Be INFORMED

Thursday, December 04, 2008

Big 3 Automakers Back to Congress...

    Wednesday to beg for money once again.

    Senate Leader Harry Reid says that they do nor have the votes in the Senate to get money to the automakers. Not out of the $700 billion fund for the Wall Street crooks. That is pretty damned pathetic to give swindlers and cheats access to $700 billion for a product which does America no good, but we can't help one of our manufacturers?

Chrysler's Vice Chairman:

   "We're on the brink with the U.S. auto manufacturing industry. We're down to months left," Chrysler's vice chairman, Jim Press, told the AP in a separate interview. "If we have a catastrophic failure of one of these car companies, in this tender environment for the economy, it's a huge blow. It could trigger a depression."

   So, where might other finding sources come from?

   The Bush administration and auto-state Republicans and Democrats are pushing to help the automakers with aid from a different source: a previously approved $25 billion program that's supposed to be used to help them produce more environmentally advanced vehicles.

   The second half of Wall Street's $700 billion bailout is due to be released after the Bush Crime Syndicate request it. If I were Reid, I'd say sure you can have the money, minus $35 billion for Detroit.  Otherwise, no dough. Of course, Reid has no spine, so this will not happen.

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