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To: marshmallow
...but financially, this is a non-issue really.

Yes, in the context of what has already been spent, I agree. And the market is apparently anticipating a Bush announcement of a TARP funds injection at any moment, now. The impact, however, will be very unfortunate in the long run.

The UAW must be brought to heel, if the Big (?) 3 have any chance of survival. A White House end run that effectively underwrites the union's position will only embolden the socialists who refuse to make any concessions at this point in time when constructive change could be initiated. If Bush caves, I believe that the handwriting will be on the wall for a collapse of the domestic auto manufacturers.

The stock market, as well, is now in perilous territory where it seems to wait each day for news of government bailouts to spark rallies. No doubt, there's lots more trouble ahead.
224 posted on 12/12/2008 8:30:56 AM PST by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground.-- Mencken)
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To: PerConPat

I blame this whole debacle on the loony social conservatives...if you guys would just be ok with a more libertarian candidate, we would see government shrink, but noooo, he’s mormon, or he may have been pro life at one time...WE must unite with fiscal conservatives everywhere!


233 posted on 12/12/2008 8:34:44 AM PST by WesA
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