$25 billion is just the first go round (except of course for Chrysler). No one of the three is saying that there won't be further requests on the (very near) horizon.
The thread topic is whether the government should bailout the automakers. As a taxpayer, I don't want to loan money to an industry being run by the clueless and operated as anything other than a profit center. If this is a loan, then I want nothing less than at least a viable business plan whereby I can expect complete repayment of principal and interest.
Quote:
Originally Posted by Len_A
...Yea, right. and the rest of us who depend on them can go pound sand, right?
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LenA, you are not the first person to find yourself amongst the unemployed/underemployed. Others have found themselves "down-sized", "right-sized", "out sourced", "layed off" etc. and ad nauseum and never have I seen the amount "bail me and my company out" posts. Why do those in the auto industry seem to feel that they are entitled to their jobs moreso than others?
On another note, it sounds like Bush has moved to increase unemployment benefits by an additional 7 weeks and top of the existing 13 week extension.