From: Travis Subject: CaglePost: A Question About Our Future Date: Monday, September 22, 2008
[image: THE CAGLE POST] <http://caglepost.com/> Would you like to reprint our cartoons on your site or in your publication? It's easy! Visit us here <http://politicalcartoons.com/>. * <http://caglepost.com/ticker.aspx>* Cartoon by Daryl Cagle<http://cagle.com/politicalcartoons/PCcartoons/cagle.asp>- Comment on the cartoon<http://caglepost.com/cartoon.aspx?id=62D0D463-6F7C-41FD-9EEF-729A6B1F169D> We have a great collection of cartoons called "Wall Street Collapse" LOOK!<http://cagle.com/news/WallStreetCollapse> *A Question About Our Future*<http://www.caglepost.com/column/Jesse+Jackson/7814/A+Question+About+Our+Future.html> by Jesse Jackson <http://www.caglepost.com/c/42/Jesse+Jackson.html> - Comment on the column<http://www.caglepost.com/column/Jesse+Jackson/7814/A+Question+About+Our+Future.html> Bear Sterns, Lehman Brothers, Fannie Mae, Freddie Mac -- the financial crisis keeps deepening. The stock market is taking a hit. But keep your eye on the real economy -- where people go to work and earn their money. We've had nine straight months of job losses. The plunge in industrial output in August was far worse than expected, led by a staggering 11.9 percent drop in production of motor vehicles and parts. Ford and General Motors are laying off workers across the country. Detroit is a basket case -- but it isn't just Detroit that's in trouble. So General Motors chief executive G. Richard Wagoner Jr. is looking for help from Washington. Not a bailout, but low-interest loans that can help the auto industry retool its assembly lines to build the cars of the future. Needless to say, the timing couldn't be worse. The Federal Reserve has just bailed out Bear Sterns, and opened lines of credit to the unregulated shadow banking system. The Treasury just absorbed Fannie Mae and Freddie Mac, essentially adding another $5 trillion directly to U.S. debt, and putting at risk some $200 billion directly. The deficit will soar to over $400 billion this year. And, of course, a slowing economy will drive down tax receipts and drive up spending. Moreover, the auto companies don't exactly evoke sympathy. For years, they arrogantly focused on building trucks and SUVs, low-mileage vehicles that generate higher profit margins than smaller, more efficient cars. They used their lobbying clout to block higher mileage standards at the federal level for years. They spent more energy on suppressing electric cars and battery technology than on developing it. For them, global warming was an image problem, not a national imperative. So why even think about providing help to these mastodons? I think there are... *READ MORE<http://www.caglepost.com/column/Jesse+Jackson/7814/A+Question+About+Our+Future.html> * * <http://www.cagle.com/news/fiore/main.asp> Check out Mark Fiore's newest animation, De-Elitification! *Follow Daryl each day on Twitter at: twitter.com/dcagle<http://twitter.com/dcagle> [image: Visit the newest cartoons by all of our cartoonists!]<http://caglepost.com/ticker.aspx> ------------------------------ *TO UNSUBSCRIBE (Do Not Reply): email [EMAIL PROTECTED] or CLICK HERE<http://list.caglepost.com/unsubscribe.aspx> . Copyright Cagle Cartoons Inc, Columns and cartoons copyright the respective cartoonists and columnists. All Rights Reserved.* -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
