Tough Sell!
It seems that the Congressional Democrats and the White House have worked out a deal to save Detroit’s Big Three. The automakers will receive $15 billion in bailout money from the U.S. taxpayers. But the real question is, will we ever see that money again, I don’t think so. Unless we give them more money, about $100 billion over the next year. This $15 billion is only going to hold them over until President-elect Obama comes into office. Anyway, President Bush is expected to sign the bill to give the automakers their short-term loan. That’s if it even makes it off Capitol Hill. That’s because a lot on Capitol Hill thinks the automakers should take care of themselves, not the taxpayers. I can’t agree with them more. GM already said they would file for bankruptcy see by year’s end without the money. I think any automaker should fill for bankruptcy and see where the cards land. I would be willing to bet they would come out a lot stronger. The vote on Capitol Hill is coming up on Wednesday; we’ll all see what happens then.
