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To: TigerLikesRooster
The biggest problem with a bailout is that there is no reason to think it will fix anything. If we dole out $25B now the car companies will be back in 6 months looking for the next installment.

The proposed financial help will do nothing but briefly postpone the inevitable. GM and Ford are burning through cash at an incredible rate. The weak economy and reduced demand only makes it worse.

The bailout is pure political pork.

20 posted on 11/17/2008 10:29:08 AM PST by Senator_Blutarski (No good deed goes unpunished.)
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To: Senator_Blutarski
If we dole out $25B now the car companies will be back in 6 months looking for the next installment.

6 months might be enough time for Democrats to pass universal health care, so the Big 3 can shed its health care obligations to UAW members and retirees. Kudos to Kyl, Sessions, Inhofe and the other GOP Senators who are calling this what it is.

22 posted on 11/17/2008 10:40:36 AM PST by randita (2 Chronicles 7:14)
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