It's no surprise that U.S. automakers are in trouble. Facing massive costs for health insurance, falling demand for mainstay products like trucks and SUVs, and skittish consumers worried about the economy, the Big Three face an uncertain future.
As the deepening financial crisis worsened yesterday, the Federal Reserve sought socialism as a cure and gobbled up another formerly private entity, the huge American International Group (AIG) insurance company, in an $85 billion bailout. The move was undertaken to prevent the bankruptcy of the nation's largest insurance company in what would have been, according to Bloomberg.com, "the worst financial collapse in history."
For decades, the health of General Motors has been equated, rhetorically at least, with the health of the U.S. economy. In the early 1950's when the company had more employees than the combined populations of Delaware and Nevada, GM President Charlie Wilson remarked, in a closed congressional hearing: "For years I thought what was good for our country was good for General Motors and vice versa. The difference did not exist. Our company is too big. It goes with the welfare of the country."
From the moment State Department planners in the Roosevelt administration began crafting plans for the United Nations, their goal was always the same: world government.
Religion, said Bertrand Russell, is “a disease born of fear and a source of untold misery to the human race.” Russell’s opinion has gained wide currency as the perception that Western Civilization is passing into a post-Christian phase gains hold. For the secular mind, this change to a post-Christian world can’t happen too soon. Religion to the secularist is a barbaric superstition, and a dangerous one, that tends to drive its most fervent adherents to violent acts. Proof of this, for those who hold this view, is found in the terrorist attacks perpetrated by zealots, like Osama bin Laden and others, who use religion to justify their murderous acts.
President Obama has signed into law an emergency appropriations measure intended to provide funds to stop teacher layoffs and to provide aid to financial strapped states. Critics charge, however, that the measure will harm economic recovery, stifle job creation, and harm low income families.