12
12
2008
Day By Day by Chris Muir December 12, 2008 – 350 Million Owners
Posted by: Flap in Automaker Bailout, Day By Day
Day By Day by Chris Muir
Well, Chris, the automaker bailout bill failed in the U.S. Senate late last night (52-35, with 60 votes required for cloture) but this morning President Bush is considering using TARP funds anyway. As you remember the TARP funds are the previously approved $700 million for the financial services bailout.
Obviously, the stock market does not like the bailout failure with an overnight sell off in overseas markets and our Dow just opened 200 points down.
Flap bets Bush will bail the Big 3 auotmakers out and back to business as usual.
Previous:
Technorati Tags: Day By Day, Automaker Bailout, TARP
Entries (RSS)
December 12th, 2008 at 8:05 am
But I thought the Way to prosperity was taxing the rich, mo’ gubbmint ‘oversight’ of the eville capitalist pigs, and inclusion of the less able by the unions…..
December 12th, 2008 at 10:35 am
You know, these companies are talking about bankruptcy like its going to wipe out every job in Detroit. That’s a bit of an exhaggeration, isn’t it? I mean, even if they do file for bankruptcy, doesn’t mean they have to close up shop and send the employees home. Just would mean cutting back on unnecessary expenditure and not taking on any more debt.
December 13th, 2008 at 10:16 am
This crisis in the country is so bad.
December 13th, 2008 at 10:35 am
Re: This crisis in the country is so bad.
Nearly every bit of which can be laid at the feet of the incredibly greedy, corrupt, and detestable democRATs in their incessant power struggle to destroy America and replace it with a socialist state (which they run, of course).