Nov 18 2008
Auto Bailout? Whats Next?
I see that the major three automakers were on Capitol Hill lobbying for a government bailout around 25 billion dollars from what I hear. Now there is no doubt that that industry is struggling and need some kind of help. My real question though is who will be next. The insurance companies could be next than who after that.
I do agree some help is needed, but it has to be part of a plan that will get the big three competitive again. If you do not have a plan to move forward than the bailout is basically just free money which is something I just do not agree with. I guess we will see what happens in the next few weeks.
