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Response from Senator Boxer (CA) to my "no bailout" email.

Thank you for writing to me about H.R.7321, the Auto Industry Financing and Restructuring Act. I appreciate hearing from you on this vitally important issue.

H.R.7321 would have provided up to $14 billion in bridge loans or lines of credit to U.S. automakers to help these companies continue to operate. Any company that received funding could not have paid dividends to shareholders and would be obligated to pay back American taxpayers, regardless of the company's success. This bill would have also limited executive pay, banned large bonuses, required the companies to sell their private planes, and ensured that taxpayers benefit from any future profits.

As you probably know, H.R.7321 passed the House of Representatives but was blocked by a minority in the Senate. I am deeply disappointed that the Senate failed to act in support of our nation's domestic auto manufacturing.

I voted for this bill for three reasons - jobs, jobs, jobs. This nation has lost nearly 2 million jobs this year, and we simply cannot afford to lose any more. The collapse of even one of the "Big Three" automakers could result in the loss of as many as 2.5 million jobs - this is unacceptable.

There are signs that Treasury Secretary Paulson will act quickly to help save these jobs. In California alone, nearly 200,000 people are employed by auto dealers, manufacturers, and wholesalers. Their jobs and livelihoods, and millions more around the nation, are at stake.

Be assured that I will keep doing all I can to help get America's economy back on track. In the coming months, I will be working with the Obama Administration and my Senate colleagues to enact legislation to stimulate growth, create jobs, and make American businesses more competitive in the global economy.

Barbara Boxer
United States Senator




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The government needs to save jobs

otherwise the IRS won't have any income tax to collect! They just need to figure out how to steal your pension and health benefits without inciting riots, and the solution is to convince you that you should be grateful just to have a job: look at all the unemployed people out there who would love to have a job with no benefits because all the unemployment insurance is running out.

RP R3VOLution

I respectfully say, Ms. Boxer, "Keep drinking the ...

Punch, punch, punch!!" And, "No, thanks; I've had my fill of what you're serving in CA!" Which is one reason why I wear "High-waters"

jobs, jobs, jobs

Don't you just hate that kind of mealy-mouthed, bureaucratic, run-of-the-mill, horse shit?
That entire letter sounds like it's been typed up and mass produced like a can of coke.

"Tyrants fear nothing more than insubordination"

"It's just one big club... and WE ain't in it!"

Way too many words for any politician but Ron, xntryk1.

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

I called her a "poopy face".

It's a weapon I learned when my nephew was three--the ultimate insult.

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

Long term

Congress has the inability to think beyond tomorrow.

http://federalfallacy.com

What has happened is that we have created a consumer......

....society, where 80% of the jobs don't pay enough to live on. It just does not work.

Humans have always consumed.

You can thank the Fed/Govt. for debasing the currency -- that has much more to do with why people can't live on what they earn.

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

True

But the American consumer writ large has consumed far too much in comparison to what he/she has produced, on average.

_________________________________

My liberty-minded home base of thought:

www.ponderthis.net

_________________________________

Freedom - Peace - Prosperity

The problem isn't the consumption, it's the production.

Or, I should say, the destruction of production due to the destruction of the dollar and the post-1913 economy.

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

bigmikedude's picture

Ignorance and naiveness abounds among

the Washington idiots. What fools they are, what poor ignorant fools. Arrogant and foolish.

Please explain

Boxer, how are these people planning on keeping these jobs anyway. when no one can afford to buy these vehicles?