House Authorizes Loan For Auto Makers
Lost in the Big Bailout debate was this little nugget. Unable to get credit from the financial industry, American automobile manufacturers have asked for a loan from Uncle Sam to the tune of $25 billion. The article stresses that it's a loan, which must be repaid.
It still needs to pass the Senate and the White House, which I'm confident it will this being an election year.
As for the Big Bailout, I've been watching a lot of the committee hearings and reading what I can find in the small space of time that I have. I intend to blog about it but things are moving so quickly (and I can't blog that fast) that I'm holding onto the bile for now.
\_/
DED
It still needs to pass the Senate and the White House, which I'm confident it will this being an election year.
As for the Big Bailout, I've been watching a lot of the committee hearings and reading what I can find in the small space of time that I have. I intend to blog about it but things are moving so quickly (and I can't blog that fast) that I'm holding onto the bile for now.
\_/
DED
posted by DED at 9:55 PM
3 Comments:
I'm holding no bile. This is bullshit, pure & simple.
I'm against it, without equivocation.
I understand the need to keep things running, but where is the accountability?
Mike: Good! IMO, you should be.
DCup: Sorely lacking. With this administration, that should come as no surprise.
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