Critters alone.

Amazing the number of you fudgepackers that have such intimate knowledge of this bestial practice. Is this something you do regularly or just on weekends?

Sand Flea,,,
I learned it from watching you, you gotta fix that hole in the fence.

Lighten up brother, being serious all the time kinda sucks.