From the initial $25 billion last month, officials are now contending with a $34 billion bailout. These auto companies are losing money hand over fist and it is worrying that their cash requirements ballooned in the space of a month. I believe a turnaround for this industry without consolidation and painful reforms is unthinkable. Charity from taxpayers will result in more of the hat-in-hand circus.
1 comment:
big business should be told what the Service men and women get told when they develop mental problems.they do not qualify for benifits,that their condition is a personality disorder from prior service.NOTHING COMMING.
THE NOTHING COMMING SHOULD BE TOLD TO THE BIG BUSNESS AND WALL STREET THAT RAN THIS CONTRY INTO THE GROUND.
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