# 026 April 29, 2009
By: Allen Wells
GM has proposed giving the USG up to one half ownership (that’s 50%) in the company in return for another $11.6 Billion in loans… and they are proposing to pay off half of the $20.4 Billion it owes the UAW fund (to cover health care) by giving the Union ownership of another 39% of GM. Well, I’m no mathematician (thank God), but doesn’t fifty percent plus thirty-nine percent equal eighty-nine percent ownership?
Who gets the other eleven percent? Will it be the lenders and individuals that invested in the company? No, the USG is pressuring them to take less than 30 cents on the dollar for their investments (and their faith in the system).
America’s largest automobile manufacturer is about to be nationalized, state owned in a partnership between the bureaucrats at the USG and the United Auto Workers Union. Wow. On the brighter side (so to speak), I bet there is some happiness in hell today… Lenin and the rest of the dead socialists are probably leaping for joy… everything they dreamed of doing to America, but couldn’t… we are doing to ourselves!
The end is coming to our lifestyle. It will take some time to destroy the economic base and industries that have been created in America over the last two centuries, but make no mistake… the end is coming. We are rapidly becoming a one world organization, government by bureaucrats and planners, manipulated by crises and hysteria.
Take a look at the crisis of the day – the “swine flu pandemic”. Presently, approximately 150 people have died in Mexico City. World governments have moved in an amazingly coordinated process to lock down Mexico City and to “protect” their citizens. If the worlds governments have worked quietly and efficiently behind the scenes over the past few years to manage an influenza epidemic episode, then what else have our overseers worked together to control? More global financial meltdowns? Restructuring of the worlds banking systems to control all capital? The nationalization of major industries? I’m sorry, I was not aware that we have become the United States of China.
I do have a question about the swine flu crisis. This “pandemic” sure seems to be moving very slowly. If this is such a serious threat to global life, why aren’t people dropping dead all over the world? The Spanish Flu epidemic killed somewhere between 30 million and 100 million people in just 4 years. That’s 10 – 25 million people per year.
Epidemics are generally fast moving and [for the most part] unseen before it’s too late. We live in an age of crisis. Crisis takes our attention away from the truth. Crisis gives us something to worry about that takes precedence over everything else. Swine flu is not a crisis in America today. If your child breaks his (or her) arm and blood is spurting out and the bone is poking through the skin and you have to drop everything you are doing and rush the child to the hospital… that’s a crisis… wait - no, that’s an emergency. I guess if you get sideswiped on the way to work by some idiot that damages your car and you don’t have enough money for the deductible on your insurance… that’s a crisis… no, that’s an unfortunate situation, but it’s not a crisis.
What actually is a crisis? If you have no money, no place to live, you can’t care for your family and you cannot feed your family… that’s a crisis. In America today, how many families are really in crisis? How many true crises do we have?
“Crisis” has become one of the most ill-used, over-used terms of our generation. Everything is a crisis. This is much like the boy who cried wolf. In all honesty, I’m one crisis too deep to even care about the next crisis. We have the crisis of global warming, the crisis of nuclear proliferation, the crisis of Islamic terrorists, the crisis of the financial meltdown, the crisis at General Motors and Chrysler (hey, that almost sounds like crisis!), the crisis in Afghanistan, the crisis in Pakistan, the crisis in Somalia… Why is it that every crisis that appears, somehow, someway requires us, as American taxpayers to fund the response to these crises? Just asking.
The housing crisis is still around, but have no FEAR! This just out, Tuesday’s Wall Street Journal (article on page A2) tells us, “More Homes in California Are Selling.” The article states that sales of existing single family homes increased 64% from the prior year period and median home prices rose month-to-month for the first time since August 2007. Of course, you have to read down to the last two paragraphs of the article to find out that the improvements are “partly statistical”. Partly statistical? Is that like partly dead? Which part? As the article continues, “… the number of sales in March of 2008 was especially low.” What? That’s like asking someone you have not seen in a while, “how are you doing?” and they respond, “better.” Better than what?
The last paragraph of the article ends on a bright note (humor)… “Another concern is the recent ending of moratoriums on foreclosures by Fannie Mae, Freddie Mac and some big lenders. That is expected to lead to a new increase in foreclosures in California and elsewhere over the next few months.” I don’t believe the housing crisis is over!
Housing date released yesterday showed housing prices declined overall at a slower rate in February than in January. January’s decline was 19%, and February’s decline was 18.63%. We are told this is a good news and a call for celebration… should we really be celebrating an 18.63% in home prices?
Hmmm…. I wonder what the next crisis will be… “meet the new boss, same as the old boss.”
With warmth and regards (as always),
Allen
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