Bailouts
Bailout Or Bankruptcy
Bush’s Parting Bailout?
Perhaps congress wont bail out that automakers. If they don’t, maybe they’ll opt for that pre-negotiated bankruptcy which will allow them to bust the union or get the concession from the union that it wants. The problems with the car makers goes far deeper than the labor unions, regardless of what Fox News wants people to believe.
If congress does nothing, it wont have to face the wrath of the American people whom don’t seem to want any part of this. Seem to be bailouts every where but no one is bailing out you or me. IF congress does nothing the automakers will likely find a way and if they just can’t find a way, then Bush’s administration can step in and do the dirty deed.
Depression or Auto Bailout
Automakers and The Bailout
The automakers showed up in Washington again on Thursday. Some are calling it “Bailout Thursday”. Part of me wants to test GM. GM says it can’t make it to the end of the year without help. That’s not that far away! I think they’ll make it.. I really do hope so.
One congressman, that I saw, asked again, where’s the plan to turn this around. What are you going to do to fix it. How will you start making money? He went on to say that if they showed up at a bank with this type of information, the loan would probably be denied.
American Currency
American Currency Will Fall?
American currency, dollars if you prefer will likely fall in December. The US dollar usually falls in December, at least in an article published by the Wall Street Journal. But these are not normal times and the downward spiral may be stronger than usual.
Who Deserves to Be Bailed Out?
Citibank, Automakers Bailout Are Not About Who Deserves It.
Watching Fox News (no real choice for me) I see the talking heads discussing who deserves a bailout, the white collar workers at Citibank or blue collar workers at GM and other auto makers. The answer is easy, none of them do. It is the people of the US that deserve it. The entire economy deserves it.
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