American Decent Into Marxism.

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a Burger King burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?

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GM Utilizing Subprime Lending To Increase Sales.

Remember the infestation that has brought the U.S. economy to its knees? Yes, the subprime lending...attempting to entice those to buy who actually cannot afford. Well, GM thinks it can utilize this diseased lending method to increase their car sales. What are they going to do when those who obtain these subprime loans don't pay them...ask for another bailout? Their company's situation seems terminal if they, in fact, utilize this method of enticement.
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GM: Subprime lending? Great idea!
Posted Apr 08 2009, 12:33 PM by Todd Harrison

While General Motors (GM) surely has a hangover from the credit crisis and faltering economy, it's hoping to cure some of the effects of that hangover with the hair of the dog that bit it.

GM’s finance division, GMAC Financial Services, is cutting financing costs and reviving subprime lending to speed up car sales and entice people back into GM showrooms. Subprime lending is the very thing that helped sink GMAC, and in turn, helped accelerate the parent company’s decline.

General Motors has been given a June 1 deadline to come up with a restructuring plan. Bankruptcy is the alternative. GM has relied on $13.4 billion of U.S. government loans to stay in operation since the start of the year.

Whether it's tequila or subprime loans to shaky borrowers, the hair of the dog rarely turns out well. It’s hard to see how it’ll be different this time for GM.

GMAC, which is owned by GM and private equity firm Cerberus Capital Management, announced at the start of April that it would make at least $5 billion available as loans to car buyers over the next 60 days. The end date for the program -- June 1 -- isn’t coincidental: GM must prove to the federal government by that day that it can ultimately survive on its own. GMAC is also providing loans to dealers to help them clear a backlog of unsold cars.

GMAC’s loans will be made available for buyers of both new and used cars. Buyers can have credit scores under 620 -- this crowd being the subprime gang. Just the term strikes fear into the hearts of past and present derivatives traders.

Back in October, GMAC restricted lending to customers with scores over 700. When the government provided GMAC $6 billion in loans, the minimum score was lowered to 620. The cash infusion was meant to allow GMAC to get more consumers the car loans they needed. Now it’s gone back under 620, a return to those halcyon days of lending. GMAC insists that the subprime group would be approved sparingly, but if it wants to show that business is improving, discretion isn’t a good idea.

U.S. auto sales dropped 37% in March, and GM’s sales were down 45%, though slightly better than estimates. This move, as a way to open up credit, smacks of desperation. Obviously, GM believes it must do something to get cars out the door again. But, then again, what does it have to lose?

Auto Bailout. Where are the economic advisers?

Tell me. Where are the economic advisers, the accountants, the good economists for the United States when decisions like the bailouts are being made in Congress?

If we are creating a bailout for these large auto corporations at 5% interest, how is it that we are making an investment? The reason I ask this is that we are paying out at least 5% in interest to foreign countries on the money we are borrowing for these bailouts. Doesn't the country have a good accountant/economist who can advise on a higher percentage of interest for these loans so that we can actually make money on this supposed investment?

Besides the interest issue, what about the profit being made by GM on its overseas sales? Are they really in such desperate need of the taxpayers money?

"Now GM is looking at its own international stable, and has its eye on China as a source of stopgap revenue for its North American operations. We've posted before on the fact that GM's international operations aren't doing too badly, and GM China sold 11.5 million vehicles last year -- more than any other manufacturer there. This year, it expects China sales volume to grow by 11- to 12-percent, and that means yuan in the bank." -- autoblog

So, shouldn't GM utilize its overseas profits at this time, instead of getting a handout that is composed of our future tax dollars with an interest our country is currently paying other countries for the money?

Additionally, shouldn't there be a mandatory restructuring of these enormous bureaucratic corporations in order for them to receive a dime of our money? And along with the restructuring, wouldn't it be prudent that the CEOs and other exorbitantly highly paid executives of these companies (Ford, GM, Chrysler) be taking a mandatory cut in pay, to a pay scale that actually fits standards of someone who should be accountable for the success of their company(s)?

The desire is not that additional U.S. jobs be lost. The desire is for accountability and basic accounting in general.

What do you think? Do you support this "bailout"? Or do you have a multiplicity of questions?