Breaking News Thread

[who else but rk]

its funny, because i got into an argument with someone aobut if the bailout for the auto industry is right and if it is wasting money and there is no benifet to it. i just asked " doesnt your dad drive a jeep?"

[Krandall]

I was reading, there's about 1,000,000 jobs tied to the auto industry in america.
that's fookin nuts. maybe they can make guns or tanks like during the depression.

[Krandall]

http://news.yahoo.com/s/ap/20081208/ap_on_re_us/military_jet_crash

SAN DIEGO – Military officials say a fighter jet pilot ejected safely moments before his plane crashed into a San Diego neighborhood.

Two homes were destroyed and another damaged by the crash Monday of the F/A-18D Hornet jet. A statement from Marine Corps Air Station Miramar says the fiery crash occurred two miles from the base as it prepared to land.

San Diego fire and rescue spokesman Maurice Luque says he doesn't know whether anyone on the ground was injured.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

SAN DIEGO (AP) — An F-18 military jet approaching a Marine base crashed near a busy highway in a densely populated San Diego neighborhood Monday, sparking at least one house fire.

The pilot ejected, but it wasn't immediately clear whether the pilot or anyone on the ground was injured, officials said.

The plane crashed around noon Monday as it prepared to land at Marine Corps Air Station Miramar, said Ian Gregor, a Federal Aviation Administration spokesman. The crash occurred two miles from the base.

Gregor did not know the pilot's condition or how many people were in the plane before it crashed near Interstate 805.

A high school sits near the crash site. Television news footage showed what appeared to be the remnants of a smoldering house and two cars on fire.

Steve Krasner, who lives a few blocks away in the earthquake-prone region, said he first thought the shaking generated by the crash was the long-anticipated "Big One."

He was in his kitchen when he heard two loud explosions and looked outside, then heard a larger blast.

"The house shook; the ground shook. It was like I was frozen in my place," Krasner said.

"It was bigger than any earthquake I ever felt," he said. "The flames were billowing overhead."

Dean Costa, who was about two blocks away at his father's house, said he felt the building vibrate, then made his way close to the crash site and saw two houses on fire and several cars explode.

"It was just crazy," said Costa, 22. "There was debris everywhere."

Maurice Luque, a spokesman for the San Diego Fire-Rescue Department, said he didn't know whether anyone on the ground was injured.

A Miramar spokeswoman said base workers were sent to the crash site.

"We are still trying to confirm the aircraft even belongs to us," said Marine Staff Sgt. Bobbie Bryant.

The F-18 is a supersonic jet used widely in the Navy and Marine Corps and by the Navy's stunt-flying Blue Angels. An F-18 crashed at Miramar in November 2006, but the pilot ejected safely.

Miramar, well known for its role in the movie "Top Gun," is home to some 10,000 Marines. It was operated by the Navy until 1996.

[Peelz]

I was reading, there's about 1,000,000 jobs tied to the auto industry in america.
that's fookin nuts. maybe they can make guns or tanks like during the depression.

It is more than that Krandall. Very sad.

[Flynbyu]

its funny, because i got into an argument with someone aobut if the bailout for the auto industry is right and if it is wasting money and there is no benifet to it. i just asked " doesnt your dad drive a jeep?"

1 in ten jobs in the US are tied to the automobile industry, including my own.

Dungbeetle's too.

~Brian

[kyledvor61]

its funny, because i got into an argument with someone aobut if the bailout for the auto industry is right and if it is wasting money and there is no benifet to it. i just asked " doesnt your dad drive a jeep?"

1 in ten jobs in the US are tied to the automobile industry, including my own.

Dunbeetle's too.

~Brian

My dad makes parts for GM

[Peelz]

its funny, because i got into an argument with someone aobut if the bailout for the auto industry is right and if it is wasting money and there is no benifet to it. i just asked " doesnt your dad drive a jeep?"

1 in ten jobs in the US are tied to the automobile industry, including my own.

Dunbeetle's too.

~Brian

let's not even get into the global market.

Mother in law makes wiring harnesses for steering column controls. Ford I think?

[Mad Dog]

Why was 800 billion given away so readily to financial institutions while the auto industry asks for less than 5% as much money and has to go through hoops and a national debate?

[Krandall]

Why was 800 billion given away so readily to financial institutions while the auto industry asks for less than 5% as much money and has to go through hoops and a national debate?

Because if the banks go under, no one can spend borrowed money (what the US of A) lives on. Vs. cars... No one really needs to buy new cars.

[Mad Dog]

Why was 800 billion given away so readily to financial institutions while the auto industry asks for less than 5% as much money and has to go through hoops and a national debate?

Because if the banks go under, no one can spend borrowed money (what the US of A) lives on. Vs. cars... No one really needs to buy new cars.

No jobs = no one to pay back borrowed money.  And there were a lot more than your corner bank involved in the big bailout.

[Krandall]

I understand.. Sure the big 3 offer large ammounts of jobs to people around the country, but it's not everyone.

[Peelz]

Why was 800 billion given away so readily to financial institutions while the auto industry asks for less than 5% as much money and has to go through hoops and a national debate?

there was plenty of debate for both.

[Flynbyu]

Why was 800 billion given away so readily to financial institutions while the auto industry asks for less than 5% as much money and has to go through hoops and a national debate?

Agreed. WTF?

They are using that on bad debts, not in the credit markets.



~Brian

[socalrappy700]

Clearing the bad debts will free up the lending money.  But I agree there shouldn't be such a stink over the automaker bailout.

Oh, and breaking news for the day.  Or great Gov. Blagojevich was taken into federal custody this morning.  I'll keep you posted as the news breaks.  This was one reason I didn't vote for Obama, Illinois politics is the most corrupt you'll find.  Two governors from this state will be in prison at the same time.

http://news.yahoo.com/s/nm/20081209/us_nm/us_blagojevich_investigation

[Flynbyu]

WTF?

Holy hell!

~Brian