Bail-Out De Ja Vu: The Auto Industry Now Wants $34Billion
Just like AIG and the rest, bumping up the “what we need to survive” number, the auto industries Big-3 now want $34 Billion instead of the $25Billion they were previously pleading for. And odds are, the idiots in D.C. will most likely give it to them. ‘Madame NO’ was trying so hard (and failing miserably) to sound tough last night, about how they’d deal with the Auto-Exec’s. But since a significant portion of their campaign funding comes from big labor, like the UAW, Pelosi’s Congress will cave in. You know the Dem’s aren’t about to turn their backs on that giant campaign cash cow.
So like lambs being led to the slaughter, the taxpayers pocketbook will most probably be once again sacrificed to the gods of appeasement. And the concessions the auto-exec’s are making, just aren’t cutting it. Sorry, but a $1 a year salary isn’t going to sway me. That only worked for Lee Iacocca, because he actually knew what he was doing. And making the trip to D.C. in hybrids in lieu of corporate jets (which they are now offering to sell) isn’t going to be enough to persuade me either.
What would give me some interest in assisting the auto industry?
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