Filed under: bailout, politics, Uncategorized | Tags: bailout, Big 3 Auto, Chrysler, congress, Ford, GM
The Big Three Auto CEOs are back in DC. This time they drove hybrid cars, offered salary cuts, and had some type of plan. Now, I’m in now way saying what they’ve got is a good plan, but for the moment they appear more desperate than arrogant.
According to a poll by CNN, 61% of Americans oppose a bailout. I hear ya. I feel ya. And on many levels I agree with ya but….lets be real here for a minute. How many jobs will be lost by those employed by the Big Three? And how many jobs lost by companies that will go under if the Big Three go under?
I also wonder if this is a more emotion decision for many of us rather than an educated decision. We keep watching Big Business CEOs rake in big bucks, crap all over workers, and then hold out their hand for our tax money. I’m not just talking the Automobile Industry…how many investment/banking institutions have come to the government hat in hand?
I’m leaning towards a bailout here I’ll admit, but not without some serious oversight and concessions!
http://money.cnn.com/2008/12/04/news/companies/senate_hearing/index.htm
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