Bush Rescues the Automakers? Strange.

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I agree completely...
Without arguing the pros and cons of the $17B bailout (I opposed it, by the way), do you feel it was done only to get the "Big Two" into 2009 so Obama can handle the issue or does the wording of the bailout amount to a time bomb with impossible terms that come due on 3/31/09? A third possibility would be that GM and Chrysler successfully make hard changes and turn the company around by 3/31/09...
Just curious.

Kurt of VA 12:56AM December 21, 2008

For Obama to handle.

HillbillyBill of TN 4:14PM December 19, 2008

For Obama to handle.

HillbillyBill of TN 4:14PM December 19, 2008

I think it is OK now that he has tied it to the restructure and auto workers wages but I think that without bankruptcies, it is
going to be extremely to get the unions to give up anything.
The airline industry had to go in bankruptcy to get concessions.

Jim Thorp of MS 3:40PM December 19, 2008