Source: GM to Begin Repaying Aid by Year-End - FOXNews.com
WASHINGTON -- General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter.
The government debt represents about 13 percent of the $52 billion that U.S. taxpayers have invested in General Motors, the majority of which was exchanged for a 61 percent ownership stake in the company.
GM will announce the repayment plan Monday when it releases its preliminary third-quarter earnings results, the person said, speaking on condition of anonymity. The person was not authorized to speak publicly about the plan ahead of the announcement.
Thank you, GM! It looks like the American Automotive industry is slowly recovering.
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Monday, November 16, 2009
Iran Slams U.S. Moves to Seize Muslim-Owned Properties
Iran Slams U.S. Moves to Seize Muslim-Owned Properties - Local News News Articles National News US News - FOXNews.com
NEW YORK — Iran on Sunday denounced as 'disgraceful' U.S. moves to seize four mosques and a New York City skyscraper owned by a Muslim nonprofit organization suspected of Iranian links.
Ali Larijani said the moves show that President Barack Obama's slogan for change was deceitful and he was no different from his predecessor George W. Bush.
I think that this is very interesting. The US has offered to discuss the situation regarding their enrichment program. Iran has rejected it. If Iran has nothing to hide, why won't they discuss this openly.
As I had mentioned before, we have given Iran too much time and opportunities. I think they will have a nuclear weapon shortly or may have one already.
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NEW YORK — Iran on Sunday denounced as 'disgraceful' U.S. moves to seize four mosques and a New York City skyscraper owned by a Muslim nonprofit organization suspected of Iranian links.
Ali Larijani said the moves show that President Barack Obama's slogan for change was deceitful and he was no different from his predecessor George W. Bush.
I think that this is very interesting. The US has offered to discuss the situation regarding their enrichment program. Iran has rejected it. If Iran has nothing to hide, why won't they discuss this openly.
As I had mentioned before, we have given Iran too much time and opportunities. I think they will have a nuclear weapon shortly or may have one already.
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Obama Urges Congress to Delay Fort Hood Investigation
Obama Urges Congress to Delay Fort Hood Investigation - FOXNews.com
President Obama on Saturday urged Congress to hold off on any investigation of the Fort Hood rampage until federal law enforcement and military authorities have completed their probes into the shootings at the Texas Army post, which left 13 people dead.
Agree with the President on this one. Let's let law enforcment and the military complete the investigation before Congress gets involved with it.
Given Congress' past track record on investigations, we will have more questions than answers.
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President Obama on Saturday urged Congress to hold off on any investigation of the Fort Hood rampage until federal law enforcement and military authorities have completed their probes into the shootings at the Texas Army post, which left 13 people dead.
Agree with the President on this one. Let's let law enforcment and the military complete the investigation before Congress gets involved with it.
Given Congress' past track record on investigations, we will have more questions than answers.
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Sunday, November 15, 2009
Time Is Running Out for Iranian Nuclear Deal, Obama Says
Time Is Running Out for Iranian Nuclear Deal, Obama Says - FOXNews.com
SINGAPORE -- President Obama pushed Sunday for continued pressure on Iran and its nuclear program. Appearing with Russian President Dmitry Medvedev, Obama said "we are now running out of time" for Iran to sign on to a deal to ship its enriched uranium out of the country for further processing.
As for me, time ran out a long time ago when it comes to Iran. We have given them too much time and they have gotten further and further in their enrichment program.
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SINGAPORE -- President Obama pushed Sunday for continued pressure on Iran and its nuclear program. Appearing with Russian President Dmitry Medvedev, Obama said "we are now running out of time" for Iran to sign on to a deal to ship its enriched uranium out of the country for further processing.
As for me, time ran out a long time ago when it comes to Iran. We have given them too much time and they have gotten further and further in their enrichment program.
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Tuesday, November 10, 2009
Radical Imam Praises Alleged Fort Hood Shooter, Urges Muslims to "Follow in Footsteps"
Radical Imam Praises Alleged Fort Hood Shooter, Urges Muslims to 'Follow in Footsteps' - International News News of the World Middle East News Europe News - FOXNews.com
The personal Web site for a radical American imam living in Yemen who had contact with two 9/11 hijackers is praising alleged Fort Hood shooter Maj. Nidal Malik Hasan as a hero.
