“I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.” KnowsHardGovernmentChoicesPiecesCarWillingIndustryRepublicanPercentRateCome UpRelatedCashUnemploymentFederal GovernmentRevivalBankruptcyMichiganBipartisanDelegationBailoutsUnemployment RateAuto IndustryWarranty Author:Fred Upton
“It wasn't government that gave us nearly 50 million uninsured Americans and denials for pre-existing conditions. It wasn't government that gave us the yearly and lifetime caps on insurance coverage that have sent so many people into bankruptcy when they've faced a serious illness or accident... It wasn't government that gave us a system in which the gap between what we spend and what we get is so enormous. It was the free market.” PeopleGovernmentMillionsConditionsSeriousLifetimeIllnessAccidentsEnormousDenialGapsFree MarketCapsCoverageBankruptcySerious Illness Author:Paul Waldman
“The presently existing global financial and monetary system will disintegrate during the near term. The collapse might occur this spring, or summer, or next autumn; it could come next year; it will almost certainly occur during President William Clinton's first term in office; it will occur soon. That collapse into disintegration is inevitable, because it could not be stopped now by anything but the politically improbable decision by leading governments to put the relevant financial and monetary institutions into bankruptcy reorganization.” YearsFirstsGovernmentMightNextPresidentTermDecisionOfficeSummerSpringInstitutionsClintonFinancialInevitableAutumnRelevantCollapseNext YearMonetaryBankruptcyImprobableDisintegrationMonetary SystemReorganization Author:Lyndon LaRouche