Mrcauser’s Weblog

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What’s the big debate about “saving GM?”

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Give them the  money and get on with some thing else.
Anyone seriously
believe that the Dems are going to abandon the UAW? With out them and a
few left-wing nut job groups the Dems would disappear from serious
contention against the  the corporate machine controlled by the Repubs.

Democrats Plot Detroit Rescue – WSJ.com

Democratic leaders in Congress said Tuesday they will push legislation next week to use the $700 billion Wall Street rescue fund to bail out Detroit auto makers, and President-elect Barack Obama ordered his transition team to look at ways to aid the car industry even before his inauguration.

The moves come as General Motors Corp. has warned that it could face a debilitating cash shortage by year’s end. On Tuesday, GM stock fell an additional 13%. The Bush administration has balked at expanding the bailout to the stricken auto makers, saying it doesn’t have specific authority from Congress to do that.

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Written by mrcauser

November 18, 2008 at 7:36 pm

Posted in Uncategorized

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