Bull-friggin-crap! Bernanke can go jump off a cliff! The banks are not lending - credit markets are frozen solid. We give them money so they can pump it into the economy and what do the banks do with it? Sit on it. The auto industry model (while admittedly flawed) was based on a steady stream of people buying cars. Just go out there and try to buy one! You get terms that no sane person would agree to unless you plan to pay for one in cash. So what - a few mortgages end up in foreclosure/bankruptcy. Big whoop - so their profits are a few million or billion less. Read my lips - NO MORE BAILOUTS!!!!
Its sickening. I dont even want to talk about it anymore. I just cant believe the audacity of these boobs.