OAG
Thinks s/he gets paid by the post
Something confuses me about the latest Car Bailout (which is nothing new, I am confused by most of them). Here we have a few companies that have been literally bleeding cash at a rate of about $3-6 Billion Dollars A MONTH and we want to give them another $50 Billion. I know it is a "loan" but if they go belly up the loan does not get repaid. Frankly, I do not see the auto industry, and new car sales coming back to a profit in the next 8-10 months, when the money will be used up. Then what, another bailout, bankruptcy, some magic we do not know about?
Reid, Pelosi Urge Treasury to Extend Aid to Automakers
Reid, Pelosi Urge Treasury to Extend Aid to Automakers