December 5, 2008 by Frank Lynch.

Ford screws America at same time they want taxpayers to bail them out. Ford’s CEO refuses to develop or build plug-in cars in the US “until we see evidence there is more demand for electric cars” which he said on television a few months ago.

How stupid and incompetent is this man? How dare Congress even consider giving him 50 cents, let alone billions of dollars?

 But wait, it gets even worse!

On CNBC today December 5, 2008, I watched the announcement of the US and China signed an agreement to reduce greenhouse gases. As part of that agreement Ford Motor Company agreed to build plug-in electric cars in China for sale in the China internal market.

Ford won’t build them here. Ford will do the research and development in China. Ford screws America.

Ford’s CEO said he will work for a salary of $1 next year if Ford takes taxpayer funds. But he did not say anything about his Christmas bonus this year. Watch him pay himself $30,000,000 year end bonus, and then pretend to be honorable when he workd for $1 next year.

Since nothing else has  worked, I regret that I must recommend that we nationalize Ford, GM and Chrysler and force them to stop building SUVs and convert all the SUV factories to plug-in electric cars and natural gas vehicles.

Their executives and their Boards of Directors are an exceptional combination of stupid, incompetent, corrupt and incredibly uninformed. They are hopeless and the  only way to get rid of them is to nationalize the auto makers before they pay tens of millions in year end bonuses which the taxpayers will never recover.

While we are at it, we must get rid of everybody in Congress, and pass a Constitutional Amendment that nobody who has ever served more than two years as a Senator or Representative may become President, because Congress is infected with the incurable virus that cause brain damage. have you ever watched Congressmen and Senators on CSPAN? How can we ever let them be President?

Recall that on my website as candidate for President in July 2007, I recommended plug-in cars at a time when neither Obama, Clinton nor any candidate of any party even knew there was such a thing as plug in electric cars.

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December 3, 2008 by Frank Lynch.

Everyone on the Boards of Directors of Ford, General Motors and Chrysler should have their names engraved on a new national monument to be built next to the Vietnam Wall. The new monument shall be titled “The Capitalist Wall of Shame.” These Directors should be shamed for all eternity, and be banned from serving on the Boards or as Officers of any publicly traded companies.

The auto executives are driving to Washington in Hybrids after being made fools of for flying in luxurious private jets last time they came to loot us taxpayers.

Their latest swindle is to claim they will work for only $1.00 a year in 2009 if they take taxpayer money.

What a nasty joke!!

What they are avoiding is that they are going to pay themselves such horrendously gigantic Christmas bonuses in 2008 that they will not miss a penny next year.

And what about their golden parachutes?

I suggest that we immediately nationalize the Big Three auto companies just to wipe out their golden parachutes and to ensure that nobody, absolutely nobody who works for these corrupt and obsolete companies receives a bonus.

You might say, why should the union members be penalized for the shortcomings of their stupid bosses? Car workers are among the highest paid workers in the world. If they cannot survive without a year end bonus, they need to take online courses in personal financial management, especially since they are going to get permanent pay-cuts, or become unemployed in cities where there are not only no other high paid jobs, but even the burger joints will be closing down because nobody has any money.

Nationalization will save the innocent suppliers from going bankrupt if the auto companies were to go bankrupt, because we would continue to pay suppliers.

The stockholders and the bondholders deserve to be wiped out because they kept voting the incompetent Officers and Directors back in office for thirty years.

The American system of corporate governance is broken and failed. Every year since 1973 all of the Big Three lost market share EVERY YEAR FOR THIRTY FIVE YEARS and the institutions and the public shareholder kept voting these morons back in control. If morons do that for 35 years they deserve to lose thier investment.

And anybody stupid enough to buy and hold stock and bonds of companies that lose market share every year, year in and year out for 35 years deserves to lose their money.

That is the principle of capitalism.

Unfortunately, our brand of capitalism has failed, and we need new ground rules for our companies, including truly democratic ways to oust and replace failing Directors.

Everyone on the Board of Directors of Ford, GM and Chrysler should have their names engraved in granite on a new Wall of Shame Monument to be build next to the Vietnam Wall.

