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    like a hummer with teeth..., 2008-11-11 00:07:22 | Main | general morons..., 2008-11-12 23:25:47

    if there's anything worth rescuing somebody else will:

    Scanning through the list of GM-funded think tanks today, I haven't seen one yet that supports bailing out GM. Ironic and consistent.

    A $25 billion bailout for $4.3 billion Ford, $1.78 billion GM, and a similarly worthless Chrysler? No, we already gave them $25 billion, now they're asking for more, a lot more:

    Top executives of GM, Ford and Chrysler and the UAW president met with Congressional leaders Thursday to discuss getting a reported $50 billion in loans to help the companies withstand the weak economy and pay for future needs. The money would be in addition to $25 billion in loans that Congress passed in September to help retool auto plants to build more fuel-efficient vehicles.

    Good money after bad, though for the automotive industry a huge return on the investment.

    We could nationalize the industry for less than the cost of bailing it out.


:: posted by buermann @ 2008-11-11 15:33:43 CST | link





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