Automaker Bailout,  Day By Day

Day By Day by Chris Muir December 12, 2008 – 350 Million Owners

Dy By Day 121208

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.


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  • Babsy

    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…..

  • Ling

    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.

  • Babsy

    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).