Automakers Meet Again!

Its looking like Detroit’s Big Three won’t be getting the bailout money anytime soon. And it looks to be mostly the Democrats fault. I say this because they have the most pull on Capitol Hill. The Senate’s Democratic leader Harry Reid said there still weren’t enough votes to tap the $700 billion federal bailout fund. Maybe Sen. Harry Reid should get a turbocharger and get both parties to work together. Because if they can’t put their differences aside we’re going to end up in a depression. And when that happens all the finger pointing starts. That’s just how things are done on Capitol Hill. Everyone loves to point the finger at the other just to satisfy themselves. I think the automakers will get the money, but they might have to wait until President-elect Obama comes into office next year. And that’s when Obama will give the loan their seeking.

Tags: Automakers

Traveling To Washington!

Detroit’s Big Three automakers will not be flying on their private corporate jets to Washington to ask for $25 billion in bailout money. The last time they came to Washington they all flew in on their corporate jets, which they where criticized for. I was reading that GM Chief Rick Wagoner would be driving in a company car as well as Ford Motor Co. CEO Alan Mulally. Chrysler LLC CEO Robert Nardelli also will not be taking the corporate jet out. The Chrysler spokeswoman said his travel plans would remain secret for security reasons. So I’m guessing that means he either taking a bus or someone is driving him in, I’m going with a driver. Anyway at lease they got a little smarter by simply driving this time. Maybe this act or show their putting on will get them the money they want, which I’m sure it will in the end.

Tags: Automakers, Bailout Money, Detroit’s Big Three, U.S. Congress