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Individual liberty anywhere is a threat to the Progressive-Collectivist Cause everywhere.
Ever since General Motors first approached Congress for emergency bailout funds, taxpayers have gradually lost interest in the government's ownership stake in America's largest automaker. Yet nearly half of the $43.3 billion total loss the Treasury will suffer on its 2008-09 financial rescue comes from its "investment" in GM.(full story at investors.com)GM's "forgotten bailout" will likely cost taxpayers more than any other non-housing program of the bailout era, even before factoring in supplier assistance or unprecedented tax write-offs for GM on pre-bankruptcy losses.
The National Socialist German Workers Party wins more than 38% of the vote in German elections (1932)
Under instructions from Adolf Hitler, Nazi official Hermann Göring, orders SS General Reinhard Heydrich to "submit to me as soon as possible a general plan of the administrative material and financial measures necessary for carrying out the desired final solution of the Jewish question." (1941)
Fidel Castro hands over power temporarily to brother Raúl Castro (2006)
b: Deval Patrick (1956); d: Andrew Johnson (1875)
New Orleans's Democratic government orders police to raid an integrated Republican Party meeting, killing 40 people and injuring 150 (1866)
Ajoint resolution of the U.S. Congress is signed by President Dwight D. Eisenhower, authorizing "In God We Trust" as the U.S. national motto (1956)
President Lyndon B. Johnson signs the Social Security Act of 1965 into law, establishing Medicare and Medicaid (1965)
President Barack Obama holds the so-called "beer summit" at the White House with Harvard's Henry Louis Gates and the arresting officer Sgt. James Crowley of the Cambridge Police Department, in order to address the issue of Obama stating that the police department had "acted stupidly" in arresting Gates (2009)
President Barack Obama travels to the Detroit, Michigan area to promote the government bailout of GM and Chrysler (2010)
b: Georg Wilhelm von Siemens (1855), Eleanor Smeal (1939), Pat Schroeder (1940); d: Otto von Bismarck (1898), Jimmy Hoffa - disappeared (1975)
King Umberto I of Italy is assassinated by Italian-born anarchist Gaetano Bresci (1900)
Adolf Hitler becomes leader of the National Socialist German Workers Party (1921)
b: Benito Mussolini (1883), Melvin Belli (1907); d: Herbert Marcuse (1979), Robert Moses (1981)
Austria-Hungary declares war on Serbia after Serbia rejects the conditions of an ultimatum sent by Austria on July 23 following the assassination of Archduke Francis Ferdinand (1914)
Diplomatic relations between the Soviet Union and Spain are established (1933)
President Barack Obama reads a big speech in Edison, NJ about his so-called 'Small Business Jobs Initiative' (2010)
b: Ludwig Andreas Feuerbach (1804), Harry Bridges (1901), Hugo Chávez (1954); d: Maximilien Robespierre (1794)