Well crap - would have thought this would turn out differently

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From USA Today:
Congress, White House talking $15B auto bailout
Stunned by the loss of 500,000 jobs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered auto industry. President George W. Bush warned that at least one of the Big Three carmakers might not survive the current economic crisis.

Several officials in both parties said a key breakthrough on the long-stalled bailout came when House Speaker Nancy Pelosi bowed to Bush's demand that the aid come from a fund set aside for the production of environmentally friendlier cars. The California Democrat spoke to White House chief of staff Josh Bolten during the day to signal her change in position, they added.
Overwhelming public opinion is against the bailout. If the companies go though bankruptcy, they will not cease operation, they will continue operation while reorganizing and negotiating with their creditors. Giving them a bailout only serves to reinforce their stupid behavior and incompetent management. We bought a Subaru outback a few years ago and looked at a lot of cars before deciding on it. Our next car will most likely be another Subaru as they are bringing their turbo-Diesel engines to the states soon. If the big-three made a passenger car that fit our needs, we would certainly take a look at it but they do not -- and there are a lot of Subarus out on the roads these days...

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About this Entry

This page contains a single entry by DaveH published on December 5, 2008 9:29 PM.

Awww Crap - R.I.P. Forrest J Ackerman was the previous entry in this blog.

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