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December 2, 2008 by Frank Lynch.

Ford, General Motors and Chrysler are the only auto companies in the world that are going bankrupt. Autos are a world market and all the other companies around the world are surviving. The American car companies have indisputably the worst management in the world, yet they are the highest paid.

President-Elect Barack Obama must exercise leadership here if his slogan of “Change You Can Believe In” is to have any meaning. Obama must make these demands of the car companies.

Before one penny of tax money goes to the Big Three, the top ten managers in each company must be fired.

It is a full one third of a century since the Muslims started raising the price of oil to punish America for supporting Israel against the Arabs, or at least that is what the leaders of Saudi Arabiaa said in their world wide press releases.

In that third of a century anyone with half a brain knew that oil would become more and more expensive. But half a brain is more than Detroit has.

Earlier this year I saw the head of Ford say that he would not spent any money on plug in cars unless he saw signs there might be a demand for them. The moron said that this year!

Additionally, the entire Board of Directors of the Big Three must resign as condition for a bailout. The Directors have failed to perform their duty to protect the stockholders from incompetent management.

Further, I believe that the stockholders should file derivative class action suits against all the Directors and management of the two publicly traded companies, GM and Ford.

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September 26, 2008 by Frank Lynch.

Historically, every time the Federal Reserve has taken over a bank or savings and loan, the failed institution has been seized by the Fed’s staff arriving at the target institution’s headquarters after the close of business on Friday night, so that the public has the opportunity to adjust to the shock over the weekend, and so that there will not be a run of withdrawals the next morning.

This time, it would appear that the Fed was manipulated by politics regarding the public opposition to the Democratic Congress’ support of Paulson’s $700 billion, no strings attached, gift to his colleagues on Wall Street.

By Thursday afternoon it was clear that the Republicans in Congress had finally decided to listen to the wishes of the voters, and were refusing to go along with the Democratic Finance Chiefs Senators Chris Dodd and detached Barack Obama.

So the Fed attempted to panic the public by taking over Washington Mutual on Thursday night instead of over the weekend.

The Fed is part of the criminal conspiracy seeking to panic the public and the ignorant buffoons in Congress into a fearful stampede or else the world will end!

This is contemptible manipulation of the public through false fear, identical to the strategy of fearful stampede into the second Iraq war.

Thursday’s seizure of Washington Mutual by the Fed is a despicable attempt to use fear and panic to stampede both Congress and the public into a totally wrong and incredibly absurd course of action.

The $700 billion gift to Wall Street makes no sense at all and does nothing to treat the root cause of our problem, which is the permission of the government to financial institutions to bundle mortgages into tradable security packages.

The first step in curing the problem is to outlaw CDO and CMO packages, because they separate accountability from risk, thereby encouraging what should be criminalized activity bu unscrupulous mortgage lenders.

Paulson’s and the Democratic Congress want the bailout package to include “adjusting” individual mortgages downward, not to the new market value of the home, but to what the borrower can afford. Who determines, and by what mechanism, what the borrower can afford.

The adjustment provision goes far beyond socialism: it is pure Communism and abject redistribution of wealth.

No financial system on earth, and no nation, can survive is the government haas the authority to “adjust” individual’s debts.

The bailout package may well be the end of America.

Call your Congressmen and tell them you oppose every aspect of the bailout package.

Current laws and the operation of the Federal Reserve are everything we need for the markets to reach equilibrium. No intervention by government can make the oversupply of housing disappear.

Local governments and pressures within the Democratic Party to seze the foreclosed homes, or to use taxpayer dollars to repo them, and use them for low cost community housing is nothing but the purest form of Marxist Communism that will bankrupt America.

Every elected official who supports the Bush/Chris Dodd/Barack /Obama/Democrats bailout plans should be impeached, AND I mean it.

If you want to impeach everyone who supports the mortgage bailout send a blank email to impeach2008@gmail.com

Then go to these sites and tell your elected officials that you “OPPOSE THE BAILOUT”

http://congressorg.capwiz.com/congressorg/directory/congdir.tt

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