While we all have our eyes on Bernake, Paulson, Bush and $700,000,000,000,000.00 what is another $25,000,000,000,000.00 for some automakers. There were signs of distress and as the Financial Times reports (article) they have been lobbying Washington for sometime for a “loan”. The continuing resolution provides funding for $7.5bn, which is the estimated subsidy on the [...]
Tags: 100 000 jobs, american cars, auto company, auto industry, automakers, autoworker, blue collar workers, bond research, continuing resolution, corporate bond, financial times, investment bankers, keynesian perspective, laborer, life moves, private industry, suv sales, sympathetic victims, taxpayer dollars, unnecessary risk
