View Single Post
Old 11-16-08, 11:16 AM   #2
DeepIron
Sea Lord
 
Join Date: Aug 2007
Location: Too far from the Pacific right now...
Posts: 1,634
Downloads: 0
Uploads: 0
Default

Well, at east they're talking about doing it from the existing 700B bailout funds. It's a sad fact, but the auto industry in the US is one of the largest manufacturing and retailing segments in the economy. Frankly, we can't afford to have that large a section of our workforce laid off and drawing unemployment.

The upside is that the loan would come with 'strings attached', one of which will be for the Big 3 to produce more fuel efficient cars and trucks.

I'm not a fan of the bailout, and as I suspected, more than just the financial sector would want some of the cake... Might as well make the best of it 'cause there's nothing the average taxpayer can do about it.
__________________
RFB / RSRDC Beta Tester
RFB / RSRDC Modding Forum: http://forum.kickinbak.com/index.php
RFB Top Post link: http://www.subsim.com/radioroom/showthread.php?t=125529
RFB Loadout: RFB_V1.52_102408: RFB_V1.52_Patch_111608: RSRDC_RFBv15_V396
DeepIron is offline   Reply With Quote