The posting Monday on the Web site for Anwar al Awlaki, who was a spiritual leader at two mosques where three 9/11 hijackers worshipped, said American Muslims who condemned the attacks on the Texas military base last week are hypocrites who have committed treason against their religion.
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The personal Web site for a radical American imam living in Yemen who had contact with two 9/11 hijackers is praising alleged Fort Hood shooter Maj. Nidal Malik Hasan as a hero.
The posting Monday on the Web site for Anwar al Awlaki, who was a spiritual leader at two mosques where three 9/11 hijackers worshipped, said American Muslims who condemned the attacks on the Texas military base last week are hypocrites who have committed treason against their religion.
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Thursday, November 5, 2009
Republicans Rally Resistance to Health Care Bill, as House Vote Nears - FOXNews.com
Republicans Rally Resistance to Health Care Bill, as House Vote Nears - FOXNews.com
As a crowd of protesters shouted "kill the bill," House Republicans on Thursday rallied opposition against the Democrats' health care legislation, even as President Obama touted two major endorsements from doctors and seniors groups.
While I have been traveling, I have talked to a lot of strangers. The one thing we have in common in discussion is the health care bill. No one likes what Congress is doing. Many say the same thing. "VOTE THEM ALL OUT OF OFFICE!"
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As a crowd of protesters shouted "kill the bill," House Republicans on Thursday rallied opposition against the Democrats' health care legislation, even as President Obama touted two major endorsements from doctors and seniors groups.
While I have been traveling, I have talked to a lot of strangers. The one thing we have in common in discussion is the health care bill. No one likes what Congress is doing. Many say the same thing. "VOTE THEM ALL OUT OF OFFICE!"
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Tuesday, November 3, 2009
Sources: House Health Bill Totals $1.2 Trillion
Sources: House Health Bill Totals $1.2 Trillion - FOXNews.com
WASHINGTON -- The health care bill headed for a vote in the House this week costs $1.2 trillion or more over a decade, according to numerous Democratic officials and figures contained in an analysis by congressional budget experts, far higher than the $900 billion cited by President Barack Obama as a price tag for his reform plan.
While the Congressional Budget Office has put the cost of expanding coverage in the legislation at roughly $1 trillion, Democrats added billions more on higher spending for public health, a reinsurance program to hold down retiree health costs, payments for preventive services and more.
I guess we are finally talking "real" money here. What's a trillion dollars here and trillion dollars there. The cost of health care is spiraling out of control. We need to address that more than anything else. Think about it. I used to pay $5 for a prescription. The actual cost is almost $40. Since most people including our own doctors are insulated from the true prices of health care, they have no clue what it is costing someone. It doesn't matter who pays for the health care. Ultimately, we all do either through government programs or through higher premiums.
I have friends who are doctors and they are considering going to a cash only system. They are tired of the insurance problems and employing more people just to handle the red tape of the insurance companies. In some offices, there are more people who handle insurance than those who handle patients. Don't you think that's crazy.
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WASHINGTON -- The health care bill headed for a vote in the House this week costs $1.2 trillion or more over a decade, according to numerous Democratic officials and figures contained in an analysis by congressional budget experts, far higher than the $900 billion cited by President Barack Obama as a price tag for his reform plan.
While the Congressional Budget Office has put the cost of expanding coverage in the legislation at roughly $1 trillion, Democrats added billions more on higher spending for public health, a reinsurance program to hold down retiree health costs, payments for preventive services and more.
I guess we are finally talking "real" money here. What's a trillion dollars here and trillion dollars there. The cost of health care is spiraling out of control. We need to address that more than anything else. Think about it. I used to pay $5 for a prescription. The actual cost is almost $40. Since most people including our own doctors are insulated from the true prices of health care, they have no clue what it is costing someone. It doesn't matter who pays for the health care. Ultimately, we all do either through government programs or through higher premiums.
I have friends who are doctors and they are considering going to a cash only system. They are tired of the insurance problems and employing more people just to handle the red tape of the insurance companies. In some offices, there are more people who handle insurance than those who handle patients. Don't you think that's crazy.
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