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20%  
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Keyword: little3

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  • Motown Bailout - Have they thought this through? (yes, vanity)

    12/09/2008 7:58:14 AM PST · by Riflema · 6 replies · 278+ views
    self ^ | 12/09/2008 | self
    Please pardon the shameless vanity, I just wanted to raise a minor, technical point with the "big-3" auto bailout proposal. Perhaps some astute Freeper can clarify?If we lend $15-25B to the little-3, does this consitute a subsidy to the companies since it is, by definition, on terms superior to those available in the free market?.If we thus subsidize certain auto manufacturers does this expose these companies and our Govt to all manner of actions under the WTO, GATT etc.? Will the rest of the world's auto companies feel justified in grabbing their subsidy or otherwise "level the playing field"?. Great...