American automaker's 25bn bailout looks doubtful
Propects for a bailout for US automakers under a Bush administration dim
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Comments (12)
radmeister
Bush is A-OK on this call, first good call he has made as president in 8 years.
November 19, 2008 6:40 pm
Iconic
Only reason why Bush is "a-ok" on this call is because the collapse of the industry would mean the breakup of one of the largest unions in the country. His motive for saying no is quite different than yours or mine. If there is a bailout, it has to have some crucial strings attached, otherwise it wouldn't be any different than the financial industry bailout.
November 19, 2008 7:13 pm
eddie
How about using that 25 billion on people that really need help the 5 million heading toward foreclosure.
November 19, 2008 9:22 pm
eddie
I wish I could belong to a car union or teachers union so everything is paid for until I die.
November 19, 2008 9:24 pm
Drag
can we be friends... your one of the few people here that make sense
November 19, 2008 10:46 pm
sensei
The problem with this is as Kramer said tonight on his Mad Money show - yeah the guys running the Big 3 are stupid slime balls, but right now is not the time for revenge. Letting the Big 3 go under will lead to a DEPRESSION. I agree with Kramer - lets get out of the woods for right now and in a few years once things have turned around, take 'em out behind the woodshed and shoot 'em.
November 19, 2008 9:47 pm
I agree with sensei...make em mop the floors and take the sh!t out the door before we butcher them.
Already we're seeing the effects of GM's woes here in Korea.
Suppliers to GM Daewoo are having to lay people off and cut shifts due to the low demands.
One supplier already filed for bankruptcy. The ripple effect is going to be felt for awhile everywhere around the world that has any association with an American auto maker.
November 20, 2008 3:32 am
