It is not a giveaway it is a SPEED UP of EXISTING LOANS approved in Sept.
I am against everything that is being done in way of bailouts. Not one penny should be spent of taxpayer money to save any company no matter how LARGE it may be.
However a LOAN is not the same as a GIVEAWAY.
“However a LOAN is not the same as a GIVEAWAY.”
It is when later the loan remains unpaid. If the credit line of the little three were good, they wouldn’t need a govt loan. I would suggest a title pawn on their vehicles like the rest of the folks with bad credit have to do when they need some extra cash. The interest is high, but at least it’s not taxpayer subsidized.