Obama's administration turned down requests from auto parts makers for $10 billion in loans. Obama's administration favors factor closings, work force reduction and pressing low wages on workers. This is the exact opposite of the $15 trillion in loans that have been given to the financial sector because the worst offenders are "too big to fail ( Read more... )

The Senate rejected the auto bail-out planAs I've covered recently, the US government has spent more money bailing out the banks in America than we spent in World War II. The fed has given out about six billion in loans, and assumed about six billion in debt . . . much of which will never be recovered. When the fed did this, they made sure to ( Read more... )