Abandoning The Constitution and free market prinicples auto maker CEO’s spent the day making their case to Congress for a government taxpayer funded bailout of their business practices.
The Senate may vote to give auto makers $25 billion of your money tomorrow just like they did with the banking industry last month.
When will the fascist welfare end?
Use the contact Congress widget in the top left column of Daily Newscaster to get the name and address of your Senator and let them know you will no longer support these criminal actions, wheter with funds from TARP (Troubled Assest Relief Program), reveisions of previous loans, or any new grants.
Congressman Ron Paul (R-TX) asks Fed Chairman Ben Bernanke what kind of conversations he has had involving a new reserve currency.
The typically confident Bernanke responds to Congressman Paul’s question with a quiver in his voice.
Updated @ 1:39 PM - EST
Ron Paul blasts the Fed and Treasury Secretary for not dealing directly with the underlying problems with the economy. Paul explains that price fixing and propping up failing business’ will not solve the pessimism of the markets.
Representatives Randy Neugebauer (R-TX) and Spencer Bachus (R-AL) question the judgment of Congress spending the wealth of future generations to bail out mega global corporations.
“If we don’t answer the question very soon. When does this stop? [spending taxpayers money] If we don’t I think the American people will simply rise up and stop us.” Said Congressman Bachus.
Last week 516,000 more Americans went on unemployment the fastest increase since 9/11. Currently nearly 7% of the U.S. workforce is without employment and that number is expected to rise into the new year.
Various retailers are going out of business as Wall Street sees further declines with blue chip companies drastically lower their fourth quarter forecasts.
The strangest thing of all is televisions paid pundits will still argue that there is no recession.
Video: Rueters New York - Small Business owners expect to add zero jobs in the next three months.
An effort to put a spot light on the nefarious activities of the Federal Reserve and it’s elite corp of private global bankers U. S. citizens are organizing an END THE FED RALLY.
Over 64 groups have already organized on the END THE FED website to meet at either the Federal Reseve bank in their area.
Many economist believe it is the negligence and out right criminal activities committed by the Federal Reserve and their member banks that caused the current global economic crisis.
Talk show host and filmmaker Alex Jones will join the Denver rally to be held on the 22nd.
Gerald Celente director of the Trends Research Institute is a political atheist unencumbered by political dogma or rigid ideology. Celente founded the Institute in 1980 and has written many books of trend projection and prediction, including Mega Trends, Trends 2000 and Trend Tracking.
Today on Fox Business the well known forecaster predicts fundamental shifts in American culture and politics as a result of a coming economic depression worse than the “Great Depression” of the 1930’s.
According to Celente we will see the “beginning of the end of a retail Christmas.” He warns putting food on the table will become the priority for American families in the next few years.
Prepare for a swift decline in standards of living as all government local, state and federal pass ever more taxes, fees, and licenses requirements against citizens. Mr. Celente says government must drastically cut spending.
1.) America will become the first “Undeveloped Country”
2.) Expect Revolution, Riots, Rebellion and Marches
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