Long Enough!

It seems that the Senate can’t get things moving on this $14 billion bailout for the automakers. And President Bush is trying to get a few of the Republicans to agree on the plan. But a lot of them are sticking to what they believe in and are going to vote no on the bailout. If there’s not a majority vote the bill will die. And if that happens the U.S. Market as well around the world will all fall deeper. I personally don’t care if the bill fails; my 401k has already hit rock bottom, as well as others. I guess we shouldn’t really look at that thought. I do know if they fail a lot of jobs will be lost, but most of these jobs are going to be cut either way. If any one of the automakers falls it will affect vendors and even hit the car insurance industry. So should we let them fall or save them, I really don’t have an answer for that. But whatever choice is made I sure hope it’s a good one.

Tags: Automakers, Bailout Money

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